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.
Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.
The processing industries hold strong near the top of the highest paid CEO's list for 2013.
The company is moving ahead quickly with plans for the former Troyer Farms plant in Waterford Township. Walls are going up, millions of dollars' worth of equipment stands ready to be installed, and a job fair has been scheduled for Wednesday at Boston's Restaurant & Sports Bar in Summit Township.
An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.
Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long.
A Southwest Virginia jury has awarded $5 million to a defunct coal company and its owner in their long-running legal battle with Massey Energy over a coal supply contract.
GE-Hitachi is closing a western Pennsylvania plant that makes storage containers for spent nuclear fuel rods, idling 134 employees who still work there.
The Oklahoma House has approved a bill to adjust and make permanent a generous tax incentive for oil and gas production in the state.
According to the American Chemistry Council (ACC), following a 0.2 percent gain in March, the U.S. Chemical Production Regional Index (U.S. CPRI) was 0.6 percent higher in April. All seven regions grew in April.
Unilever PLC says it has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan's Mizkan Group for $2.15 billion.
Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.