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Article 1507

Dow Chemical Co. announced plans to build a 1.5-million tonne/year ethylene plant at its Texas operations in Freeport under a strategy reported a year ago of integrating US operations with feedstocks available from increasing production of natural gas ... ...

BP PLC agreed to pay $7.8 billion in settlement agreements with the Plaintiffs’ Steering Committee (PSC) to resolve most of the private economic loss, property damage, and medical claims stemming from the Macondo well blowout. ...

The US Geological Survey estimates that the world’s undiscovered, technically recoverable conventional oil and gas resources outside the US total 565 billion bbl of oil, 5,606 tcf of natural gas, and 167 billion bbl of natural gas liquids, it said on... ...

The West African Transform Margin remains “highly prospective” despite two Anadarko Petroleum Corp.-operated exploratory wells that encountered water-bearing reservoirs with oil shows offshore Sierra Leone and Ivory Coast, said Tullow Oil PLC. ...

The US Environmental Protection Agency outlined a phased approach as it issued long-awaited final rules Apr. 17 to reduce air pollution from oil and natural gas production, including federal air standards for wells that involve hydraulic fracturing. ...

BP PLC and partners in the Shah Deniz consortium have approved initial work on second-stage development of their giant natural gas and condensate field offshore Azerbaijan in a step that will include selection of an export route across Turkey and into ... ...

US President Barack Obama called for more aggressive measures to prevent oil-market manipulation, pledging stronger action by his administration and calling on Congress to fund enforcement and increase penalties for violators. ...

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