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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

Exxon Mobil Announces First Production From Damar Gas Development

February 18, 2014 9:50 am | by Exxon Mobil | News | Comments

Exxon Mobil Corporation today announced the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia.                                 

Nothing affects productivity as dramatically as essential equipment downtime and while most manufacturers have comprehensive equipment maintenance and service programs in place to minimize downtime and quickly restore equipment to service when downtimes d

Productivity Plagued By Power Quality Problems

February 17, 2014 1:51 pm | by Ben Grimes, Chief Technology Officer, Innovolt | Articles | Comments

Nothing affects productivity as dramatically as equipment downtime. While most manufacturers have comprehensive maintenance and service programs to minimize downtime and quickly restore equipment to service, the vast majority pay little attention to a problem that causes 30 to 40 percent of business downtime: power quality fluctuations.

18M Farmers Chose Biotech Crops In 2013

February 17, 2014 1:00 am | by International Service for the Acquisition of Agri-Biotech Applications | News | Comments

The International Service for the Acquisition of Agri-Biotech Applications released a report which indicates more than 18 million farmers in 27 countries planted biotech crops in 2013, reflecting a five million, or three percent, increase in global biotech crop hectarage.

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Chemical M&A Expected To Keep Rising

February 17, 2014 1:00 am | by Deloitte Touche Tohmatsu Limited | News | Comments

Mergers and acquisitions (M&A) activity in 2014 for the global chemical industry will likely increase due to downstream value-added opportunities, continued strength in specialty chemicals, and portfolio realignments in North America. 

Chemicals mergers and acquisitions (M&A) activity in the fourth quarter of 2013 saw a large uptick that helped level off 2013 overall deal volume and value, largely in part due to divestitures and mega deals – those valued at more than $1 billion, accordi

Chemical M&A Boosted In Q4

February 17, 2014 1:00 am | by PwC US | Articles | Comments

Chemicals mergers and acquisitions (M&A) activity in the fourth quarter of 2013 saw a large uptick that helped level off 2013 overall deal volume and value, largely due to divestitures and mega deals.

Steel Coke Plant Recognized For Outstanding Safety

February 17, 2014 1:00 am | by AK Steel | News | Comments

AK Steel announces that the company's Middletown (OH) Works coke plant has received the Max Eward Safety Award from the American Coke and Coal Chemicals Institute (ACCCI), a leading industry trade organization. The award recognizes the company for operating one of the safest cokemaking facilities in America during 2013. 

Residents Sue Comstock Mining Inc.

February 16, 2014 11:03 pm | by Associated Press | News | Comments

A group of residents is suing Lyon County commissioners and a mining company over a decision that it fears could pave the way for mining expansion close to Silver City, about 30 miles southeast of Reno.            

TVA To Open $1B Gas Plant

February 16, 2014 10:58 pm | by Associated Press | News | Comments

The Tennessee Valley Authority is hoping to open a $1 billion gas plant within three years in western Kentucky to replace its two oldest coal-fired facilities.

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NC Governor Denies Duke Coal Ash Deal Involvement

February 16, 2014 10:50 pm | by MICHAEL BIESECKER, Associated Press | News | Comments

North Carolina Gov. Pat McCrory denied he had any talks with Duke Energy executives or lobbyists about his administration's scuttled deal to settle environmental violations at two of the $50 billion company's coal ash dumps for $99,000.

Saving Energy & Money With The Better Plants Challenge

February 14, 2014 3:50 pm | by U.S. Department of Energy | Videos | Comments

Check out this video profile of Alcoa and ArcelorMittal, participants in the U.S. Department of Energy's Better Plants Challenge, to see how through the program companies have increased recycling efforts, dramatically reduced emissions and saved almost $20 million dollars a year in energy costs.

Billions Of Petrodollars Missing In Nigeria

February 14, 2014 2:15 pm | by Associated Press | News | Comments

Nigeria's Senate is ordering a forensic audit to track down billions of missing petrodollars after the Central Bank reported that nearly $50 billion worth of oil sold by the state oil corporation had not been paid to the government.

