Tribal leaders on an American Indian reservation in the heart of North Dakota's booming oil patch are proposing fees for companies that burn and waste natural gas.
David E. Runyon's guilty plea came in U.S. District Court in Charleston. He faces up to 25 years in prison and $500,000 in fines for extortion and tax evasion.
Americans spend the most, per person, on housing in Washington, D.C., and the least in West Virginia. Those and other figures emerged from a new annual report from the government that for the first time reveals consumer spending on a state-by-state basis. The numbers point to substantial shifts in the economy since the recession ended.
The World Trade Organization has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths," the minerals used in mobile phones, hybrid cars, flat-screen TVs and other high-tech products.
Venezuela's government has confirmed that it is considering the sale of its oil refining and distribution network in the U.S. amid a worsening economic crisis.
Mexico's Congress approved a comprehensive energy reform that will break more than seven decades of state monopoly and dramatically expand the role of foreign and private companies in the country's oil and gas industry.
Small and midsize companies often neglect their most valuable assets — their intellectual property. Failing to protect ideas can have negative long-term effects, especially small and midsize companies. While the process may seem daunting, it is not, and a company should not be dissuaded from protecting the ideas that it has spent precious time and resources developing.
A corn-fed ethanol plant in south-central Nebraska that has been idle since 2012 has reopened thanks to an improved market, a company executive said.
The Bristol, Virginia-based company posted a loss of $512.6 million, or $2.32 per share, compared with a loss of $185.7 million, or 84 cents per share, in the same quarter a year earlier.
The Enid News and Eagle reports the Koch Nitrogen plant expansion in Enid is expected to increase the company's ammonia production by more than 1 million tons each year.
Companies that provide hydraulic fracturing technologies and other services in the North Dakota oil patch and elsewhere aren't the only ones making money. People who invest in them are also having a good year.
Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) through July. The Marcellus Region, mostly located in West Virginia and Pennsylvania, is the largest producing shale gas basin in the United States, accounting for almost 40% of U.S. shale gas production. Marcellus Region production has increased dramatically over the past four years, increasing from 2 Bcf/d in 2010 to its current level.
Orders rose a seasonally adjusted 1.1 percent compared to the previous month, the Commerce Department reported Tuesday. Factory orders had fallen 0.6 percent in May after three straight months of gains.
Renewable Energy Group plans to spend $15 million in the next 12 months on the company's Geismar facility, which makes diesel from animal fat.
After more than two decades of "reshoring" or "off-shoring" manufacturing production to low-cost labor countries like China, U.S.-based companies are bringing their operations back home – resulting in the increasing need of skilled technical experts and coating professionals.
A new study by NERA Economic Consulting and commissioned by the National Association of Manufacturers (NAM) reveals that a more stringent ozone standard from the Obama Administration could reduce GDP by $270 billion per year and carry a compliance price tag of $2.2 trillion from 2017 to 2040, increasing energy costs and placing millions of jobs at risk.
Mississippi Power will convert from coal to natural gas or retire several units at plants in south Mississippi and Greene County, Alabama, as part of an agreement to end litigation over construction of a coal-fired power plant in Kemper County.
When Alpha partly laid blame on EPA regulation for layoff plans, it set off a chain reaction of political finger-pointing in West Virginia. Democratic Gov. Earl Ray Tomblin said the state's fears over EPA rules became reality. Several GOP congressional candidates heightened attacks against Democratic foes for being on the same side as Obama.
The nation's largest public utility has agreed to pay $27.8 million to settle claims from Tennessee property owners who suffered damages from a huge, 2008 spill of toxin-laden coal ash sludge that drew national attention to coal ash and its toxic contaminants.
The Minnesota Department of Natural Resources has ordered a southeastern Minnesota frack sand mine to stop operating.
ConocoPhillips reported net income that increased by 1.5 percent in its second quarter. The results beat analysts' expectations.
Sunoco Logistics has gotten a setback to its plans to pump propane and ethane in its 300-mile Mariner East pipeline across southern Pennsylvania.
Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.
Integrys Energy Services, sells electricity and natural gas to about 1.2 million customers in 22 states and Washington DC. Exelon said the business will become part of its Constellation unit, which has about 2.5 million customers.