Conventional oil producers are not the only ones affected by falling oil prices. The energy crisis has also hit shale production and green energy in the U.S., Marin Katusa, chief energy investment strategist from Casey Research told RT.
The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.
The strange recruitment of a potential $1.2 billion aluminum mill rolls on. American Specialty Alloys had promised to announce a site and a financing plan by the end of the year. The company now plans to publicly name a site in the first three months of 2015.
Ellen Merkel says she gets "a little teary-eyed" when she thinks about the Vermont Yankee nuclear plant sending its last electrons to the regional power grid. She knows it will likely mean moving from her nice neighborhood in Vernon, where her husband works at the plant, to the South for a new job.
China said Friday that it would help Nepal develop its power industry to alleviate severe electricity outages that can last up to 12 hours a day in the Himalayan nation, where Beijing is trying to increase influence and investment.
An agreement has been reached to build a new $2 billion fertilizer plant in American Falls. ConAgra Foods and Magnida also announced an agreement on groundwater Tuesday, The Idaho Statesman reported. Construction on the new plant could begin in 2015.
The only commercial nuclear power plant in Missouri has turned 30 and is seeking to operate for another three decades. The Callaway Energy Center, which generates about 20 percent of Ameren Missouri's electricity for its 1.2 million customers, was granted a 40-year operating license in 1984.
For some, cheaper oil prices made long holiday trips possible. But for others whose bottom line is conneced to the oil industry, the decline is starting to take a toll. For people who's job depend on oil production, the talk is of layoffs and tough times ahead.
Alaska Gov. Bill Walker has signed an agreement with a Japanese energy company formally declaring a commitment to form a partnership in developing Alaska's liquefied natural gas market. Officials say Japanese prefectures have been considering LNG to replace nuclear energy following the shut down of the Fukushima nuclear power plant.
The Kentucky Public Service Commission has authorized Kentucky-American Water Co. to replace a 90-year-old filtration facility in Lexington with a new one. The current plant was built in 1924 and last expanded in 1953.
A settlement over a 2010 oil spill in southwestern Michigan is worth $6.25 million, not $6.75 million as lawyers reported earlier in December. The company has estimated cleanup costs to be about $1.2 billion, including $227 million on environmental consultants.
Murray Energy is expanding its coal preparation plant in Benwood. Construction of a new coal processing facility is underway at the Ohio County Coal Co. prep plant. The project is expected to be completed by late spring.
A federal appeals court has ruled against environmentalists who are trying to force the Environmental Protection Agency to regulate spent lead bullets and lead shot used in hunting and shooting sports. The Toxic Substances Control Act exempts cartridges and shells from regulation.
Saudi Arabia's Oil Minister, Ali al-Naimi, tells John Defterios in an exclusive interview that his country is not conspiring to target U.S. and Russian oil producers by not cutting production. "I was the first minister to welcome the production of Shell Oil," he says.
After years in the making, Five Pawns pulls back the curtain and reveals their state-of-the-art production facility. Check out the step-by-step process that produces a Five Pawns bottle and how they use cutting-edge technology in their manufacturing line.
On Dec. 11, LNS Research and Manufacturing.net hosted a webinar entitled: "Weaving the Digital Thread in Aerospace & Defense Manufacturing: Strategies for Connecting to the Customer Experience." Here we'll reexamine questions from the event and give answers to a few that went unaddressed.
Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry. A conglomerate of companies including Texas-based Noble Energy has been developing Israel's offshore natural gas deposits.
A $33 million modernization project at Honeywell's chemical and refrigerant gases manufacturing facility in Baton Rouge has been completed. Gov. Bobby Jindal and Honeywell Performance Materials and Technologies President and CEO Darius Adamczyk announced the completion Monday.
Know what the hottest trends will be in manufacturing for the coming year? Some of the industry's top minds pull out their crystal balls and predict the upcoming popular investments, emerging technologies and what the big news will be in 2015.
If 2014 could be summed up in one word for American chemical manufacturers, it would be—momentum. The impact of shale, growth in end-use markets, and economic recovery in countries around the globe will drive further growth in the coming years.
Daniel Goff, of Illinois’ Department of Commerce & Economic Opportunity, understands some of his home state’s perception issues as he works to bring more manufacturing to the region. However, he also understands many of the benefits that numerous global companies have realized in opening new production, distribution and sales offices in the Land of Lincoln.
China promised Thursday to speed up imports of pharmaceuticals and medical devices from the United States and enforce its anti-monopoly laws equally among Chinese and foreign companies. Those commitments were announced at an annual trade meeting between the two countries that took place in Chicago.
An Omaha, Nebraska soybean processing company plans to build a $90 million vegetable oil refinery in western Iowa. The Sioux City Journal reports that Ag Processing Inc. plans to build the refinery at its complex near Sergeant Bluff, creating at least 20 new jobs.
Hemlock Semiconductor Group is permanently closing its idled polysilicon plant in Clarksville, citing global trade disputes that have led to an oversupply of the compound used in solar energy panels. The company's president, Denise Beachy, announced the decision to the The Leaf-Chronicle on Wednesday.
Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. "Oil hasn't found a bottom yet, so the pain is only going to get worse as the price of oil continues to fall," said a chief market strategist.