Salman, 79, said the kingdom would continue oil and gas exploration, despite crude prices being nearly half of what they were last summer. In an acknowledgement of the kingdom's burgeoning young population, he urged businesses to help create jobs, calling it a national duty.
City officials said Monday they want to review whether current permits allow Royal Dutch Shell PLC to lease port property along the Seattle waterfront for its Arctic oil drilling fleet.
A New Jersey legislative committee advanced a resolution on Monday calling for the rejection of a deal Gov. Chris Christie's administration announced last week to settle a decade-old lawsuit against Exxon Mobil for $225 million, a fraction of what the state previously sought for environmental damage from the oil company.
It's another step by the unit of the Atlanta-based Southern Co. toward moving the $6.2 billion plant to being fully operational by the end of June 2016.
The Georgia-based group's quarterly forecast suggested lower domestic energy prices and declining overseas competitive advantages make the U.S. "an attractive destination for high value-added manufacturing."
BP said in a statement that the investment is "a vote of confidence in Egypt's investment climate."
With tanks of oil piling up in the U.S., the drumbeat for lifting the crude export ban has been getting louder — but many in Congress are still reluctant to let the ban go. Here are some of the arguments in support of keeping the ban and how they stack up against the facts.
The new plant is projected to triple the company's production of ammonia, a key component of nitrogen-based fertilizer, and help to grow urea and urea-ammonium nitrate production, CF Industries officials said.
The CEOs of both ExxonMobile and BP say low prices will hang around for another year or two — which isn't great news for everyone.
Amid ongoing talks over trade pacts with Pacific Rim nations and Europe, the White House sought Trade Promotion Authority, which would require Congress to consider proposed trade agreements without amendments.
Despite widespread support in Wisconsin's Republican-controlled Legislature and the endorsement of right-to-work by the national GOP, one Minnesota Republican harshly criticized the proposed law and invited affected companies to consider moving across the Mississippi River
Dow has increased production of ethylene, propylene and derivatives for the packaging industry. The plans will expand the Gulf Coast facilities by 40 percent.
A lawmaker is calling for an investigation while the company's stocks have tumbled and they've bowed out of several public appearances.
A newly released report expects auto production and lithium-ion batteries to bolster the U.S. graphite market by nearly 30 percent by 2020.
The announcement comes as the fast-food giant struggles to shake its junk-food image amid intensifying competition from smaller rivals positioning themselves as more wholesome alternatives.
Nuclear manufacturer Areva has announced a 4.8 billion euro loss for 2014, more than its entire market value, plunging the powerful French nuclear industry into turmoil.
The American Chemistry Council announced an ad campaign highlighting recent evaluations of bisphenol A as "safe."
U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly.
The MAPI Foundation's latest quarterly economic forecast predicted the cost per barrel of imported crude oil to average less than $50 this year, down dramatically compared to the $80 per barrel forecast in the group's November report.
The South Korean nuclear regulator said Friday it renewed the operating license of the country's second-oldest nuclear power plant until 2022, overriding the objections of residents and anti-nuclear groups.
The Advocate reports the group represents more than 57 petrochemical, energy, paper, pharmaceutical, pipeline, storage terminal and other industrial facilities in the eight parishes surrounding Baton Rouge.
Here's a list of some of the key advantages and disadvantages associated with union membership in today’s society.
President Barack Obama said the federal government plans to strengthen regulations regarding oil train safety.
A small startup biotech firm says it has a software platform that can come up with 100 times more chemicals from microbes than were previously thought.
If there’s one thing the Great Recession taught manufacturers, it’s that there are wasted dollars hiding everywhere — and some of the sweetest low hanging fruit for a cost-conscious company is in your MRO inventory.