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3M Q2 Profit Rises

July 24, 2014 | by Associated Press | Comments

The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share, in the quarter ending June 30, compared with $1.2 billion, or $1.71 per share, in the same quarter a year ago.                    

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Oil Train Derails In Seattle

July 24, 2014 2:36 pm | by Associated Press | Comments

Nothing spilled when three tanker cars in an oil train from North Dakota derailed at a rail yard, but it alarmed environmentalists.                                      

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Noble Energy Profit Falls Almost 50%

July 24, 2014 2:33 pm | by Associated Press | Comments

Noble Energy Inc. (NBL) reported earnings that decreased by 49 percent in its second quarter, and beat analysts' expectations.                                     

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China and Russia To Lead Global Polypropylene Capacity Additions By 2018

July 24, 2014 2:27 pm | by GlobalData | Comments

Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2% from 2003, reaching 65 million tons per year (mmty) in 2013, and is expected to continue rising to 86 mmty by 2018, at a slightly higher CAGR of 5.8%, according to research and consulting firm GlobalData.

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U.S. Refineries Running At Record Levels

July 24, 2014 9:55 am | by U.S. Energy Information Administration | Comments

Last year was the third year in a row that North American refineries showed considerably higher profitability than European refineries as measured by earnings per barrel processed.                           

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Slow Emergency Response Raises Safety Concerns In The Oil Fields

July 24, 2014 9:43 am | by JOSH WOOD, Associated Press | Comments

A more efficient system must be established to alert residents of danger in North Dakota's booming oil patch, an emergency manager and residents said, after authorities failed to alert the public for more than six hours when a facility storing toxic chemicals exploded. 

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Multi-Million Metal Research Center Heads To Detroit

July 23, 2014 5:07 pm | by Associated Press | Comments

The $148 million American Lightweight Materials Manufacturing Innovation Institute (ALMMII) is expected to help move cutting-edge metals from research into vehicles, planes and ships used commercially and by the U.S. military.                 

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Air Quality Deemed Safe After Oil Supply Plant Fire

July 23, 2014 4:51 pm | by JOSH WOOD, Associated Press | Comments

Air quality tests at the site of an industrial fire in Williston showed levels "that would not raise concern," according to North Dakota Department of Health Air Quality Division director Terry O'Clair.                            

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New Safety Rules Proposed To Phase Out Old Oil Trains

July 23, 2014 4:48 pm | by Associated Press | Comments

Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.

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Oil Supply Plant Fire Finally Extinguished

July 23, 2014 10:07 am | by JOSH WOOD, Associated Press | Comments

A massive blaze that shot fireballs into the sky at an oil supply and logistics company in a western North Dakota oil patch hub has been extinguished, according to the town's fire department.                                      

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Industrial Fire's Cause Still Unknown

July 23, 2014 10:05 am | by JOSH WOOD, Associated Press | Comments

More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, authorities still were unable to say what caused the massive blaze.                          

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Dow Chemical Adjusted Profit & Revenue Rise

July 23, 2014 9:59 am | by Associated Press | Comments

Dow Chemical's second-quarter net income slid 62 percent as the prior-year period benefited from a $2.16 billion payment related to a scrapped joint venture.                             

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The EPA's Twitter Faux Pas

July 22, 2014 4:58 pm | by DINA CAPPIELLO, Associated Press | Comments

The Environmental Protection Agency's fight to clean up water pollution got a splash of pop culture, thanks to an Internet flub involving reality TV star Kim Kardashian.                                        

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Flaws Found In Gas Drilling Regulation

July 22, 2014 4:51 pm | by Associated Press | Comments

Pennsylvania's state auditor general released a performance audit report saying the Department of Environmental Protection lacks a clear policy on the timeliness and frequency of inspections of the thousands of wells and does not routinely verify information the industry provides about waste disposal.

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Opponents Petition To Halt Vermont Pipeline Construction

July 22, 2014 4:48 pm | by Associated Press | Comments

Critics of a natural gas pipeline expansion in western Vermont want construction halted while state regulators review a recent 40 percent increase in the project's cost estimate.                              

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Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

Exxon Mobil Will Follow Anti-Bias Rules

July 22, 2014 4:46 pm | by Associated Press | Comments

Exxon Mobil Corp. says it will comply with new protections for gay and transgender employees required of federal contractors, but isn't saying whether it will formalize that wording in its corporate policies.                    

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