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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

ExxonMobil Begins Multi-Billion Dollar Expansion In Texas

June 19, 2014 1:33 pm | by ExxonMobil | News | Comments

ExxonMobil Chemical Company announced that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu.                  

Former Hostess Plant For Sale

June 18, 2014 4:35 pm | by Associated Press | News | Comments

A former industrial bakery in Biddeford, Maine is for sale for $8.45 million. Flower Foods acquired the bakery last year and is selling the plant and eight other bakeries and 21 depots across the country.               

North Dakota Now Produces 1M Barrels Of Oil A Day

June 17, 2014 4:37 pm | by Associated Press | News | Comments

North Dakota is now producing 1 million barrels of oil per day, with a large part of the credit due to the rich Bakken shale formation in the western part of the state.                        

Authorities are investigating the discovery of a body at a southwestern Indiana aluminum plant.

Alcoa To Invest $25M In Virginia Facility

June 17, 2014 1:40 pm | by Associated Press | News | Comments

Alcoa Power and Propulsion plans to invest $25 million in new technology at its Hampton, Virginia operation. Gov. Terry McAuliffe says the expansion will create 75 jobs.                        

Court Sides With Minnesota Frack Sand Mine

June 17, 2014 1:39 pm | by Associated Press | News | Comments

The Minnesota Court of Appeals has turned back a challenge to Winona County newest frack sand mine. Twelve residents challenged the county board's approval for a condition use permit for the 19-acre sand mine in Saratoga Township.                      

Foundation Sells Off Mining Company Shares

June 17, 2014 1:37 pm | by Associated Press | News | Comments

The Bristol Bay Native Corp. Education Foundation has sold the shares it received as a gift in the company that owns the proposed Pebble Mine.                             

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 Sells $5B Stake In Woodside

June 17, 2014 10:01 am | by Associated Press | News | Comments

Royal Dutch Shell PLC says it is selling a 19 percent stake in Australia's Woodside Petroleum Limited, worth around $5 billion.                                       

How Trustworthy Is The Data You’re Using?

June 17, 2014 9:07 am | by Rich Garvin, Training & Development Manager, Knovel | Blogs | Comments

How are your engineering and sales teams gathering they data they use to make decisions? Are they getting it from reputable sources? Rich Garvin, the Training & Development Manager at Knovel, offers some guidance as to how to do web-based research - safely.


Bio-Based Chemicals Get Boost From Shale Gas Boom

June 17, 2014 1:00 am | by IHS | News | Comments

Sugars, glycerin and other plant-derived feedstocks are emerging as economically competitive starting materials for a range of commodity chemicals, in part, because of tight supplies of conventional feedstocks such as propylene, isobutylene, butadiene and isoprene.

Pipeline Shares Skyrocket After Natural Gas Processor Purchase

June 16, 2014 2:58 pm | by Associated Press | News | Comments

Shares of Williams Cos. hit an all-time high Monday after the pipeline operator agreed to buy a part of natural gas processor Access Midstream Partners LP for nearly $6 billion.                               

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

'Pink Slime' Sales Rebounding

June 16, 2014 2:48 pm | by Associated Press | News | Comments

Sales of a treated ground beef product that critics derisively dubbed "pink slime" have rebounded, according to two of its manufacturers.                                       

Power Plant Debate Starts War Of Statistics

June 16, 2014 11:23 am | by JOSH LEDERMAN, Associated Press | News | Comments

President Barack Obama's new pollution limits for power plants have set off an avalanche of information about what the rules will cost, how they will affect your health and how far they will go toward curbing climate change.               

Oilfield Company Leaves Switzerland Over Pay Rules

June 16, 2014 11:10 am | by Associated Press | News | Comments

The oilfield services company Weatherford International Ltd. says shareholders have approved a move from Switzerland to Ireland.                                       


The Income Gap Widens As American Factories Close Their Doors

June 16, 2014 11:02 am | by MICHAEL RUBINKAM, Associated Press | News | Comments

The downfall of manufacturing in the U.S. has done more than displace workers and leave communities searching for ways to rebuild devastated economies. In American factory towns, manufacturing's decline is a key factor in the widening income gap between the rich and everyone else, as workers are forced into far lower-paying jobs.

U.S. Crude Exports At Highest Level In 15 Years

June 16, 2014 10:52 am | by U.S. Energy Information Administration | News | Comments

The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years.                              

Judge Backs Alberta Clipper Pipeline Expansion

June 13, 2014 10:20 am | by Associated Press | News | Comments

An administrative law judge recommended that Minnesota regulators approve an expansion of Enbridge Energy's Alberta Clipper crude oil pipeline across northern Minnesota.                         

Dept. Of The Interior Seeks Over $500K From Gas Developer

June 13, 2014 10:08 am | by MEAD GRUVER, Associated Press | News | Comments

The Interior Department office that oversees revenue collection from oil and gas leases announced that it is seeking a $533,520 civil penalty against a gas developer the agency said failed to report production on federal leases in northeast Wyoming.

Nebraska Company Cited For Safety Violations

June 12, 2014 10:23 am | by Associated Press | News | Comments

The U.S. Department of Labor's Occupational Safety and Health Administration announced Wednesday that it has placed the Geneva-based Bioiberica Nebraska in its Severe Violator Enforcement Program.                       

OPEC: The Price Of Oil Is Just Right

June 12, 2014 10:15 am | by JONATHAN FAHEY, AP Energy Writer | News | Comments

Dramatic changes in oil production around the globe are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide OPEC countries with robust income, but not so high that they scare customers away from buying more of their precious product.

Consol & Noble Energy Form Pipeline Venture

June 12, 2014 10:11 am | by Associated Press | News | Comments

Oil and gas producers Consol Energy and Noble Energy said that they plan to form a new publicly traded joint venture that will operate natural-gas pipelines in the Marcellus Shale region in the Eastern U.S.                              

Pacific Future Energy Corp. Announces $10B Bitumen Refinery Project

June 11, 2014 10:15 am | by Pacific Future Energy Corp. | News | Comments

Pacific Future Energy Corporation announced today its plan to build and operate the world's greenest refinery on British Columbia's north coast.                                 

A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

Judge Questions Lawyer Fees In Freedom Industries Trial

June 11, 2014 10:08 am | by Associated Press | News | Comments

A federal judge is questioning whether highly paid lawyers are helping keep money in a bankrupt company that spilled chemicals into West Virginia's largest water supply.                       

Short-Term Energy Outlook

June 11, 2014 9:55 am | by U.S. Energy Information Administration | News | Comments

Natural gas working inventories on May 30 totaled 1.50 trillion cubic feet (Tcf), 0.74 Tcf (33%) below the level at the same time a year ago and 0.90 Tcf (37%) below the previous five-year average (2009-13).                        

$400M Investment Will Spur Oil Drilling In Louisiana & Mississippi

June 10, 2014 10:54 am | by JEFF AMY, Associated Press | News | Comments

A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. 

Natural Gas Investor Drops $4.25B On Shale

June 10, 2014 10:46 am | by Associated Press | News | Comments

Natural gas wildcatter Aubrey McClendon's American Energy Partners LP has invested $4.25 billion in lease holdings and drilling rights in four states.                          

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