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Tight Oil Production Pushes U.S. Supply Over 10% Of World Total

March 27, 2014 10:47 am | by U.S. Energy Information Administration | News | Comments

U.S. tight oil production averaged 3.22 million barrels per day in the fourth quarter of 2013, according to U.S. Energy Information Administration estimates.                                     

Mississippi Senate Approves Anti-Union Bills

March 27, 2014 10:41 am | by JEFF AMY, Associated Press | News | Comments

Bills that aim to restrict union organizing and picketing practices in Mississippi, as well as limit governments' abilities to pressure employers to use unionized workers, are on their way to Gov. Phil Bryant.                       

Vancouver Oil-Transfer Terminal Finds Little Love

March 25, 2014 4:20 pm | by Associated Press | News | Comments

The Columbian newspaper reports at least 30 people testified during Tuesday's meeting of the Port's board of commissioners, with almost all concerned about safety and environmental risks. The testimony came a week after a majority of Vancouver City Council members opposed the project.

Ohio Environmental Protection Agency records show 13 of the 18 have expired since Republican Gov. John Kasich took office in 2011, or about a quarter of the 49 issued to coal facilities.

Driller Tax Hike Dispute Continues

March 25, 2014 11:00 am | by JULIE CARR SMYTH, AP Statehouse Correspondent | News | Comments

The administration of Republican Ohio Gov. John Kasich is differing with legislative budget analysts on how much a proposed tax increase on big oil-and-gas drillers will generate, as the two sides move toward a compromise this week.           

Brookfield Renewable Energy Buys Wind Portfolio

March 25, 2014 10:57 am | by Associated Press | News | Comments

Brookfield Renewable Energy Partners LP is buying the wind power portfolio of Ireland's Bord Gais Energy for up to about $280 million.                                 

Oil Exec Held Under House Arrest In Mexico

March 25, 2014 10:31 am | by MARK STEVENSON, Associated Press | News | Comments

The executive is being held under a form of house arrest that allows authorities to hold him for up to 40 days without charges, Attorney General Jesus Murillo Karam said. He said authorities had found evidence of wrongdoing but they continue to investigate.

Inexpensive Natural Gas Is Boosting Manufacturing Jobs

March 25, 2014 10:21 am | by The United States Conference of Mayors | News | Comments

Unveiled by key members of USCM's Advanced Manufacturing Task Force, the Impact of the Manufacturing Renaissance from Energy Intensive Sources shows how the new availability of inexpensive natural gas has ignited the steel, iron, fabricated metals and machinery manufacturing industries as well as those of plastic, rubber, resin and organic chemicals.

Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around an unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more on

The Misconception Of Manufacturing Decline

March 25, 2014 1:00 am | by Tia Nowack, Associate Editor, IMPO | Blogs | Comments

Even in our turbulent global economy, the popular idea of declining farms and factories is largely unfounded. UN and World Bank data show that food and manufacturing output are growing everywhere, but remain hidden by the faster-growing services sector. 


New Vice President Announced At Corning Inc.

March 24, 2014 11:09 am | by Associated Press | News | Comments

Corning Incorporated announced today that Eric S. Musser, 55, has been elected executive vice president of Corning Technologies and International. Musser will oversee Corning Environmental Technologies, Corning Life Sciences, Corning International, and Global Manufacturing and Quality organizations.

Valero Buys Indiana Ethanol Plant

March 24, 2014 10:47 am | by Associated Press | News | Comments

Valero Renewable Fuels plans to begin production soon at an idled ethanol plant it has purchased at an Indiana port on the Ohio River, a spokesman said.                                  

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

U.S. Chemical Production Expanded In February

March 24, 2014 9:56 am | by American Chemistry Council | News | Comments

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) grew 0.3 percent in February.                                  

Consol Energy Promotes DeIuliis To CEO

March 21, 2014 10:37 am | by Associated Press | News | Comments

Consol Energy Chairman and CEO J. Brett Harvey is shifting to executive chairman of the coal and natural gas company. President Nicholas DeIuliis is being promoted to CEO.

