Subscribe to Business
View Sample

FREE Email Newsletter

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.

North Dakota Pushes For More Pipelines

June 25, 2014 10:33 am | by JAMES MacPHERSON, Associated Press | News | Comments

Gov. Jack Dalrymple urged industry and government officials to build more pipelines to keep pace with the breakneck speed of North Dakota's oil production.                               


Kevlar Vest Hits 1 Million Milestone

June 24, 2014 11:01 am | by DuPont | News | Comments

DuPont Protection Technologies announced that over one million bullet-resistant vests made with DuPont™ Kevlar® XP™ have been sold globally since the advanced material was launched at Eurosatory in 2008.                  

50th Anniversary Of The LNG Tanker

June 24, 2014 10:57 am | by U.S. Energy Information Administration | News | Comments

The world's first purpose-built liquefied natural gas (LNG) carrier, the Methane Princess, entered service 50 years ago, in June 1964. Since then, the global LNG carrier fleet has grown to include 357 ships, with an average capacity of 150,000 cubic meters of LNG per ship (approximately 3,300 million cubic feet (MMcf) of natural gas), more than five times larger than the capacity of the Methane Princess.

Hi-Crush Partners LP Announces Long-Term Frac Sand Purchase Agreement

June 24, 2014 10:39 am | by Associated Editor | News | Comments

Hi-Crush Partners LP, or Hi-Crush, announced the entry into a new long-term frac sand purchase agreement between Hi-Crush Operating LLC, a subsidiary of Hi-Crush, and Halliburton Energy Services, Inc., or Halliburton, which amends and restates the existing supply agreements between Hi-Crush and its affiliates and Halliburton.

Oil Price Steady As Investors Eye Iraq

June 24, 2014 10:27 am | by Associated Press | News | Comments

The price of oil was steady Tuesday as investors monitored the insurgency roiling Iraq for any signs it could affect its oil production and exports.                                     

Significant Hydrocarbon Discovery In Siberia

June 24, 2014 10:25 am | by Associated Press | News | Comments

Spanish energy company Repsol has announced what it says is a significant hydrocarbon discovery in a relatively unexplored part of West Siberia.                                  

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).

Fishermen Reject Shell's $50M Oil Spill Payout

June 23, 2014 10:58 am | by MICHELLE FAUL, Associated Press | News | Comments

Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for "some of the largest oil spills in history," their British lawyers said after winning a landmark court ruling.                  

U.S. Rig Count On The Rise

June 23, 2014 10:54 am | by Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by four this week to 1,858.                                       

Alstom: GE Deal Will Save Jobs

June 23, 2014 10:45 am | by Associated Press | News | Comments

Alstom's chief executive says the French heavy engineering firm's agreement to sell off most of its power generation business to U.S. rival General Electric Co. will save jobs and protect France's national interests.                      

Asia Still Dominates Chemical Demand & Production Growth

June 20, 2014 1:00 am | by IHS | News | Comments

Global spending on chemical production capacity additions will peak in 2014 at $120 billion and then begin to decline, according to analysis from IH. Asia, and China in particular, long the epicenter of global chemical supply and demand, will remain the dominant global force for chemicals beyond 2020.

The Spark Of Innovation: Zippo Manufacturing

June 20, 2014 1:00 am | by USCC | Videos | Comments

They roll off the assembly belt like little bars of burnished gold. The Zippo windproof lighter has remained virtually unchanged over the last 77 years. But the company behind the Zippo lighter has accomplished the near impossible — the company has grown and adapted to today's fickle market while remaining a steadfast American icon.

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 Begins Multi-Billion Dollar Expansion In Texas

June 19, 2014 1:33 pm | by ExxonMobil | News | Comments

ExxonMobil Chemical Company announced that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu.                  

Former Hostess Plant For Sale

June 18, 2014 4:35 pm | by Associated Press | News | Comments

A former industrial bakery in Biddeford, Maine is for sale for $8.45 million. Flower Foods acquired the bakery last year and is selling the plant and eight other bakeries and 21 depots across the country.               

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.