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Consumer Prices Up .1% In July

August 19, 2014 10:34 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices.                                           

BHP Plans Asset Split, Posts $13.8B Profit

August 19, 2014 10:14 am | by KRISTEN GELINEAU, Associated Press | News | Comments

BHP Billiton, the world's biggest miner, said it plans to split off some of its smaller assets into a separate company, as it posted a $13.8 billion annual profit.                           

Huge Utility Line Upgrade Faces Opposition

August 18, 2014 10:49 am | by KEVIN BEGOS, Associated Press | News | Comments

One of the biggest new electric transmission line proposals in decades is turning into a debate over fracking, renewable energy and the future of an aging energy grid.                            

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Gov. Sean Parnell said critics of his administration's actions in a North Pole oil refinery's impending closure don't see behind-the-scenes work that could keep the refinery operating.

Alaskans Decide The Fate Of Oil Production Tax

August 18, 2014 10:22 am | by DAN JOLING, Associated Press | News | Comments

Amid a fog of conflicting claims, Alaskans head to the polls Tuesday to decide if the state's old system for taxing oil companies, passed in 2007 after some lawmakers were suspected of bribery, is better than the new system, a tax cut passed last year to try to attract investment from petroleum companies.

North Dakota Oil Production Continues To Grow

August 18, 2014 10:07 am | by Associated Press | News | Comments

North Dakota's Industrial Commission says oil production numbers hit record highs again in the state in June as the state's booming oil industry continues to grow.                        

Manufacturing Technology Numbers Up In June

August 14, 2014 4:00 pm | by The Association For Manufacturing Technology | News | Comments

June U.S. manufacturing technology orders totaled $405.73 million according to The Association For Manufacturing Technology. This total was up 12.6% from May but down 2.1% when compared with the total of $414.26 million reported for June 2013. With a year-to-date total of $2,349.38 million, 2014 is down 2.7% compared with 2013.

ND Energy Panel Calls For $1B In Infrastructure Improvements

August 14, 2014 3:51 pm | by Associated Press | News | Comments

A group representing North Dakota's various energy sectors is recommending the state spend almost $1 billion over the next two years on roads, bridges and other infrastructure.                     

Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Shell Sells Shale Rights For $2.1B

August 14, 2014 9:41 am | by Associated Press | News | Comments

Royal Dutch Shell says it has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.                           

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Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around an unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more on

Geopolitics Creep Into This Month’s ISM Report

August 14, 2014 1:00 am | by Tia Nowack, IMPO Magazine | Articles | Comments

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.    

State Firm Takes 83% Of Mexican Reserves

August 13, 2014 4:07 pm | by Associated Press | News | Comments

Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves, but could form alliances with private firms in some of those fields.                                            

Kentucky Gas Plant Cancelled

August 13, 2014 1:44 pm | by Associated Press | News | Comments

Kentucky Utilities and Louisville Gas & Electric have announced that plans for a natural gas power-generating plant in western Kentucky won't go forward.                              

James River Coal Asset Auction Set For August 18

August 13, 2014 9:44 am | by Associated Press | News | Comments

Online court documents show the auction is scheduled for Aug. 18. If the successful bid contemplates a sale, a sale-approval hearing would be held Aug. 20 in U.S. Bankruptcy Court in Richmond.                  

Utica Shale Region Now Included In Drilling Productivity Report

August 12, 2014 10:20 am | by U.S. Energy Information Administration | News | Comments

The Utica Region in eastern Ohio, one of the fastest growing natural gas production areas in the United States, has been added to the Drilling Productivity Report. Total natural gas production in the Utica Region has increased from 155 million cubic feet per day (MMcf/d) in January 2012 to an estimated 1.3 billion cubic feet per day (Bcf/d) in September 2014.

