The transfer of power at the Cecil company's annual meeting put DeIuliis in charge of a quickly transforming company. In the past two years, Consol Energy Inc. sold off more than half of its coal mines and its barge business, replaced its top-level management, cut company headcount by 30 percent and repositioned itself as an exploration and production company first and foremost.
Lubricant maker CAM2 International has bought the former Shell facility in Mississippi and plans to restart operations in coming months, hiring about 35 employees.
As a result of the rapid growth and shifting location of U.S. natural gas and crude oil production, the U.S. Energy Information Administration (EIA) is proposing expanding the geographic coverage of its current monthly natural gas production survey and adding collection of state-level data on crude oil and lease condensate production.
The now-bankrupt company at the center of West Virginia's chemical spill wants to sell what's left at its other site to a company tied to former executives.
German industrial equipment maker Siemens AG has launched a sweeping restructuring to raise disappointing profits and better compete with peers such as General Electric.
Freeport has been working on selling about $4 billion of its energy assets to help reduce debt and allow it to concentrate more on growth areas like the Gulf of Mexico.
Annual reports from 42 oil and natural gas companies that have reported data on upstream expenditures since 2000 show that spending on exploration and development throughout the world increased by 5% ($18 billion) in 2013, while spending on property acquisition fell by $17 billion.
According to the American Chemistry Council, following an upwardly revised 0.5 percent gain in February, the U.S. Chemical Production Regional Index was 0.2 percent higher in March. Five out of the seven producing regions also saw production increases.
As concern about the environmental impact of manufacturing grows, increased shareholder activism has the potential to affect any company’s approach. Recent changes in how the U.S. Securities and Exchange Commission looks at shareholder proposals are giving activists a bigger voice, forcing manufacturers adapt to the new environment.
Information without context is just noise. The best way to filter the noise is to ensure that each plant function — operations, maintenance, safety, etc. — has clear, up-to-date information on how it can contribute most effectively to safe, successful operation. Although each role operates within multiple contexts, automation systems can offer useful assistance.
Exxon Mobil Corporation announced the $19 billion PNG LNG project has started producing liquefied natural gas (LNG) in Papua New Guinea ahead of schedule.
Artek Surfin and Aterian Investment Partners have announced that they have closed on their previous announced transaction whereby Artek has acquired Aterian's shares in Galata Chemicals.
State business development officials led discussions with environmental regulators and a Detroit-area steel plant seeking to release higher amounts of toxins, according to a newspaper report.
Zinc production has shut down at a western Pennsylvania site where Shell Oil Co. is considering building a high dollar petrochemical plant.
Economic activity in the manufacturing sector expanded in April for the 11th consecutive month, and the overall economy grew for the 59th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Chevron Corp. says its net income fell 27 percent in the first quarter because of lower global oil prices and decreased production of oil as a result of bad weather.
Flint Hills announced in February that it would close the facility because of the high costs of doing business in Alaska and its ongoing obligations from a chemical spill that has affected local water supplies.
U.S. manufacturing grew faster in April than in March as exports picked up and factories accelerated hiring.
Exxon Mobil said Thursday that its net income fell 4 percent in the fourth quarter as it produced less oil and natural gas and posted weaker refining results.
Outsourced contract maintenance is becoming an increasingly prevalent method for companies to maintain their assets. There are three approaches to maintenance management: In-house staffing, a hybrid of in-house and outsourcing, and complete outsourcing. How these may be applied and to what extent is driven by each company and their own unique needs.
Life Cycle Engineering (LCE), Inc., announced a partnership with OSIsoft to offer predictive analytics and intelligent asset management solutions for the oil and gas industry.
Royal Dutch Shell PLC says it will not be entering new investments in Russia anytime soon as tensions rise over the country's confrontation with Ukraine.
Energy provider Exelon is buying Pepco Holdings Inc. for $6.83 billion to create a large electric and gas utility in the Mid-Atlantic region.
A federal judge ruled Tuesday that a $357,000 payment in a damage claim from the 2010 BP oil spill must be repaid because the claim was fraudulent.
A lack of communication, combined with a short-sighted fixation on holding down factory capital expenditures, is incurring massive energy-inefficiency costs for manufacturers during the lifetimes of their production facilities.