Near-Shoring At Supply Chain & Transportation USA

February 14, 2014 12:50 pm | by Supply Chain & Transportation USA | News | Comments

Near-shoring is just one of many hot topics to be discussed at the inaugural Supply Chain & Transportation USA Exhibition & Conference, March 17-20, at the Georgia World Congress Center, Atlanta, GA.               

A federal appeals court on Thursday reinstated a shareholders lawsuit filed against BP Alaska in the wake of two oil spills in 2006 on the North Slope that exposed problems with the company's pipeline maintenance program.

Appeals Court Reinstates BP Shareholders' Lawsuit

February 14, 2014 10:31 am | by MARK THIESSEN, Associated Press | News | Comments

A federal appeals court on Thursday reinstated a shareholders lawsuit filed against BP Alaska in the wake of two oil spills in 2006 on the North Slope that exposed problems with the company's pipeline maintenance program.                  

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Oil Dips, Natural Gas Soars

February 14, 2014 10:28 am | by Associated Press | News | Comments

The price of oil barely budged Thursday. But natural gas futures soared and U.S. drivers again saw higher numbers at the gas pump.                           

Natural Gas Jumps 8% Following Pax

February 14, 2014 1:00 am | by Associated Press | News | Comments

Natural gas prices moved sharply higher Thursday after a winter storm hit much of the Eastern United States. Natural gas futures rose 40 cents, or 8.3 percent, to $5.22 per 1,000 cubic feet.

10 Supply Chain Initiatives Changing How Companies Conduct Commerce

February 13, 2014 3:45 pm | by Elemica | Articles | Comments

The 2014 resolutions of process industry clients focus across a variety of initiatives, like building more robust technology infrastructures, automating business processes, or improved collaboration with trading partners. These initiatives ultimately point to the same goal - a real competitive advantage. 

Dow Rebuffs Third Point

February 12, 2014 10:54 am | by Associated Press | News | Comments

Dow Chemical is rejecting a push by a major shareholder to break off its petrochemicals division.                                          

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 Announces Spending Plan For Alaska

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

The president of BP Alaska says the company plans to boost its capital spending in the state from just under $900 million last year to $1.2 billion this year.

5 Ways China's Slowdown Will Ripple Across Globe

February 11, 2014 11:02 am | by Joe McDonald, AP Business Writer | News | Comments

The reaction was slow in coming, but financial markets and corporate bosses have been jolted awake to China's relentless growth decline and are scrambling to cope with wrenching changes in global business.                             

Boardwalk Pipeline Shares Fall

February 10, 2014 11:18 am | by Associated Press | News | Comments

Shares of Boardwalk Pipeline plunged more than 36 percent Monday following disappointing fourth-quarter results and after it slashed its quarterly distribution.

Aleris Buys Nichols Aluminum

February 10, 2014 11:15 am | by Associated Press | News | Comments

Aleris is buying Nichols Aluminum LLC for $110 million in cash. Nichols Aluminum produces aluminum sheet for the North American transportation, building and construction, machinery and equipment, consumer durables, and electrical industries.

Amphenol Corporation has completed the acquisition of the Advanced Sensors business from GE. The acquisition of The Advanced Sensors business, including the entire product portfolio, will operate as part of Amphenol Corporation under the name of Amphenol

Amphenol Acquires GE Advanced Sensors

February 10, 2014 10:13 am | by Amphenol Advanced Sensors | News | Comments

Amphenol Corporation has completed the acquisition of the Advanced Sensors business from GE. The acquisition of The Advanced Sensors business will operate as part of Amphenol Corporation under the name of Amphenol Advanced Sensors.

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

Weekly Economic Report

February 7, 2014 1:25 pm | by American Chemistry Council | News | Comments

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

Weighing The Effects Of North Pole Refinery Closure

February 7, 2014 11:28 am | by Associated Press | News | Comments

Public officials in Fairbanks are assessing effects from closure of the North Pole Refinery by June 1. North Pole Mayor Bryce Ward tells the Fairbanks Daily News-Miner that Flint Hills Resources accounts for roughly one-third of the city property tax base.

Washington Considers Ending Refinery Tax Breaks

February 7, 2014 11:04 am | by MIKE BAKER, Associated Press | News | Comments

Washington lawmakers considered a plan Thursday that would eliminate a decades-old tax break now used by oil refineries to save millions of dollars each year.                                 

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