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Domestic Production Satisfies 84% Of 2013 Energy Demand

June 2, 2014 9:55 am | by U.S. Energy Information Administration | News | Comments

The portion of U.S. energy consumption supplied by domestic production has been increasing since 2005, when it was at its historical low point (69%). Since 2005, production of domestic resources, particularly natural gas and crude oil, has been increasing as a result of the application of technologies that can develop harder-to-produce resources.

The Impact Of Consumer IT Trends On Manufacturing Software

June 2, 2014 1:00 am | by Greg Goodwin, LNS Research | Blogs | Comments

It's a multi-tasking world and the line between work and personal activities is becoming fuzzy, with technology at least partly to blame. More and more of our everyday activities have incorporated interactive displays, live feeds and Internet accessibility, and, in addition to changing the way we relate to each other and navigate the consumer market, it’s having a noticeable effect on enterprise operations.

Georgia-Pacific Announces $40M Expansion

May 30, 2014 9:26 am | by Associated Press | News | Comments

Georgia-Pacific says it will invest $40 million in an expansion at its Fort Smith plant, which manufactures paper plates and other paper products.                                

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

Solid Market Rebound, Expansion Expected To Continue

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

The Chemical Activity Barometer has reached its highest peak since February 2008, while also posting its highest year over year gain since September 2010. The CAB realized a healthy 0.8 percent gain over April, and is up a solid 4.1 percent over this time last year. The data reflect upward revisions for the previous five months, suggesting more than just a rebound from the adverse winter months.

Goodyear Plans $500M American Tire Plant

May 29, 2014 4:56 pm | by Associated Press | News | Comments

Goodyear says it will spend $500 million to build a new tire plant that will produce about 6 million tires a year for Goodyear's North American and Latin America customers.                           

Alcoa Howmet Expands In Indiana

May 29, 2014 10:19 am | by Associated Press | News | Comments

Gov. Mike Pence is traveling to northern Indiana for what his office calls an economic development announcement involving hundreds of jobs.                                    

Exxon: Sanctions Not Hurting Operations In Russia

May 29, 2014 10:17 am | by DAVID KOENIG, AP Business Writer | News | Comments

U.S. sanctions over Russia's annexation of Crimea have targeted close associates of Russian President Vladimir Putin, including the president of Russia's largest oil company, Rosneft, but not the company itself. Exxon has an exploration and production agreement with Rosneft in the Russian arctic and Siberia.

Manufacturing Gains Offer Encouraging News

May 29, 2014 9:59 am | 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.

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

Spray Foam Coalition Comments On California "Priority Products List" Workshop

May 29, 2014 9:54 am | by American Chemistry Council | News | Comments

The California Department of Toxic Substances Control’s (DTSC) Safer Consumer Products Program held a public workshop in Oakland to gather input on  the initial Priority Products list before the official rulemaking process begins.                

U.S. Petroleum Product Exports To Mexico Rise

May 28, 2014 10:44 am | by U.S. Energy Information Administration | News | Comments

In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline, distillate fuel oil, and liquefied petroleum gases.                                      

KBR Wins Maersk Oil FEED Contract

May 28, 2014 10:33 am | by ERIC TUCKER, Associated Press | News | Comments

KBR has announced that it has been awarded a contract by Maersk Oil for topsides front end engineering and design (FEED) for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the Culzean discovery.

Koch Industries Buys PetroLogistics For $2.1B

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

Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.

Top 10 Highest Paid CEOs

May 27, 2014 11:12 am | by Associated Press | News | Comments

The processing industries hold strong near the top of the highest paid CEO's list for 2013.                                                     


Full Steam Ahead For Pennsylvania Potato Chip Plant

May 27, 2014 11:10 am | by JIM MARTIN, Erie Times-News | News | Comments

The company is moving ahead quickly with plans for the former Troyer Farms plant in Waterford Township. Walls are going up, millions of dollars' worth of equipment stands ready to be installed, and a job fair has been scheduled for Wednesday at Boston's Restaurant & Sports Bar in Summit Township.

Vireol Ethanol Up And Running

May 27, 2014 11:05 am | by Associated Press | News | Comments

An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.                                         

Concerns Abound Over Increased West Coast Oil Trains

May 27, 2014 10:53 am | by GOSIA WOZNIACKA, Associated Press | News | Comments

Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long.      

Jury Awards $5M In Coal Contract Dispute

May 27, 2014 10:37 am | by Associated Press | News | Comments

A Southwest Virginia jury has awarded $5 million to a defunct coal company and its owner in their long-running legal battle with Massey Energy over a coal supply contract.                             

GE-Hitachi Closing PA Plant

May 23, 2014 10:14 am | by Associated Press | News | Comments

GE-Hitachi is closing a western Pennsylvania plant that makes storage containers for spent nuclear fuel rods, idling 134 employees who still work there.                    

Oklahoma House Approves Drilling Tax Incentive

May 22, 2014 5:06 pm | by Associated Press | News | Comments

The Oklahoma House has approved a bill to adjust and make permanent a generous tax incentive for oil and gas production in the state.                                   

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

U.S. Chemical Production Up In April

May 22, 2014 11:57 am | by American Chemistry Council | News | Comments

According to the American Chemistry Council (ACC), following a 0.2 percent gain in March, the U.S. Chemical Production Regional Index (U.S. CPRI) was 0.6 percent higher in April. All seven regions grew in April.                  

Unilever Offloads Ragu & Bertolli

May 22, 2014 10:24 am | by Associated Press | News | Comments

Unilever PLC says it has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan's Mizkan Group for $2.15 billion.                                      

Marathon Petroleum Acquires Hess Stations For $2.87B

May 22, 2014 10:20 am | by Associated Press | News | Comments

Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.                    

U.S. Firms Give $2B Oil Loan To Venezuela

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

Venezuela's state oil company PDVSA has secured a $2 billion credit line from several energy service companies, including U.S.-based Halliburton and Schlumberger.                                 

Manufacturers Weigh In On Big Data

May 22, 2014 1:00 am | by Greg Goodwin, LNS Research | Articles | Comments

In the considering Big Data, as well as other emerging trends like mobility, cloud technology and how to implement metrics programs that drive the most performance improvement, LNS Research teamed up with MESA International to create the ‘Metrics that Matter’ survey. With over 200 responses, it aims to identify the ways leading manufacturers are approaching these and other manufacturing technologies and initiatives.

China Signs 30 Year Deal For Russian Gas

May 21, 2014 10:52 am | by LOUISE WATT, VLADIMIR ISACHENKOV, Associated Press | News | Comments

China signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.                       

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