Natural gas working inventories on May 30 totaled 1.50 trillion cubic feet (Tcf), 0.74 Tcf (33%) below the level at the same time a year ago and 0.90 Tcf (37%) below the previous five-year average (2009-13).
A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana.
Natural gas wildcatter Aubrey McClendon's American Energy Partners LP has invested $4.25 billion in lease holdings and drilling rights in four states.
Ranging from feedstock such as used antifreeze to applications that include aerospace coatings, ORG CHEM Group has thrived by finding unique and profitable ways to recycle and repurpose what many saw as simply chemical byproducts, or even waste.
Millennial Energy Partners, LLC announced that it has closed Millennial PDP Fund V, LP through a private placement conducted under Regulation D. Millennial has organized Fund V primarily to acquire non-operated oil and gas working interests in various basins throughout the United States.
Manufacturing production continues to outpace overall economic growth and will be led more by investment than by consumer-driven advances over the next 18 months, according to a new report.
DHL Global Forwarding held its first annual U.S. Chemicals Supply Chain Conference last month to discuss the challenges, security and various global economic factors pushing the industry’s growth in Europe and shale gas production in the U.S. Chem.Info sat down with Tim Robertson to talk more about this projected growth and how companies can prepare for it.
Economic activity in the manufacturing sector expanded in May for the 12th consecutive month, and the overall economy grew for the 60th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Sustainable improvement has recently become a buzzword for manufacturers. Change has been implemented, processes updated and teams successfully trained to use them. And yet, somewhere along the way, old habits rear their ugly heads, improvements begin to slip away and managers struggle to motivate a previously enthusiastic workforce.
Greek yogurt maker Chobani is laying off workers at its south-central Idaho plant. Chief marketing and brand officer Peter McGuinness says the plant has hit its production target and is making shift changes Tuesday and Wednesday. Instead of two 12-hour shifts seven days a week, production workers will operate three eight-hour shifts five days a week.
Operating executives looking to produce a wider variety and higher volume of products may think it’s time to expand the plant or invest in new equipment. But in many cases, they can improve their current output from their existing machinery. Learn how faster setup times and improved equipment performance can translate into increased capacity, more flexibility, reduced lead time and costs, and better quality and speed.
Orders to U.S. factories rose for a third consecutive month in April, pushed higher by a surge in demand for military hardware. But a key category that signals business investment plans fell.
Kentucky is not seeking to collect a $20 million judgment the state won in court from a now-bankrupt oil company found to have bilked its customers in a drilling scam.
Marathon Oil is selling its Norwegian business to Det Norske Oljeselskap ASA in a deal valued at about $2.7 billion as it streamlines operations and hones its focus on the U.S.
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.
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 says it will invest $40 million in an expansion at its Fort Smith plant, which manufactures paper plates and other paper products.
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 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.
Gov. Mike Pence is traveling to northern Indiana for what his office calls an economic development announcement involving hundreds of jobs.
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.
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 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.
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 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.