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Texas Plastics Company Relocates To Louisiana

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

The state of Louisiana and Webster Parish are offering incentives valued at $10 million to bring a Texas company and its planned $20 million plant to a site near Springhill.                    

Chevron Searches For Shale Gas In Poland

March 31, 2014 10:46 am | by Associated Press | News | Comments

Poland's gas giant PGNiG says it has signed an agreement with Chevron to jointly hunt for shale gas in southwestern Poland in a move to speed up the exploration.                                  

Persian Gulf Still An Investment Risk

March 31, 2014 10:44 am | by AYA BATRAWY, Associated Press | News | Comments

Despite improvements in regulations and moves to diversify Arab economies away from natural resources, global investors remain wary of doing business in Gulf countries because of regional upheaval and other potentially destabilizing factors, according to a report by The Economist Intelligence Unit released Monday.

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Alaskan LNG Project Moves Forward

March 31, 2014 10:33 am | by BECKY BOHRER, Associated Press | News | Comments

Oil and gas company executives said they're prepared to move into the next phase of pursuing a major liquefied natural gas project under terms of a bill that recently passed the Alaska Senate.

5 Quick Questions: Putting Big Data To Work

March 31, 2014 1:00 am | by Jeff Reinke, Editorial Director | Articles | Comments

What do you do with all that data once it’s available? Steve Wise, the Vice President of Statistical Methods at InfinityQS, recently sat down to discuss the best practices for implementing data-driven software and how manufacturers can most effectively use the information it provides.

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

Cold Weather Won't Keep Chemical Equity Prices Down

March 28, 2014 1:00 am | by American Chemistry Council | Articles | Comments

While winter weather extremes continue to impact the economy, strengthening chemical equity prices drove solid gains in the American Chemistry Council’s monthly Chemical Activity Barometer. March’s reading featured a gain of 0.3% over February, rebounding past the average 0.2% gain in late 2013, and pointing to modest but continued growth in the U.S. economy.

Take Profitability To The Next Level

March 28, 2014 1:00 am | by Anna Wells, Executive Editor, IMPO | Blogs | Comments

Many small manufacturers have good sales records but rarely keep summaries of profitability. For many manufacturers, the focus is a bit more on production, customer service, safety and labor — and a bit less on the margins that take up the white space in between. But it’s hard to just “be profitable” without taking into consideration the millions of variables that contribute to the success or failure of a company...

New Scholarship For Students Of Manufacturing

March 27, 2014 1:20 pm | News | Comments

The Association for Manufacturing Excellence (AME)’s scholarship funding arm, AME Institute, and Kronos Incorporated has announced a new scholarship for students interested in manufacturing careers through the Dr. Sherrie Ford Manufacturing as a Career Path 2014-2015 Scholarship Program.

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Companies To Be Repaid If Drilling Rights Are Rejected

March 27, 2014 10:55 am | by Associated Press | News | Comments

A U.S. Bureau of Land Management official says the government would need to repay $2.6 million to petroleum companies if the U.S. Forest Service decides next year not to allow gas drilling in part of the Wyoming Range.                      

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.           

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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.                                 

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