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Owner Won't Retrieve 29 Killed In Mine Explosion

November 6, 2014 11:32 am | by Nick Perry, AP | News | Comments

Solid Energy issued a statement saying the company was unable to come up with a safe re-entry plan. A government investigation found Pike River Coal ignored 21 warnings that methane gas had accumulated to explosive levels in the mine.     

GOP Eager To Move On Keystone XL

November 6, 2014 11:23 am | by Donna Cassata, AP | News | Comments

Republicans' resounding victory gives them an opportunity to push legislation that's been bottled up in the Democratic Senate, from targeting elements of President Barack Obama's healthcare law to constructing the Keystone XL oil pipeline to rolling back environmental regulations.

IHS: Mexican Reforms Could Attract Petrochemical Investment

November 5, 2014 2:37 pm | News | Comments

Recent changes to Mexico’s hydrocarbon laws are opening doors for private oil and gas investment, which is expected to secure more competitive feedstocks for expanded petrochemicals production. It will also allow for cheaper electricity, which will help improve the country’s competitiveness.

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Colder Winter Leads To Higher CO2 Emissions Forecast

November 5, 2014 2:25 pm | News | Comments

Energy-related CO2 emissions can be driven by economic and efficiency trends and changes in the fuel mix, but weather fluctuations that drive the level of energy used for both heating and cooling is also a significant factor affecting variations in fossil fuel consumption and their resulting emissions.

Texas Leads Nation In New Oil & Natural Gas Jobs

November 5, 2014 1:51 pm | News | Comments

In the past decade, growth of jobs in oil and natural gas extraction, drilling, and support activities has outpaced the national average of private sector job gains. Additionally, average wages of oil and natural gas production jobs were $108,000 in 2013.

Israel Supporting Offshore Oil And Gas Rights For Cyprus

November 5, 2014 1:22 pm | by Menelaos Hadjicostis, AP | News | Comments

Turkey doesn't recognize ethnically divided Cyprus as a sovereign state and strongly opposes its gas search, arguing that it ignores the rights of breakaway Turkish Cypriots to any mineral-generated wealth. Cyprus was split in 1974 when Turkey invaded after a coup.

Mascoma Completes Sale Of Its Yeast Business

November 4, 2014 11:12 am | by Business Wire | News | Comments

Mascoma Corporation, a leader in advanced bioconversion products, has announced that it has completed the sale of its yeast business to Lallemand Inc., a privately owned company that researches, develops, produces and markets yeasts, bacteria and related products.

Bio-Rad Paying $55M To Resolve Bribery Claims

November 4, 2014 10:49 am | by Marcy Gordon, AP Business Writer | News | Comments

Bio-Rad Laboratories Inc. has agreed to pay about $55 million to resolve U.S. authorities' allegations that it failed to prevent bribery of officials in Russia, Thailand and Vietnam and falsified records to hide the payments.     

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U.S. Factory Orders Slip In September

November 4, 2014 10:24 am | by Josh Boak, AP Economics Writer | News | Comments

Orders to U.S. factories declined in September, dragged by falling demand in the volatile aircraft category.                        

Taming The Complexity And Cost Of Manufacturing Operations

November 4, 2014 10:02 am | by Ralf Suerken | Articles | Comments

Not having a single picture of what’s happening on the floor — or a seamless way to connect it with processes like quoting or material planning — is one of the main reasons that being production manager at a small- or medium-sized manufacturing company is so stressful.

California Counties Take Fracking To The Booth

November 2, 2014 8:31 pm | by Ellen Knickmeyer, AP | News | Comments

Chevron, ExxonMobil and other oil companies have donated about $7 million to try to defeat the fracking bans. These measures would ban not only fracking but one of the most commonly used drilling methods in the state - steam injection. None of the three counties currently are known to host onshore fracking, which has led some to argue that the vote is no more necessary than banning ice-fishing.