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Martin Midstream Pays $120M For Cardinal Gas Storage Partners

August 11, 2014 10:36 am | by Associated Press | News | Comments

Oil and natural gas distributor Martin Midstream Partners said Monday it will pay $120 million to get full ownership of Cardinal Gas Storage Partners, which helps run four natural gas storage facilities in North Louisiana and Mississippi. 

Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around an unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more on

EPA Regulations And American Manufacturing

August 9, 2014 1:00 am | by Tia Nowack, IMPO Magazine | Blogs | Comments

The EPA, as well-intentioned as it may be, is often met with staunch opposition from the industrial sector and the political right. Backing the EPA, more frequently than not, are environmentalist and the left. But who’s right, and is there a clear winner? 

The flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana's coast, the operator and federal regulators said Saturday.

U.S. Rig Count Up To 1,908

August 8, 2014 3:35 pm | by Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose 19 this week to 1,908.                                          

Chemicals mergers and acquisitions (M&A) activity in the fourth quarter of 2013 saw a large uptick that helped level off 2013 overall deal volume and value, largely in part due to divestitures and mega deals – those valued at more than $1 billion, accordi

Q2 Chemicals M&A Activity Driven By Mid-Market Acquisitions

August 8, 2014 9:31 am | by PwC US | News | Comments

Chemicals mergers and acquisitions (M&A) activity in the second quarter of 2014 more than doubled in value and volume when compared to the same period last year. Mid-market transactions ($50 - $250 million) accounted for 68 percent of total deal activity and over 20 percent of value, helping push total second quarter deal value to more than $12 billion.

Tribe Demands Fees For Wasted Natural Gas

August 8, 2014 9:22 am | by JAMES MacPHERSON, Associated Press | News | Comments

Tribal leaders on an American Indian reservation in the heart of North Dakota's booming oil patch are proposing fees for companies that burn and waste natural gas.                            

Man Pleads Guilty To Mine Kickback Scheme

August 7, 2014 4:01 pm | by JONATHAN MATTISE, Associated Press | News | Comments

David E. Runyon's guilty plea came in U.S. District Court in Charleston. He faces up to 25 years in prison and $500,000 in fines for extortion and tax evasion.                         

Oil Boom & Housing Bust Alter Spending Trends

August 7, 2014 4:00 pm | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

Americans spend the most, per person, on housing in Washington, D.C., and the least in West Virginia. Those and other figures emerged from a new annual report from the government that for the first time reveals consumer spending on a state-by-state basis. The numbers point to substantial shifts in the economy since the recession ended.

WTO Upholds Rare Earth Ruling Against China

August 7, 2014 3:54 pm | by Associated Press | News | Comments

The World Trade Organization has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths," the minerals used in mobile phones, hybrid cars, flat-screen TVs and other high-tech products.

Venezuela Considers Selling Citgo

August 7, 2014 9:49 am | by HANNAH DREIER, FABIOLA SANCHEZ, Associated Press | News | Comments

Venezuela's government has confirmed that it is considering the sale of its oil refining and distribution network in the U.S. amid a worsening economic crisis.                         

Mexico Approves Oil Sector Opening

August 7, 2014 9:45 am | by E. EDUARDO CASTILLO, Associated Press | News | Comments

Mexico's Congress approved a comprehensive energy reform that will break more than seven decades of state monopoly and dramatically expand the role of foreign and private companies in the country's oil and gas industry.              

Are Your Ideas Protected?

August 7, 2014 1:00 am | by Michael Sherban, patent attorney | Articles | Comments

Small and midsize companies often neglect their most valuable assets — their intellectual property. Failing to protect ideas can have negative long-term effects, especially small and midsize companies. While the process may seem daunting, it is not, and a company should not be dissuaded from protecting the ideas that it has spent precious time and resources developing.

Nebraska Ethanol Plant Reopens

August 6, 2014 3:30 pm | by Associated Press | News | Comments

A corn-fed ethanol plant in south-central Nebraska that has been idle since 2012 has reopened thanks to an improved market, a company executive said.                       

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