Royal Dutch Shell scooped two honours in the Platts Global Energy Awards in New York City last night.

The awards program, now in its 14th year, is one of the energy industry's premier recognition events and often referred to as the "Oscars" of the energy industry.

Netherlands-based Royal Dutch Shell took the much sought-after Energy Company of the Year and Commodity Excellence Award for Natural Gas.

The deal will see the company set up a joint venture with Hutchison China MediTech and will give Nestle exclusive access to more than 50,000 extracts that are used in the manufacture of Chinese medicines. The joint venture, called Nutrition Science Partners Limited (NSP), will develop and manufacture nutritional and medicinal products.

The deal comes as the global market for Chinese medicines expands. It is valued at more than $83bn by the World Health Organization. In China alone, the industry produced almost $48bn worth of such medicines in 2010.

A new report offers an insight into the dynamics driving the iron ore market, and a market outlook to 2020.

Each year APICTA recognises the best in innovation from across the Asia Pacific ICT community. This year’s event, hosted for the first time by Brunei, promises to break new ground.

Country Manager Shane Johnson explains how a team of experienced seismic experts is paving the way for others to reap the rewards that East Africa has to offer.

Iceland is no backwater, thanks largely to an innovative and forward looking business and entertainment sector supported by Síminn, one of the world’s most advanced telecommunications corporations.

Chief executive officer Marco Neelsen discusses the crucial role KBSP is playing in the development of Bahrain as a centre of trade and economic activity.

While analysts had forecast a 5.4 percent expansion, growth has actually been recorded as being 7.1 percent higher than at the same time last year. These latest figures reinforce the fact that the Philippines has had one of the better performing economies in the region throughout 2012.

Observers have reacted positively to the news, with many stating that these robust numbers suggest that the Philippines will likely exceed its target of achieving six percent growth over the fiscal year.

According to new research, currently available technologies could earn fuel savings of $26,400 per truck with a payback time of less than 18 months.

The report published today by Carbon War Room and Trimble, Road Transport: Unlocking Fuel-Saving Technologies in Trucking and Fleets finds that efficiency gains could also mitigate 624 million tons of CO2 by 2020 in the US alone, if applied only to class 8 trucks.

The acquisition, worth $5 billion, represents the state-controlled producer’s largest overseas purchase and comes at a time when ONGC is looking to increase production to fuel India’s growing economy.

At present, India imports almost 80 percent of the oil it requires. This is due to the fact that its refining capacity has outgrown the oil output locally.