Oil Company Lawsuit Bill Deemed Unconstitutional

November 2, 2014 8:20 pm | by Kevin McGill, AP | News | Comments

Judge Janice Clark's decision came a day after two of the smaller players in the suit agreed to a settlement with the New Orleans-area board, which entailed a $50,000 payment for the two Texas companies.                                      

Fracking Ban On The Ballot In North Texas

November 2, 2014 8:15 pm | by Emily Schmall, AP | News | Comments

Scores of cities in other states have considered similar bans over health and environmental concerns. But the proposal in Denton is a litmus test on whether any community in Texas — the nation's biggest oil and gas producer — can rebuff the industry and still thrive.

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China's Economic Slowdown Hurts Globally, But Not U.S.

November 2, 2014 8:00 pm | by Christopher S. Rugaber, AP | News | Comments

The United States has been recovering steadily as China's economy has weakened. China was growing at a double-digit pace in 2010, when the U.S. was still struggling to escape the recession. Now, the U.S. economy has expanded at a four percent annual pace over the past six months.

North Dakota Tribe To Drill Its Own Wells

November 2, 2014 7:52 pm | by Josh Wood, AP | News | Comments

While the 1,300-plus wells currently on the Fort Berthold Indian Reservation produce roughly a third of North Dakota's daily output, the tribe only receives a fraction of money generated through royalties and a tax-sharing agreement with the state. That's why the four new wells will be important, say tribal councilmen.

Crude Exports Continue To Rise

October 31, 2014 1:15 pm | News | Comments

The United States exported its highest level of crude oil in 57 years, and since April, crude exports have included modest amounts of Canadian-produced barrels that were moved through the United States and then re-exported to Switzerland, Spain, Italy and Singapore.

Royal DSM Announces New Georgia Polymerization Plant

October 31, 2014 1:03 pm | News | Comments

The decision to locate the plant in Augusta is a demonstration of the close working relationship between DSM and the State of Georgia. Construction is scheduled to start in Q1 2015 with completion targeted for mid-2016.                   

Consumer Index Reaches 7-Year High

October 31, 2014 12:51 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The solid increase suggests consumers largely dismissed concerns about slowing global growth and have ignored the sharp swings in financial markets earlier this month. Instead, greater hiring and lower gas prices are boosting their outlook.

Gas Falls To Nationwide Average Of Under $3

October 31, 2014 12:44 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The national average price of gasoline has fallen 33 cents in October, landing at $3.00, according to AAA. The average will fall under $3 by early Saturday morning for the first time in four years. When the national average crossed above $3 a gallon in December of 2010, drivers weren't sure they'd ever see $2.99 again.

Niche Segments Offer Opportunities For Process Mixing Equipment

October 30, 2014 10:59 am | by Frost & Sullivan | News | Comments

As industrial growth intensifies in Europe, rising investments in the food and beverage and pharmaceutical industries will bolster the process mixing equipment market in the region. New application areas such as bioreactors, fine chemistry, and vaccine manufacturing will give a further boost to the market.

Ukraine-Russia Gas Talks Deadlocked

October 30, 2014 10:51 am | by Raf Casert, Associated Press | News | Comments

Talks to guarantee that Russian gas imports flow into Ukraine throughout the winter appeared to be at an impasse Thursday because of doubts over payments from Kiev.               

U.S. Economy Grew At 3.5 Percent Rate In Third Quarter

October 30, 2014 9:57 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.       

The Role Of Cloud-Based ERP In Reshoring Manufacturing

October 30, 2014 1:00 am | by Pat Garrehy, Rootstock, CEO | Articles | Comments

A growing number of manufacturing companies are bringing their operations back to the United States and they are discovering that cloud based ERP software can help their core functions become more efficient and cost-effective, ultimately driving greater revenue.

Why Your Manufacturing Company Is Worth More Than You Think

October 29, 2014 1:00 am | by Scott W. Sims, Senior Vice President, Allegiance Capital Corporation | Articles | Comments

As the economy recovers, middle market manufacturing companies are poised to make a big comeback in terms of profitability and as appealing prospects for investors. Changing economic tides, a shortage of sellers and trillions of investor dollars on the sidelines, add up to big opportunities for manufacturing businesses in the middle market today.

U.S. Durable Goods Fell In September

October 28, 2014 10:50 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. companies for long-lasting manufactured goods fell for a second month in September, while a key category that signals business investment plans dropped by the biggest amount in eight months.        

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