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California Still Embroiled In Controversy Over Utility Fine

September 8, 2014 9:55 am | by MICHAEL R. BLOOD, Associated Press | News | Comments

The biggest beneficiary of the record $1.4 billion fine levied against Pacific Gas & Electric Co. for a gas line explosion that killed eight people and destroyed dozens of homes in suburban San Francisco is the state of California, which stands to gain $950 million to spend any way it wants.                  

$3B ND Fertilizer Plant Moves Foward

September 8, 2014 9:52 am | by Associated Press | News | Comments

CHS Inc. announced Friday that it is moving forward with a plan to build a $3 billion fertilizer plant near Jamestown, using abundant natural gas from North Dakota's oil patch as a feedstock.                        

ISM: Numbers Up On Strong Demand

September 8, 2014 1:00 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, and the overall economy grew for the 63rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

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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).

Shell Seeks Permits For Moorings Near Plant

September 5, 2014 10:11 am | by Associated Press | News | Comments

Shell Chemical LP has applied for a permit to build two docks and 24 smaller structures to moor barges near the site of its proposed petrochemical plant in western Pennsylvania.                                   

Stocks Flat As Oil Drop Offsets ECB Stimulus

September 5, 2014 10:01 am | by STEVE ROTHWELL, AP Business Writer | News | Comments

A slump in oil prices weighed on the stock market Thursday, pushing the Standard & Poor's 500 index to its third straight loss.                                 

Ruling To Cost BP Extra $18B; Stock Slumps

September 4, 2014 4:42 pm | by JONATHAN FAHEY, AP Energy Writer | News | Comments

A judge's ruling in the 2010 Gulf of Mexico oil spill case that could cost BP an additional $17.6 billion in fines sent the company's shares tumbling.                                       

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.

Judge: Reckless Conduct Caused BP Oil Spill

September 4, 2014 4:27 pm | by MICHAEL KUNZELMAN, JANET McCONNAUGHEY, Associated Press | News | Comments

BP acted "recklessly" and bears most of the responsibility for the nation's worst offshore oil spill, a federal judge concluded Thursday, exposing the energy giant to roughly $18 billion in additional penalties.                                           

Is Fracking The Answer For U.S. Energy?

September 4, 2014 3:27 pm | by CNN | Videos | Comments

Richard Quest and Chris Faulkner CEO of Breitling Energy discuss energy independence in the U.S. and a possible solution.                                               

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Chevron Phillips Chemical Sells Business For $220M

September 4, 2014 9:50 am | by Associated Press | News | Comments

Chevron Phillips Chemical is selling its high-performance engineering polymer business for $220 million.                                             

An ammonia leak and fire have shut down a beef processing plant in eastern Nebraska, but no employees were injured.

90 Laid Off In Pennsylvania Processing Plant Sale

September 4, 2014 9:45 am | by Associated Press | News | Comments

Ninety employees of a northeastern Pennsylvania plant will be laid off as part of a deal expected to become final in the first half of next year.                                      

PG&E To Appeal Blast Penalty

September 3, 2014 4:32 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

Pacific Gas & Electric Co. says it plans to appeal a $1.4 billion penalty recommended by California regulatory judges for a gas pipeline explosion in a San Francisco suburb that killed eight people.                      

Factory Orders Up By Record Percentage

September 3, 2014 4:12 pm | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

Business orders for U.S. factory goods shot up by a record amount in July, reflecting a surge in demand in the volatile category of commercial aircraft.                            

Portland Reaches Propane Terminal Deal

September 3, 2014 10:07 am | by GOSIA WOZNIACKA, Associated Press | News | Comments

The Port of Portland said it has reached an agreement with a company that wants to build a terminal to temporarily house propane imported by rail from Canada then exported by ship to Asia.                               

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Australian Company Buys $16M in Tintina Shares

September 3, 2014 9:58 am | by Associated Press | News | Comments

An Australian mining company has offered to purchase a controlling share of Tintina Resources Inc., the company that proposes a copper mine in central Montana.                              

Stillwater Scales Back Work At Canadian Mine Site

September 3, 2014 9:44 am | by Associated Press | News | Comments

Stillwater Mining Co. is further scaling back work on a proposed precious metals and copper mine in Canada.                                                   

Halliburton Reaches $1.1B Oil Spill Settlement

September 2, 2014 10:11 am | by Associated Press | News | Comments

Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.                                   

Pembina Buys Vantage Pipeline For $650M

September 2, 2014 10:10 am | by Associated Press | News | Comments

Pembina Pipeline Corp. is buying the Vantage pipeline system and Mistral Midstream Inc.'s interest in the Saskatchewan ethane extraction plant for $650 million.                                       

U.S. manufacturing barely expanded last month, in part because cold weather delayed shipments of raw materials and caused some factories to shut down.

Leaders Seek Manufacturing Revival

September 2, 2014 10:07 am | by RON BARTIZEK, (Wilkes-Barre) Times Leader | News | Comments

On Labor Day 2014, workers in Northeastern Pennsylvania faceed a job market that has changed considerably over the past several years, while some employers say they can't find new hires with the skills and work habits they need. The mismatch is reflected in an unemployment rate that, while down substantially since the end of the Great Recession, has remained the highest in the state for more than four years.

Why American Manufacturing Is Vital To Future Prosperity

September 2, 2014 1:00 am | by Hillary Schaub and Darrell M. West, Brookings | Blogs | Comments

At the 3rdannual John White, Jr. Forum on Public Policy the topic was Regional Manufacturing Hubs in the US, and we heard from a number of different experts. As noted in a recent White House report, the manufacturing industry is growing, but there is still much work to be done.

Argentina & Malaysia Reach $550M Shale Deal

August 28, 2014 3:59 pm | by Associated Press | News | Comments

Argentina has reached a deal with Malaysian national oil company Petronas to help develop what is believed to be among the largest shale oil deposits in the world.                                       

Natural Gas Liquids Challenge Oil As Petrochemical Feedstock In North America

August 28, 2014 3:46 pm | by IHS | News | Comments

The increasing use of cost-advantaged natural gas liquids as a feedstock by North American petrochemical producers means that less propylene is being produced as a co-product by the region’s steam crackers. This trend is driving greater global need for on-purpose production of propylene, which is a key chemical building block second in demand only to ethylene, according to new research.

Gas Prices Fall Heading Into Labor Day

August 28, 2014 3:29 pm | by U.S. Energy Information Administration | News | Comments

The U.S. average retail price for regular gasoline was $3.45/gallon (gal) this past Monday, the lowest price on the Monday before Labor Day since 2010.                              

Rail Oil Deliveries Increase Through 2014

August 28, 2014 10:16 am | by U.S. Energy Information Administration | News | Comments

The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013.                     

DuPont Fined $1.3M Over WV Chemical Leaks

August 28, 2014 10:00 am | by JOHN RABY, Associated Press | News | Comments

DuPont will pay a fine of $1.275 million to settle a federal complaint over eight chemical releases from a Kanawha County production facility, one of which killed a worker.                       

Alaska Voters Reject Petroleum Tax Repeal

August 28, 2014 9:57 am | by DAN JOLING, Associated Press | News | Comments

Alaska voters have retained a new petroleum production tax system that offers hope of increased investment and jobs but drew criticism as a giveaway to already profitable oil companies.                           

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