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New Oil Field Discovered In Tierra Del Fuego, Chile

July 2, 2014 12:29 pm | by GeoPark Limited | Comments

GeoPark Limited (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina, announces the discovery of a new oil field in Chile.           

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ISM: Manufacturing On Solid Ground For The Rest Of 2014

July 2, 2014 12:26 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Comments

Economic activity in the manufacturing sector expanded in June for the 13th consecutive month, and the overall economy grew for the 61st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.            

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Manufacturing Gains Offer Encouraging News For Automation Industry

July 2, 2014 12:01 pm | by Control System Integrators Association | Comments

As U.S. manufacturing recorded the greatest monthly increase so far in 2014, a recent survey involving members of the Control System Integrators Association (CSIA) also points to an upswing in the automation industry.                 

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Westlake Chemical Fire Probe Closed

July 2, 2014 11:31 am | by Associated Press | Comments

Company officials say air releases from an early June fire inside a refrigeration unit at Westlake Chemical Corp.'s vinyls plant in Ascension Parish did not exceed pollution limits.                       

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Work Resumes At GM Plant After Explosion

July 2, 2014 11:29 am | by Associated Press | Comments

Employees have returned to work at a General Motors metal-stamping plant in Indiana following a chemical explosion that killed a contractor and injured several others.                       

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Gas Prices Heading Into The Holiday Weekend

July 2, 2014 11:16 am | by U.S. Energy Information Administration | Comments

On Monday, June 30, the national average retail gasoline price was $3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in each of the previous three years.

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Vectren Sells Coal-Mining Subsidiary

July 2, 2014 9:28 am | by Associated Press | Comments

One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.                   

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First Commercial Cellulosic Ethanol Facility Opens

July 2, 2014 9:25 am | by Associated Press | Comments

A farmer-owned ethanol plant in northwest Iowa is the first commercial facility in the state to make the fuel additive from something other than corn starch.                                  

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Stone Energy Sells Gulf Tracts For $200M

July 2, 2014 9:23 am | by Associated Press | Comments

Stone Energy Corp. of Lafayette is selling some oil and gas properties on the Gulf of Mexico shelf to Talos Energy Offshore LLC of Houston for $200 million cash.                      

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First Bill Reacting To West, Texas Blast Meets GOP Resistance

July 1, 2014 5:20 pm | by PAUL J. WEBER, Associated Press | Comments

The first bill drafted by Texas lawmakers in response to the West fertilizer plant explosion that killed 15 people got an icy reception from Republicans who said the tougher proposed regulations would overburden storage facilities with complexities and cost.       

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Chemical Blast At GM Plant Kills 1, Injures 5

July 1, 2014 5:17 pm | by Associated Press | Comments

Authorities say a chemical explosion at a General Motors metal-stamping plant in Indiana has left one person dead and five others injured.                          

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Petroleum Refinery Capacity Up, Ownership Shifts

July 1, 2014 4:16 pm | by U.S. Energy Information Administration | Comments

As of January 1, 2014, there were 139 operating refineries and three idle refineries with total atmospheric crude oil distillation capacity (ACDU) of 17.9 million barrels per calendar day (bbl/cd), a 101,000-bbl/cd increase in capacity from January 1, 2013.

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Gold Mine Is A Go In Alaska

July 1, 2014 4:03 pm | by Associated Press | Comments

Donlin Gold and the Kuskokwim Corp. have agreed to terms on land-use rights for a proposed gold mine 120 miles upriver of Bethel.                                          

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North Carolina's environmental agency sought late Monday to delay its own settlement with Duke Energy a week after a busted pipe at one of the company's coal ash dumps spewed enough toxic sludge into the Dan River to fill 73 Olympic-sized pools.

Group Threatens To Sue Duke Energy

July 1, 2014 4:00 pm | by MITCH WEISS, Associated Press | Comments

An environmental group says it's planning to use the federal Clean Water Act to sue Duke Energy over coal ash pollution at three plants along North Carolina rivers.                      

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BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

Ex-BP Exec Can Be Tried On Obstruction Charge

July 1, 2014 10:59 am | by KEVIN McGILL, Associated Press | Comments

A former BP executive can be tried on a charge that he obstructed a congressional investigation into the 2010 Gulf oil spill, a federal appeals court in New Orleans said in a ruling Monday.                          

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