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Manufacturing Gains Offer Encouraging News For Automation Industry

July 2, 2014 12:01 pm | by Control System Integrators Association | News | Comments

As U.S. manufacturing recorded the greatest monthly increase so far in 2014, a recent survey involving members of the Control System Integrators Association (CSIA) also points to an upswing in the automation industry.                 

Vectren Sells Coal-Mining Subsidiary

July 2, 2014 9:28 am | by Associated Press | News | Comments

One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.                   

Stone Energy Sells Gulf Tracts For $200M

July 2, 2014 9:23 am | by Associated Press | News | Comments

Stone Energy Corp. of Lafayette is selling some oil and gas properties on the Gulf of Mexico shelf to Talos Energy Offshore LLC of Houston for $200 million cash.                      

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Petroleum Refinery Capacity Up, Ownership Shifts

July 1, 2014 4:16 pm | by U.S. Energy Information Administration | News | Comments

As of January 1, 2014, there were 139 operating refineries and three idle refineries with total atmospheric crude oil distillation capacity (ACDU) of 17.9 million barrels per calendar day (bbl/cd), a 101,000-bbl/cd increase in capacity from January 1, 2013.

U.S. Manufacturers Expanded In June

July 1, 2014 10:57 am | by PAUL WISEMAN, AP Economics Writer | News | Comments

U.S. manufacturing grew in June for the 13th straight month. But the pace of the expansion slowed from May.                                       

Texas & North Dakota Lead In Crude Production

July 1, 2014 10:46 am | by U.S. Energy Information Administration | News | Comments

U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total.                          

Oil Gains As China Manufacturing Improves

July 1, 2014 10:33 am | by Associated Press | News | Comments

The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.                              

Supreme Court To Hear Natural Gas Price-Fixing Claims

July 1, 2014 10:31 am | by Associated Press | News | Comments

The U.S. Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.                         

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

2014 Comprehensive Economic Profile Of American Chemistry

June 30, 2014 3:07 pm | by American Chemistry Council | News | Comments

The American Chemistry Council (ACC) issued its 2014 edition of the Guide to the Business of Chemistry, a detailed economic profile of the chemistry industry and its contributions to the U.S. and world economies.                           

ConAgra Completes Oregon Expansion

June 30, 2014 12:12 pm | by Associated Press | News | Comments

ConAgra Foods Inc. has completed a $200 million expansion of its Lamb Weston frozen potato plant in Boardman, Oregon.                                    

Judge Lets State Intervene In Pebble Case

June 30, 2014 12:06 pm | by Associated Press | News | Comments

Alaska is now party to a lawsuit against the U.S. Environmental Protection Agency over its involvement with the proposed Pebble Mine.                                      

Supreme Court Won't Hear Fuel Standard Dispute

June 30, 2014 12:02 pm | by Associated Press | News | Comments

The Supreme Court won't hear a challenge to California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions.                          

PPG Industries Buying Comex For $2.3B

June 30, 2014 11:40 am | by Associated Press | News | Comments

Paint and coatings maker PPG Industries is buying Consorcio Comex SA de CV for $2.3 billion to help bolster its architectural coatings presence in Mexico and Central America.                           

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Devon Energy Sells Assets For $2.3B

June 30, 2014 11:37 am | by Associated Press | News | Comments

Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.                                

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 Seeks Restitution For Overpayments

June 30, 2014 11:02 am | by KEVIN McGILL, Associated Press | News | Comments

BP wants a federal judge to order restitution — plus interest — of what it says are hundreds of millions of dollars in overpayments to some businesses that claimed losses due to the 2010 Gulf oil spill.                      

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

Economy Continues Upward Trend Despite Global Unrest

June 30, 2014 1:00 am | by American Chemistry Council | Articles | Comments

Measured on a three-month moving average (3MMA), the CAB’s 0.5 percent gain beat the average first quarter monthly gains of 0.3 percent. Though the pace of growth has slowed significantly, gains in June have brought the CAB up a solid 4.3 percent over this time last year.

Lawsuit Challenges Oklahoma Drilling Tax Cut

June 27, 2014 10:41 am | by SEAN MURPHY, Associated Press | News | Comments

A bill approved by the Legislature to adjust Oklahoma's tax on oil and gas production is unconstitutional because it passed in the final days of the session and didn't receive a three-fourths vote in the House and Senate, according to a lawsuit filed with the state Supreme Court.

Virginia Coal Mine Closing, 120 Jobs Lost

June 27, 2014 10:27 am | by Associated Press | News | Comments

More than 120 people are being laid off at an Alpha Natural Resources mine in southwest Virginia amid declining production and demand.                                  

North Dakota Regulators Approve Portion Of Midwestern Pipeline

June 26, 2014 4:52 pm | by Associated Press | News | Comments

North Dakota regulators have approved the construction of a portion of a $2.6 billion pipeline that would move North Dakota oil to Minnesota and Wisconsin.                         

Natural Gas Sinks After Weekly Storage Report

June 26, 2014 4:44 pm | by Associated Press | News | Comments

Natural gas prices were falling to four-week lows after the U.S. government reported a sharp buildup in the country's natural gas storage levels.                             

Jury Awards Gas Blast Victim $20M

June 26, 2014 10:26 am | by Associated Press | News | Comments

Southern California Gas Co. must pay nearly $20 million to a man who was badly injured in a gas explosion, a Los Angeles jury decided Wednesday.                             

West Virginia Mine Idled

June 26, 2014 10:24 am | by Associated Press | News | Comments

Cliffs Natural Resources Inc. plans to temporarily idle its Pinnacle underground mine in southern West Virginia.                                        

Authorities are investigating the discovery of a body at a southwestern Indiana aluminum plant.

Alcoa Drops Nearly $3B On Jet Engine Parts Maker

June 26, 2014 10:20 am | by TOM MURPHY, AP Business Writer | News | Comments

Alcoa is delving deeper into the aerospace industry, spending nearly $3 billion to acquire the British jet engine component company Firth Rixson.                                  

Monsanto Earnings Dip Lower On Biotech Seed Sales

June 25, 2014 10:46 am | by Associated Press | News | Comments

Monsanto said its earnings fell more than 5 percent in the third fiscal quarter on lower sales of biotech seeds, but its performance still topped Wall Street estimates and the company raised its 2014 outlook. It also announced plans to repurchase $10 billion in shares. 

Putin: U.S. Is Trying To Derail Pipeline Plan

June 25, 2014 10:45 am | by Associated Press | News | Comments

The U.S. is trying to derail a project to build a gas pipeline that bypasses Ukraine to supply Europe, according to Russian President Vladimir Putin, after Russian and Austrian energy firms agreed to build the pipeline's western end.

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