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NM Oil Production Jumps 46 Percent
May 23, 2013 10:19 am | News | CommentsAccording to the U.S. Energy Information Administration, oil production in New Mexico has increased by nearly 50 percent over the last three years, making it one of five western states that have helped boost national production over the last three years.
Protesters Rally at FirstEnergy Meeting in W.Va.
May 22, 2013 9:40 am | by VICKI SMITH, Associated Press | News | CommentsAt least 200 union workers picketed FirstEnergy Corp.'s annual shareholder meeting in West Virginia on Tuesday, demanding the Ohio-based utility hire enough people to keep the power on without forcing an ever-shrinking labor force to work as many as 1,800 hours of overtime a year.
Solar Industry Pushes for More Use in Ga.
May 22, 2013 9:30 am | by RAY HENRY, Associated Press | News | CommentsThe solar industry in Georgia is pushing a power monopoly to expand its use of solar energy as it plans to meet the state's electricity needs over the next two decades. State utility regulators heard testimony Tuesday on the energy plans from Southern Co. subsidiary Georgia Power, which must submit new plans every three years.
Patent Awarded for Wastewater Treatment in Oil & Gas Production
May 21, 2013 12:39 pm | Articles | CommentsWATER/WASTEWATER: The U.S. Patent and Trademark Office has issued a formal Notice of Allowance for a fifth patent to treat industrial wastewaters including those that are produced during the exploration and production of oil and natural gas.
Agri Beef Opens New Biogas Plant
May 21, 2013 10:41 am | Articles | CommentsWATER/WASTEWATER: Agri Beef Co.'s processing facility, Washington Beef, has built a new biogas plant which captures methane from an anaerobic lagoon which is part of the plant's water treatment system. The biogas is used in the company’s steam boilers displacing nearly 20 percent of the facility’s natural gas needs.
Schweitzer Elected Chairman of Stillwater Board
May 21, 2013 8:19 am | by MATT GOURAS & MATTHEW BROWN, Associated Press | News | CommentsFormer Montana Gov. Brian Schweitzer said Monday that he is "focused like a laser" on improving the Stillwater Mining Co. after being elected chairman of the board — but he also isn't ruling out a potential U.S. Senate run, saying he's good at "keeping a couple of balls in the air."
FirstEnergy Defends $1B Power Plant Deal
May 21, 2013 8:03 am | by VICKI SMITH, Associated Press | News | CommentsThe $1.1 billion cost of selling a coal-fired power plant from one FirstEnergy Corp. subsidiary to another is "a reasonable price for protection" against the more expensive option of buying electricity on the spot market to meet demand in West Virginia, a utility executive said Monday.
Maker of 'Pink Slime' Continues to Struggle
May 20, 2013 8:36 am | News | CommentsThe beef-processing company that makes the product that critics call "pink slime" continues to struggle more than a year after the initial stories on the lean bits of beef that Beef Products Inc. (BPI) makes. The company lost 80 percent of its business after the uproar over what BPI calls lean finely textured beef.
Xcel Energy Proposes Power Plants in Southeast ND
May 17, 2013 10:27 am | News | CommentsXcel Energy is proposing two natural gas-fired power plants in southeastern North Dakota to help meet electricity needs during times of peak demand in the upper Midwest in coming years. The plants would be built near Hankinson, about 70 miles south of Fargo, if they are approved by regulators.
Foes Line Up Against Sale of W.Va. Power Plant
May 17, 2013 10:25 am | News | CommentsOpposition is mounting to Mon Power's proposed purchase of a coal-fired power plant in north-central West Virginia -- a deal critics say is overvalued and would unfairly raise rates. The Public Service Commission has scheduled hearings in Charleston for May 29-31.
2013 CHEM SHOW
May 17, 2013 9:24 am | EventsThe CHEM SHOW is where professionals involved in the processing of chemicals, pharmaceuticals, foods, and other process industries come to find solutions to their process applications. Thousands of CPI professionals that are involved in mixing, blending, heating, cooling, filtering or drying materials come to the CHEM SHOW to see all the latest technologies and innovations being showcased by more than 300 exhibiting companies.
Natural Gas Export Plans Stir Debate
May 13, 2013 3:19 am | by MATTHEW DALY, Associated Press | News | CommentsA domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
Company Plans $1.5B Nitrogen Fertilizer Plant
May 10, 2013 10:34 am | News | CommentsState and local leaders in North Dakota announced Thursday plans to build a new $1.5 billion nitrogen fertilizer production facility northwest of Grand Forks. Gov. Jack Dalrymple and Grand Forks Mayor Michael Brown were joined by others in announcing that Northern Plains Nitrogen intended to build the new facility.
