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Oil Company Sues Utah County Over Pipeline Rules

July 28, 2014 10:17 am | by Associated Press | News | Comments

A Texas oil company is suing a Utah county over its new ordinances imposing restrictions on underground pipelines.                                        

Airgas Profit Rises 4.9%

July 24, 2014 2:40 pm | by Associated Press | News | Comments

The Radnor, Pennsylvania-based company said profit increased to $88.9 million, or $1.18 per share, from $84.7 million, or $1.14 per share, in the same quarter a year earlier.                   

Noble Energy Profit Falls Almost 50%

July 24, 2014 2:33 pm | by Associated Press | News | Comments

Noble Energy Inc. (NBL) reported earnings that decreased by 49 percent in its second quarter and beat analysts' expectations.                                     

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China and Russia To Lead Global Polypropylene Capacity Additions By 2018

July 24, 2014 2:27 pm | by GlobalData | News | Comments

Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2% from 2003, reaching 65 million tons per year (mmty) in 2013, and is expected to continue rising to 86 mmty by 2018, at a slightly higher CAGR of 5.8%, according to research and consulting firm GlobalData.

3M Q2 Profit Rises

July 24, 2014 9:59 am | by Associated Press | News | Comments

The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share, in the quarter ending June 30, compared with $1.2 billion, or $1.71 per share, in the same quarter a year ago.                    

U.S. Refineries Running At Record Levels

July 24, 2014 9:55 am | by U.S. Energy Information Administration | News | Comments

Last year was the third year in a row that North American refineries showed considerably higher profitability than European refineries as measured by earnings per barrel processed.                           

Breitburn Buys QR Energy For $1.46B

July 24, 2014 9:44 am | by Associated Press | News | Comments

QR unitholders will receive approximately 72 million common units of Breitburn Energy Partners LP, or 0.9856 of a Breitburn unit, for each unit of QR Energy that they own. The consideration to be received by QR unitholders is valued at $22.48 per unit, a 19 percent premium to Wednesday's closing price of $18.87.

Combating The Talent Gap With Targeted Training

July 24, 2014 1:00 am | by Jeannine Kunz, Managing Director of Workforce and Education, SME | Articles | Comments

The demand for skilled workers has never been higher as manufacturers struggle to find the talented workforce needed to fill jobs currently available. To combat the talent gap and build a high-performance team, some are increasingly turning to competency models – a structured system to develop the needed knowledge, skills and abilities for specific jobs.  

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

Economic Expansion Tempered By Uncertainty

July 24, 2014 1:00 am | by American Chemistry Council | Articles | Comments

The Chemical Activity Barometer (CAB posted a 0.4 percent increase over June, as measured on a three-month moving average (3MMA). Uncertainty in global energy markets kept the non-adjusted barometer at a slow 0.1 percent gain in June, but provisional data suggest there is room for further expansion in coming months. 

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

U.S. Chemical Production Higher In June

July 23, 2014 5:14 pm | by American Chemistry Council | News | Comments

According to the American Chemistry Council (ACC), following an upwardly revised 0.5 percent gain in May, the U.S. Chemical Production Regional Index (U.S. CPRI) continued to expand, rising by 0.3 percent in June. Chemical output was higher in all regions.

Oil Gains On Sharp Drop In U.S. Supplies

July 23, 2014 4:54 pm | by Associated Press | News | Comments

The price of oil rose Wednesday after the government reported that U.S. oil supplies rose more than expected.                                              

Dow Chemical Adjusted Profit & Revenue Rise

July 23, 2014 9:59 am | by Associated Press | News | Comments

Dow Chemical's second-quarter net income slid 62 percent as the prior-year period benefited from a $2.16 billion payment related to a scrapped joint venture.                             

The EPA's Twitter Faux Pas

July 22, 2014 4:58 pm | by DINA CAPPIELLO, Associated Press | News | Comments

The Environmental Protection Agency's fight to clean up water pollution got a splash of pop culture, thanks to an Internet flub involving reality TV star Kim Kardashian.                                        

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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 Will Follow Anti-Bias Rules

July 22, 2014 4:46 pm | by Associated Press | News | Comments

Exxon Mobil Corp. says it will comply with new protections for gay and transgender employees required of federal contractors, but isn't saying whether it will formalize that wording in its corporate policies.                    

Energy Intelligence Report

July 22, 2014 4:40 pm | by IMPO Magazine | Digital Editions | Comments

This issue of IMPO focuses on improving energy efficiency in your facility, takes you inside KitchenAid's stand mixer factory and discusses the best uses for mobility in a manufacturing setting.

Arch Coal Idles Kentucky Mine

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

Arch Coal says it is idling the Cumberland River Coal Company complex in Wise County, Virginia, and Letcher County, Kentucky.                                     

Natural Gas Falls To 8-Month Low

July 22, 2014 10:08 am | by Associated Press | News | Comments

Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal.                             

DuPont 2Q Profit Climbs 3.9%

July 22, 2014 10:07 am | by Associated Press | News | Comments

DuPont said profit increased to $1.07 billion, or $1.15 per share, from $1.03 billion, or $1.11 per share, in the same quarter a year earlier.                                            

Canadian Firm Buys PBS Coals Inc.

July 22, 2014 10:05 am | by Nikita Ernst, Associate Editor | News | Comments

A Canadian company is buying PBS Coals Inc. and plans to merge it with another subsidiary the Canadian company already has in southwestern Pennsylvania.                          

Is ‘Low-Cost’ Manufacturing Headed To The U.S. Next?

July 22, 2014 1:00 am | by Joel Hans, Managing Editor, Manufacturing.net | Blogs | Comments

The U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second and China falling behind. It’s a far cry from the trends over the last few decades and because it’s a rather extraordinary claim, it deserves a little more examination.

WIPP Operator Received Large Bonus After Accident

July 21, 2014 10:50 am | by Associated Press | News | Comments

The contractor that operates the federal government's underground nuclear waste dump in southeastern New Mexico received a $1.9 million bonus just five days after an underground truck fire closed the facility.              

Halliburton Q2 Profits Rise, Boost Buyback

July 21, 2014 10:34 am | by Associated Press | News | Comments

Halliburton Co. (HAL) said Monday that its second-quarter earnings rose 20 percent, and it raised its share buyback authorization to $6 billion.                                

Diamondback Energy Buys Oil & Gas Assets For $538M

July 21, 2014 10:20 am | by Associated Press | News | Comments

The acquisition, which is expected to close in September, will give Diamondback an additional 13,136 net acres in the Midland Basin, bringing its total to 85,000 net acres.                                   

Chinese Chemical Company Comes To Louisiana

July 18, 2014 10:14 am | by Associated Press | News | Comments

A China-based company is opening a methanol manufacturing facility on the Mississippi River in St. James Parish that's expected to create 350 to 400 permanent jobs.                        

3M Buys Subsidiary Stake For $885M

July 16, 2014 10:51 am | by Associated Press | News | Comments

3M will take full control of its Sumitomo subsidiary by acquiring the 25 percent of the company that it doesn't already own for $885 million.                                 

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