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.
Cloud software has tremendous potential to help small- and medium-sized manufacturers compete with large enterprises. But what if that software assumes that you want to operate just like them?
There will only be a few hundred, and they won't be cheap, but Toyota is about to take its first small step into the unproven market for emissions-free, hydrogen-powered vehicles.
The global economy's problems seem to be multiplying. Among major economies, only the United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their trading partners are in.
How do you squeeze the most return out of your investment in innovation? It’s not always about new products — they don’t always produce bigger profits.
EnerG2, a Seattle-based company manufacturing advanced carbon materials for next-generation energy storage devices, and BASF, the world's leading chemical company, have announced a strategic partnership.
Inflation picked up in October due to higher prices that U.S. companies received for new model cars, beef, pork, pharmaceuticals and electric power.
In a nutshell, there are three accounts to the triple bottom line (TBL) — People, Planet and Profit. Profit is often formulated by a team of accountants and carefully monitored by management, but what about the other two components?