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Businesses Struggle To Recover After Chemical Spill

May 12, 2014 10:50 am | by JONATHAN MATTISE, Associated Press | News | Comments

Restaurants and storefronts are buzzing again in West Virginia's capital city, but many still haven't filled a financial hole after chemicals sullied their running water and forced them to close for several days in January.                     

Nebraska Biodiesel Plant To Resume Production

May 12, 2014 10:44 am | by Beatrice Daily Sun | News | Comments

An idle biodiesel plant in southeast Nebraska will soon be renovated and resume producing fuel near Beatrice.                                    

Plastics Industry Lauds R&D Tax Credit Extension

May 12, 2014 10:22 am | by The Plastics Industry Trade Association | News | Comments

In a 274 to 131 bipartisan vote, the House today passed H.R. 4438, the “American Research and Competitiveness Act of 2014,” cosponsored by Rep. Kevin Brady (R-Texas) and Rep. John Larson (D-Conn.). The tax credit expired Dec. 31, 2013.      

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Procter & Gamble Yanks "Neo-Nazi" Detergent Off German Shelves

May 9, 2014 11:45 am | by Associated Press | News | Comments

Detergent manufacturer Procter & Gamble has prompted anger in Germany after unintentionally placing a neo-Nazi code on promotional packages for Ariel washing powder.                         

Sarah Palin Defends Her Oil Tax Structure

May 9, 2014 11:42 am | by BECKY BOHRER, Associated Press | News | Comments

Former Alaska Gov. Sarah Palin defended as fair and common sense the oil tax structure she championed while in office, a system that has been dismantled by state lawmakers and her successor, fellow Republican Sean Parnell.                   

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

ExxonMobil Donates To Tornado Recovery Effort

May 9, 2014 11:39 am | by CHRISTINA HUYNH, Associated Press | News | Comments

ExxonMobil has donated $250,000 to aid recovery efforts in the state from last week's severe storms that included a deadly tornado.                                      

An ammonia leak and fire have shut down a beef processing plant in eastern Nebraska, but no employees were injured.

Cargill Workers Win More Benefits

May 9, 2014 11:37 am | by Associated Press | News | Comments

The U.S. Labor Department has approved a union petition for extended unemployment and other benefits for workers of a shuttered West Texas meatpacking plant.                               

Unilever Closes Ontario Plant

May 9, 2014 11:33 am | by The Canadian Press | News | Comments

Unilever plant in Bramalea, Ont., that manufactures dry mixes for soups, sauces and other foods will close and its production capability shipped to the United States, the company announced yesterday.                                     

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Changing The Tune On Asset Uptime

May 8, 2014 11:09 am | by Leah Friberg, Education and Public Affairs, Fluke Corporation | Articles | Comments

Predictive maintenance practices are entrenched in regulation-driven manufacturing sectors with high costs of downtime, such as refineries or pharmaceuticals, but for the average facility, the ROI for predictive maintenance hasn’t been there. Not all facilities have the budgets to implement a predictive maintenance system, but by incorporating smart devices they can raise the effectiveness of even a small maintenance team. 

New Consol CEO Takes The Reins

May 8, 2014 11:07 am | by ANYA LITVAK, Pittsburgh Post-Gazette | News | Comments

The transfer of power at the Cecil company's annual meeting put DeIuliis in charge of a quickly transforming company. In the past two years, Consol Energy Inc. sold off more than half of its coal mines and its barge business, replaced its top-level management, cut company headcount by 30 percent and repositioned itself as an exploration and production company first and foremost.

Lubricant Maker Buys Former Shell Facility

May 8, 2014 11:00 am | by JEFF AMY, Associated Press | News | Comments

Lubricant maker CAM2 International has bought the former Shell facility in Mississippi and plans to restart operations in coming months, hiring about 35 employees.                             

Weigh In On Natural Gas & Oil Production Survey

May 8, 2014 10:27 am | by U.S. Energy Information Administration | News | Comments

As a result of the rapid growth and shifting location of U.S. natural gas and crude oil production, the U.S. Energy Information Administration (EIA) is proposing expanding the geographic coverage of its current monthly natural gas production survey and adding collection of state-level data on crude oil and lease condensate production.

