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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.                      

Gas Production Halts At North Pole Refinery

May 2, 2014 10:31 am | by Associated Press | News | Comments

Flint Hills announced in February that it would close the facility because of the high costs of doing business in Alaska and its ongoing obligations from a chemical spill that has affected local water supplies.          

Manufacturers Expanded In April

May 1, 2014 11:04 am | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

U.S. manufacturing grew faster in April than in March as exports picked up and factories accelerated hiring.                                                

Exxon Earnings Slip

May 1, 2014 10:48 am | by JONATHAN FAHEY, AP Energy Writer | News | Comments

Exxon Mobil said Thursday that its net income fell 4 percent in the fourth quarter as it produced less oil and natural gas and posted weaker refining results.                          

The Pros & Cons Of Outsourced vs. In-House Maintenance

May 1, 2014 1:00 am | by Mike Johnston, CRMP, Senior Consultant, T.A. Cook Consultants, Inc. | Articles | Comments

Outsourced contract maintenance is becoming an increasingly prevalent method for companies to maintain their assets. There are three approaches to maintenance management: In-house staffing, a hybrid of in-house and outsourcing, and complete outsourcing. How these may be applied and to what extent is driven by each company and their own unique needs.


Life Cycle Engineering Partners With OSIsoft

April 30, 2014 12:13 pm | News | Comments

Life Cycle Engineering (LCE), Inc., announced a partnership with OSIsoft to offer predictive analytics and intelligent asset management solutions for the oil and gas industry.                    

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 To Stay Out Of Russia

April 30, 2014 11:19 am | by TOBY STERLING, AP Business Writer | News | Comments

Royal Dutch Shell PLC says it will not be entering new investments in Russia anytime soon as tensions rise over the country's confrontation with Ukraine.                                 

The company that operates a southeastern Pennsylvania nuclear plant says it may decide within a year to shut down some of its 11 nuclear power stations if a way to make them profitable can't be found.

Exelon Buys Pepco Holdings For $6.83B

April 30, 2014 11:17 am | by Associated Press | News | Comments

Energy provider Exelon is buying Pepco Holdings Inc. for $6.83 billion to create a large electric and gas utility in the Mid-Atlantic region.                              

Oil Spill Damage Claim Found Phony

April 30, 2014 11:09 am | by KEVIN McGILL, Associated Press | News | Comments

A federal judge ruled Tuesday that a $357,000 payment in a damage claim from the 2010 BP oil spill must be repaid because the claim was fraudulent.                            

The Disconnect Between Equipment Purchasers And Factory Operators Costs Manufacturers Billions

April 30, 2014 1:00 am | by IHS Technology | Articles | Comments

A lack of communication, combined with a short-sighted fixation on holding down factory capital expenditures, is incurring massive energy-inefficiency costs for manufacturers during the lifetimes of their production facilities.


Oil & Grain Train Fight Continues

April 29, 2014 11:08 am | by JAMES MacPHERSON | News | Comments

Crude oil trains are not displacing grain shipments in the Dakotas and surrounding states, railroad officials assured North Dakota regulators Monday.                                 

BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

BP Committed To Russia Despite Sanctions

April 29, 2014 11:05 am | by Associated Press | News | Comments

Energy company BP said Tuesday that it remains committed to its investment in the Russian oil firm Rosneft, despite U.S. sanctions targeting its president, Igor Sechin, and sharp drops in income from its stake.              

Goodyear Posts $58M Q1 Loss

April 29, 2014 10:53 am | by Associated Press | News | Comments

Goodyear reported a $58 million loss for the first quarter largely due to Venezuelan currency charges. The loss was compounded by the extreme winter weather across the U.S. that hurt tire sales, the company said.              

Consol Energy Turns Q1 Profit

April 29, 2014 10:51 am | by Associated Press | News | Comments

Consol Energy Inc. earned $116 million in the first quarter, helped in part by growth from its division that focuses on oil and gas exploration and production.                         

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

Chemical M&A Activity Up In The First Quarter

April 29, 2014 10:15 am | by PwC US | News | Comments

Chemicals mergers and acquisitions (M&A) activity in the first quarter of 2014 increased 21 percent over the same period last year, driving total deal value in the space to more than $12 billion.

Energy Transfer Buys Susser Holdings For $1.8B

April 28, 2014 10:14 am | by Associated Press | News | Comments

Energy Transfer Partners LP is buying Susser Holdings Corp., an operator of convenience stores that sell gas, in a deal valued at about $1.8 billion.                            

Meeting The Biggest Challenges In Manufacturing Today

April 28, 2014 1:00 am | by Tom Bonine, President, National Metal Fabricators | Articles | Comments

It's no secret that American manufacturing has faced significant obstacles recently. In an industry known for low wages, subpar working conditions and quality control issues, none of which attract new workers — are those the real challenges facing manufacturing? Here are some of the biggest challenges in manufacturing right now, from a manufacturer’s perspective.

Rapid City Courts Energy Business

April 25, 2014 10:56 am | by Associated Press | News | Comments

Economic development officials believe the southwestern South Dakota city of Rapid City is in a prime spot to lure more energy-related businesses — even though it's not in the heart of energy territory.                   

Baltic States Push To Cut Russian Gas Reliance

April 25, 2014 10:51 am | by DAVID McHUGH, LIUDAS DAPKUS, Associated Press | News | Comments

The countries in this northeastern corner of the European Union are among the most dependent on Russia to keep their homes warm and industries running. The three Baltic nations of Latvia, Estonia and Lithuania get all their gas from Russia and lack connections to the wider European pipeline system that would allow them to import from elsewhere.

U.S. Manufacturing Makes Gains On The Competition

April 25, 2014 10:46 am | by PAUL WISEMAN, AP Economics Writer | News | Comments

U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil and most of the world's other major economies.                          

Looking For Growth & Profitability Solutions?

April 24, 2014 3:32 pm | by Mike Edgett, Director of Industry Marketing, Process Manufacturing at Infor | Articles | Comments

Over the last decade, many companies have been “making do” with what they had to in order to run their businesses. The stories of companies delaying capital investment and squeezing more years out of equipment have been told over and over again. Now is the time to decide which IT investments can both grow your business and improve your profitability. So, where to begin? 

Arch Coal Writes Off Coal-To-Liquid Project

April 24, 2014 10:17 am | by Associated Press | News | Comments

Arch Coal Inc. has written off as a loss its total $57.7 million investment in a planned coal-to-liquids plant in southern Wyoming but continues to maintain its equity interest in the project, according to a company spokeswoman and a recent report to federal regulators.

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