Dow Chemical Co., the largest U.S. chemical company, reported a bigger drop in second-quarter earnings and sales than analysts estimated and said the outlook for global demand for the rest of the year is “bleak.” More »
With the world focused on a BP rig explosion in the spring of 2010 that caused the worst oil spill in U.S. history, a massive release of pollutants from the company’s Texas City refinery went largely unnoticed. More »
Royal Dutch Shell Plc (RDSA) may have to scale back its Arctic oil-exploration this year after unrelenting ice and trouble passing U.S. Coast Guard inspections delayed the planned July start of drilling. More »
Spanish energy company Repsol says its second quarter net profits fell 45 percent from the same period of 2011 to €274 million ($332 million), due in the effect of lower oil prices on the value of its inventories. More »
Norwegian oil and gas group Statoil ASA says second-quarter profits dipped slightly in the second-quarter, falling just under 2 percent, in large parts due to lower prices for liquids and higher exploration costs. More »
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