Americas
Benefits of shale outweigh risks - US survey
In new poll, Americans say they believe tapping shale gas formations offers greater rewards than it does risks, including those associated with hydraulic fracturing.
North America energy infrastructure outlook holds stable for 2012 - report
The stable outlook is supported by largely contracted revenue streams mitigating price and volume risk, including continuing strong support for renewable power projects through renewable portfolio standards.
Coca-Cola plans to have 100% plant-based bottle
Coca-Cola expects to have a plastic bottle made entirely from plant-based materials ready for commercial use in the next few years as it looks to reduce its reliance on petroleum used in traditional plastic bottles. Coca-Cola believes it can have the plant-based bottle developed by 2015 so that, by 2020, all of its plastic bottles can be using the new material.
Chevron committed to staying in Brazil despite spill
Chevron is "committed" to stay in Brazil for the long term and hopes to "move ahead" after an oil spill in early November that led to intense scrutiny of the oil company from local authorities and regulators. Chevron says it is very proud of its response on the Nov. 7 oil spill because the company's sweeping reaction resulted in no environmental impact from the spill.
Chevron Phillips Chemical plans new Texas ethane cracker for 2017
The company will build a world-scale cracker at its existing Cedar Bayou complex as well as two nearby polyethylene units.
Linde to build air separation plant in Arkansas
Linde says it will build a new air separation plant in Lewisville, Arkansas. The new 470 ton-per-day plant will produce liquid nitrogen and oxygen to meet rapidly growing demand in Arkansas, Louisiana and Texas, according to the company.
BP oil spill report calls for single policing agency
A single governmental agency should be used to insure offshore drilling safety in order to avoid disasters like the Deepwater Horizon in the Gulf of Mexico, a national research group said Wednesday. The recommendation could end up flying in the face of what the industry thinks it needs to regulate itself, though officials from the American Petroleum Institute had yet to comment directly on the suggestion.
US shale resources likely to spark manufacturing renaissance through 2025 - PwC
The abundance of shale gas resources could lead a US manufacturing renaissance with economic benefits that include cost savings, greater investments to expand manufacturing facilities and increased levels of employment, according to a new report.
IEA trims 2012 world oil demand growth forecast on economic woes
The International Energy Agency on Tuesday trimmed its forecast for world oil demand growth in 2012 versus its earlier 2012 projection based on the worsening global economic backdrop and persistently elevated oil prices, but said demand will remain robust and markets tight until 2013. The IEA forecast global oil demand at 90.3 million bpd in 2012, up from 89 million bpd this year.
Global refinery runs to rise in first quarter - IEA
Refinery runs across the globe will bounce back in the coming months as refineries return from heavy autumn maintenance and ramp up production even as profits on oil products fall, the International Energy Agency said Tuesday in a monthly report. Refinery runs will rebound to 75.8 million bpd, or 1.2 million bpd higher than the year-earlier quarter, after relatively weak growth since April.
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