Arkansas Real Estate Booms After Plant News

March 21, 2014 10:35 am | by Associated Press | News | Comments

Real estate agents in northeast Arkansas say they're seeing more business after last week's announcement that a $165 million poultry operation is headed to the area.                              

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 Wins 24 Bids In Gulf Oil Sale

March 20, 2014 10:29 am | by JANET McCONNAUGHEY, Associated Press | News | Comments

High bids from Freeport-McMoRan Oil & Gas LLC made up more than one-third of the $850.8 million total at Wednesday's federal oil lease sale for the central Gulf of Mexico. It also was the first sale since the government said BP PLC can again secure federal contracts; the company made $41.6 million in high bids.

AK Senate Passes Gas Project Bill

March 19, 2014 11:11 am | by BECKY BOHRER, Associated Press | News | Comments

The Alaska Senate on Tuesday passed legislation aimed at advancing a major liquefied natural gas project, over nagging concerns about the role of TransCanada Corp.                     

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 Makes 31 Bids On Gulf Oil Lease Sale

March 19, 2014 11:09 am | by Associated Press | News | Comments

In the first federal oil lease sale since the government said BP PLC can again get federal contracts, BP has bids on 31 tracts in the central Gulf of Mexico.                                 

Q&A: The FDA And Mandatory Recalls

March 19, 2014 1:00 am | by Joel Hans, Managing Editor, | Articles | Comments

With more news about food and beverage recalls, there’s a growing concern that the industry won’t be able to keep up with new regulation that allows the FDA to trigger mandatory recalls for food distributors. In order to get some more details on the rules and how companies are going to deal with the changes, we got in touch with Joe Scioscia, vice president of sales for VAI.

ND Entices Workers

March 18, 2014 10:40 am | by JAMES MacPHERSON, Associated Press | News | Comments

Hoping to attract workers to fill more than 25,000 jobs, Lt. Gov. Drew Wrigley and the North Dakota Economic Development Foundation unveiled a "Find the Good Life in North Dakota" campaign at the state Capitol in Bismarck.                         

Toyota Shuts Down 2 India Plants In Wage Lockout

March 17, 2014 11:13 am | by Associated Press | News | Comments

Toyota said Monday it has shut down production at its two auto-assembly plants in India, locking out 6,400 workers amid testy wage negotiations and allegations of threats against management.

Clayton Williams Energy Sells $71M In Wells & Leases

March 17, 2014 11:01 am | by Associated Press | News | Comments

The Midland-based oil and gas company announced it closed the sale on select holdings in Wilson, Brazos, La Salle, Frio and Robertson counties.                           

U.S. Factory Output Up In February

March 17, 2014 10:59 am | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Last month, manufacturers produced more cars, home electronics and chemicals.

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).

Undersea Leak Closes Shell Nigeria Terminal

March 17, 2014 10:54 am | by Associated Press | News | Comments

The biggest oil producer in Nigeria refused to say how many thousands of barrels of exports are affected by the closure.                                        

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 Regains Government Contracts

March 14, 2014 10:49 am | by DINA CAPPIELLO, Associated Press | News | Comments

Under an agreement reached Thursday with the U.S. Environmental Protection Agency, more than two dozen BP entities and its Houston-based oil production and exploration arm can secure new government contracts.                      

Waste Isolation Pilot Plant President Demoted

March 14, 2014 10:36 am | by JERI CLAUSING, Associated Press | News | Comments

Farok Sharif has been replaced by Bob McQuinn as president and project manager of the Nuclear Waste Partnership, said URS Corp., the contractor that runs the underground dump for the U.S. Department of Energy.                   

Bed Bath & Beyond Asks Vendors To Cut Chemicals

March 14, 2014 10:22 am | by Associated Press | News | Comments

Home decor retailer Bed Bath & Beyond is asking its vendors to voluntarily cut down use of some harmful chemicals in their products.                                         

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