Plunging oil prices are prompting companies to shelve expansion plans in the Cowboy State, raising doubts over the future of Wyoming’s fledgling oil boom. Industry executives and observers said they expect drilling in Wyoming to slow after a 40 percent drop in price, months of tepid global demand and news that the Organization of Petroleum Exporting Countries cartel will not curtail production.
Spiraling tensions between Europe and Russia were behind Moscow's decision to scrap the South Stream pipeline, which would have traveled through many Balkan states. Countries in the region on Tuesday were counting the political and financial cost of the shift.
These upgrades could lower the cost of transporting fuel by 20 percent. The loan is being provided to state-owned pipeline operator Ukrtransgaz by the EU's lender, the European Investment Bank. This could help the reliability of the pipeline and lessen the influence of Moscow-backed plans.
Neighborhoods bordering a Marathon oil refinery have been in decline - dealing with abandoned homes, increased crime and the odor, noise and dust that come with living near a refinery. Interstate 75 is nearby, along with a wastewater treatment facility and railroad tracks - all of which have driven down property values.
The justices have let stand an Iowa Supreme Court ruling that said residents could bring a nuisance lawsuit against Grain Processing Corp., which operates a corn processing plant in Muscatine.
Zein proteins make up about 40 percent of the total protein in corn. After extraction, it appears as a pale-yellow powder that can be used for biodegradable plastics, paper coatings, food packaging, antioxidants, medical devices, pharmaceutical products, food and cosmetics.
There is political upheaval across the Middle East, Iran is suffering under Western sanctions, and surprising growth in oil production outside of OPEC is sapping badly-needed revenue. Crude has fallen 32 percent in five months, reducing OPEC revenues by nearly $1 billion a day.
The Wyoming Legislature's Joint Minerals, Business and Economic Development Interim Committee voted 13-1 to sponsor a bill that would allow the state to buy natural gas and then contract with a plant to convert it into more expensive products, such as diesel.
The national average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. AAA estimates that during this Thanksgiving holiday weekend 41.3 million people in the United States will travel more than 50 miles from home by car.
Manufacturing production is expected to outpace GDP, with anticipated growth of 3.5 percent in 2015 and 3.9 percent in 2016. A five-year horizon shows that GDP is expected to average 2.8 percent growth and manufacturing production 3.26 percent growth.
The new five-story building will house U.S. Steel's 800 headquarters employees for at least 18 years, with an option to extend the lease beyond that. The plan solves several interlocking problems for U.S. Steel, the NHL's Pittsburgh Penguins and the city.
A proposed oil terminal in Vancouver, Washington would handle more crude than any single rail facility in the U.S. Vancouver Energy, a joint venture, would handle an average of 360,000 barrels of oil per day, or up to four trains daily.
Regulators said that the largest coal-fired power plants in Texas should invest more than $2 billion in new technology to reduce sulfur dioxide emissions, but the state's coal regulator said the plan would increase costs for consumers while doing little for the environment.
Profire Energy, a technology company that creates, installs and services burner management systems and other combustion technologies for the oil and gas industry, has acquired the assets of VIM Injection Management, an oilfield chemical-injection technology company.
Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation has elected to retire on January 1, 2015, after more than 44 years of service.
Through supply chain analysis and planning involving their Oil Services business and its regional procurement team, the company partnered with the manufacturer of a subsurface chemical and switch from bulk tanker truck deliveries to intermodal transport.
Emergency management officials say it's clear that the response was inadequate and slow, especially given the scope of the disaster. The accident site had been plagued with recurring maintenance problems, and workers lacked quick access to breathing equipment that could have saved them.
An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico on Thursday, killing one person and injuring three.
A government study with significant implications for the U.S. energy industry says the breeding grounds of a struggling bird species need a 3-mile or larger buffer from oil and gas drilling, wind farms and solar projects.
Pacific Gas and Electric Co. has been fined $10.85 million for a March natural gas explosion that destroyed a cottage in Carmel.
Dow Chemical Co. has agreed to add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point.
The new leader of North Dakota's oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent.
The Environmental Protection Agency has issued two final greenhouse gas permits for a planned $1 billion resin processing plant in South Texas.
U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay.
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