A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

Freedom Industries Offloads Related Business

May 7, 2014 10:50 am | by JONATHAN MATTISE, Associated Press | News | Comments

The now-bankrupt company at the center of West Virginia's chemical spill wants to sell what's left at its other site to a company tied to former executives.                        

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Siemens Shake Up Aims For Profit

May 7, 2014 10:47 am | by DAVID McHUGH, AP Business Writer | News | Comments

German industrial equipment maker Siemens AG has launched a sweeping restructuring to raise disappointing profits and better compete with peers such as General Electric.                     

Freeport-McMoRan Sells Eagle Ford Assets For $3.1B

May 7, 2014 10:45 am | by Associated Press | News | Comments

Freeport has been working on selling about $4 billion of its energy assets to help reduce debt and allow it to concentrate more on growth areas like the Gulf of Mexico.                      

Oil & Gas Spending Encourages Exploration & Development

May 7, 2014 9:54 am | by U.S. Energy Information Administration | News | Comments

Annual reports from 42 oil and natural gas companies that have reported data on upstream expenditures since 2000 show that spending on exploration and development throughout the world increased by 5% ($18 billion) in 2013, while spending on property acquisition fell by $17 billion. 

The economic reports this week were mixed with several reports coming in weaker than expected.

Chemical Production Continues To Climb

May 7, 2014 9:49 am | by American Chemistry Council | News | Comments

According to the American Chemistry Council, following an upwardly revised 0.5 percent gain in February, the U.S. Chemical Production Regional Index was 0.2 percent higher in March. Five out of the seven producing regions also saw production increases.

Adapting To Shareholder Environmental Concerns

May 7, 2014 1:00 am | by Patrick Daugherty, Foley & Lardner LLP | Articles | Comments

As concern about the environmental impact of manufacturing grows, increased shareholder activism has the potential to affect any company’s approach. Recent changes in how the U.S. Securities and Exchange Commission looks at shareholder proposals are giving activists a bigger voice, forcing manufacturers adapt to the new environment.

The Enlightened Plant

May 6, 2014 1:00 am | by Peter G. Martin and Grant Le Sueur | Blogs | Comments

Information without context is just noise. The best way to filter the noise is to ensure that each plant function — operations, maintenance, safety, etc. — has clear, up-to-date information on how it can contribute most effectively to safe, successful operation. Although each role operates within multiple contexts, automation systems can offer useful assistance.

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

ExxonMobil Ahead Of Schedule At PNG LNG Project

May 5, 2014 2:28 pm | by ExxonMobil | News | Comments

Exxon Mobil Corporation announced the $19 billion PNG LNG project has started producing liquefied natural gas (LNG) in Papua New Guinea ahead of schedule.                            

Artek Acquires Galata Chemicals

May 5, 2014 2:26 pm | News | Comments

Artek Surfin and Aterian Investment Partners have announced that they have closed on their previous announced transaction whereby Artek has acquired Aterian's shares in Galata Chemicals.                         

Business Mediates Discussion Between Steel Plant & Environmental Regulators

May 5, 2014 10:37 am | by Associated Press | News | Comments

State business development officials led discussions with environmental regulators and a Detroit-area steel plant seeking to release higher amounts of toxins, according to a newspaper report.                     

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 Considers Huge Build In Pennsylvania

May 5, 2014 10:33 am | by Associated Press | News | Comments

Zinc production has shut down at a western Pennsylvania site where Shell Oil Co. is considering building a high dollar petrochemical plant.                                 

ISM: Solid Numbers All Around

May 2, 2014 2:03 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in April for the 11th consecutive month, and the overall economy grew for the 59th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Chevron Profit Plunges

May 2, 2014 10:53 am | by Associated Press | News | Comments

Chevron Corp. says its net income fell 27 percent in the first quarter because of lower global oil prices and decreased production of oil as a result of bad weather.                      

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