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.
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.
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 says it has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
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.
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 Utilities and Louisville Gas & Electric have announced that plans for a natural gas power-generating plant in western Kentucky won't go forward.
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.
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.
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.
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?
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 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.
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.
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.
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.
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'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'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.
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.
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.
The Bristol, Virginia-based company posted a loss of $512.6 million, or $2.32 per share, compared with a loss of $185.7 million, or 84 cents per share, in the same quarter a year earlier.
The Enid News and Eagle reports the Koch Nitrogen plant expansion in Enid is expected to increase the company's ammonia production by more than 1 million tons each year.
Companies that provide hydraulic fracturing technologies and other services in the North Dakota oil patch and elsewhere aren't the only ones making money. People who invest in them are also having a good year.
Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) through July. The Marcellus Region, mostly located in West Virginia and Pennsylvania, is the largest producing shale gas basin in the United States, accounting for almost 40% of U.S. shale gas production. Marcellus Region production has increased dramatically over the past four years, increasing from 2 Bcf/d in 2010 to its current level.