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Oil jobs lost: 250,000 and counting

November 26, 2015

Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies..

Xellia Pharmaceuticals acquires Hikma manufacturing plant

November 26, 2015

Xellia Pharmaceuticals, a specialty pharmaceutical company focusing on providing important anti-infective treatments against serious and often life-threatening infections, has acquired manufacturing facilities in Bedford, Ohio from a wholly owned subsidiary of Hikma Pharmaceuticals PLC. Financial details are not disclosed. Under the terms of the agreement,..

Air Liquide CEO: Oil slump spurs new fracking trend

November 26, 2015

Waterless fracking has been sought after by scientists ever since the shale boom was a boom. But the urgency of the downturn in oil prices has cast a new light on the developments in water-free well fracking, Mike Graff, CEO at Air Liquide USA LLC,..

Pertamina and Saudi Aramco ink deal for refinery, petchems in Indonesia

November 26, 2015

Indonesia’s state energy group Pertamina (Jakarta) and Saudi Aramco, the state-owned oil company of Saudi Arabia, on Thursday signed a heads of agreement for joint ownership, operation and upgrade of the Cilacap refinery in Central Java, Indonesia with an estimated cost of $5.5 billion. The..