Export Coal Deal Stalls as Companies Renegotiate
May 9, 2013 10:09 am | by MATTHEW BROWN, Associated Press | News | CommentsA proposed deal on a Montana coal mine that supporters said would boost Asian exports of the fuel via the West Coast has stalled, as court documents show the companies involved are renegotiating terms of the sale. Representatives of the two companies said Wednesday that a deal still was expected.
The Novartis Way
May 9, 2013 9:16 am | by CNN Money | Videos | CommentsJoseph Jimenez, the CEO of pharmaceutical giant Novartis, discusses the business strategies and operating practices that have led his company to success in developing breakthrough drugs, keeping the company one step ahead of its competitors.
Poland's Shale Gas Hopes Suffer Blow
May 8, 2013 8:22 am | by MONIKA SCISLOWSKA, Associated Press | News | CommentsNews that Talisman Energy Inc. is pulling out of exploration for shale gas in Poland is a blow to the country's hopes that its deposits of the hydrocarbon will soon cut its dependence on Russian supplies and support the weakening economy. Canada's Talisman said Wednesday it had not found enough gas to warrant further expensive exploration or extraction procedures.
KC Pipeline Company Merging with Texas Firm
May 7, 2013 9:21 am | News | CommentsA Kansas City-based pipeline operator has agreed to a $7 billion cash-and-stock merger with an affiliated company. The Kansas City Star reports that Inergy L.P. agreed Monday to the merger with Houston-based Crestwood Midstream Partners L.P.
Idaho Cobalt Mine Nixed Amid Money Woes
May 7, 2013 9:19 am | by JOHN MILLER, Associated Press | News | CommentsA proposed Idaho cobalt mine with government approval and support from environmental groups has nixed its project, for now, because it said the price of the metal is too low and risk-averse financiers are demanding unfavorable terms to lend it money.
Ex-Montana Gov. Gets Seat on Stillwater Board
May 3, 2013 10:19 am | by MATTHEW BROWN, Associated Press | News | CommentsShareholders of Montana's largest public company elected former Gov. Brian Schweitzer and three other outsiders to Stillwater Mining Co.'s board Thursday after alleging mismanagement by the current directors. But the shareholders also re-elected four current board members.
Tulsa's Taylor Forge Builds New Plant
May 2, 2013 11:15 am | News | CommentsTaylor Forge Engineered Systems is expanding its business in Tulsa and expects to add up to 100 employees at a new facility. The company said Thursday it plans to build a new manufacturing center at Cherokee Industrial Park in north Tulsa.
Shell CEO Voser to Retire in 2014
May 2, 2013 11:14 am | by TOBY STERLING, Associated Press | News | CommentsRoyal Dutch Shell PLC said Monday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in the wake of a decline in oil prices. The departure comes as a surprise, as Voser is just 54 years old and is well-regarded within the industry.
Production Cuts Hit Statoil Profits
May 2, 2013 11:10 am | News | CommentsNorwegian oil company Statoil ASA saw first-quarter net income plunge 60 percent against the same period last year as production cuts, operational disruptions and reduced prices took their toll. Profit in January through March was 6.4 billion kroner ($1.1 billion) down from 15.4 billion kroner a year earlier, Statoil said Thursday.
GE Bets on Shale
May 2, 2013 9:02 am | by CNN Money | Videos | CommentsGeneral Electric recently made a huge bet on shale, buying an oil and gas equipment company called Lufkin Industries for $3.3 billion. The purchase will boost GE's portfolio of U.S. energy businesses. Shares of both Lufkin and GE were up with word of the news.
China Automaker to Open Electric Bus Plant in Calif.
May 1, 2013 8:45 am | by JOHN ROGERS, Associated Press | News | CommentsA Chinese company plans to build all-electric buses in California's Mojave Desert. Lancaster Mayor R. Rex Parris and officials of BYD Automotive scheduled a news conference Wednesday to announce plans to open the first Chinese-owned vehicle manufacturing plant in the United States in the city 60 miles northeast of Los Angeles.
Power Company, Smelter Reach Tentative Deal on Electric Rates
April 30, 2013 9:47 am | News | CommentsA regional utility has reached a tentative agreement with an aluminum smelter on electric rates that would keep the facility in western Kentucky open. Media report that Henderson-based Big Rivers Electric Corp. and Hawesville-based Century Aluminum announced the agreement on Monday.
