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DNR Orders Frack Sand Mine To Cease Operations

July 31, 2014 1:27 pm | by Associated Press | News | Comments

The Minnesota Department of Natural Resources has ordered a southeastern Minnesota frack sand mine to stop operating.                                    

ConocoPhillips Q2 Profit Up 1.5%

July 31, 2014 1:21 pm | by Associated Press | News | Comments

ConocoPhillips reported net income that increased by 1.5 percent in its second quarter. The...

Sunoco Pipeline Hit With Setback

July 31, 2014 1:20 pm | by Associated Press | News | Comments

Sunoco Logistics has gotten a setback to its plans to pump propane and ethane in its 300-mile...

Shell Profits Up On Higher Oil Prices

July 31, 2014 9:36 am | by Associated Press | News | Comments

Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher...

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The company that operates a southeastern Pennsylvania nuclear plant says it may decide within a year to shut down some of its 11 nuclear power stations if a way to make them profitable can't be found.

Exelon Buys Integrys Retail For $60M

July 30, 2014 4:17 pm | by Associated Press | News | Comments

Integrys Energy Services, sells electricity and natural gas to about 1.2 million customers in 22 states and Washington DC. Exelon said the business will become part of its Constellation unit, which has about 2.5 million customers.   

Canada-Billings Pipeline Access Granted

July 30, 2014 4:13 pm | by Associated Press | News | Comments

A refining company will be able to continue operating three pipelines that transport crude oil from Canada after a judge granted access to the final land parcel whose easement had expired.                     

Valero Energy Profit Up 26%

July 30, 2014 4:00 pm | by Associated Press | News | Comments

Valero Energy Corp. (VLO) reported earnings that climbed by 26 percent in its second quarter, and fell short of analysts' expectations.                                

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Oil and gas company Anadarko Petroleum Corp. is selling its Chinese subsidiary for about $1.08 billion as it focuses more in the U.S. and Mexico.

Anadarko Petroleum Profit Drops 76%

July 30, 2014 10:03 am | by Associated Press | News | Comments

Anadarko Petroleum Corp. (APC) on Tuesday reported net income that declined by 76 percent in its second quarter, and missed analysts' expectations.                            

African Oil & Energy Sector Fuels Global Investor Growth

July 30, 2014 9:24 am | by DHL | News | Comments

While Oil and Gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of course, their suppliers.                                     

Increasing Operational Efficiency By Cutting The Paper

July 30, 2014 1:00 am | by Greg Goodwin, LNS Research | Articles | Comments

If you’re currently planning on implementing a Manufacturing Execution System (MES) or other applications in the Manufacturing Operations Management (MOM) space, you may think you have all the shop-floor areas and situations that still use manual, paper-based processes identified, but this may not necessarily be the case.

Kurdish Oil Stopped At Texas Port

July 29, 2014 5:08 pm | by EMILY SCHMALL, Associated Press | News | Comments

The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a Sunni military offensive.

Attorney Claims Oklahoma Drilling Tax Unconstitutional

July 29, 2014 4:26 pm | by Associated Press | News | Comments

An attorney claims a state law that sets Oklahoma's tax on oil and gas production is unconstitutional. Jerry Fent told a state Supreme Court referee Tuesday the measure does not comply with constitutional guidelines for the passage of revenue bills.

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BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

BP Warns That Russian Sanctions Will Impact Profits

July 29, 2014 9:57 am | by DANICA KIRKA, Associated Press | News | Comments

Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.                           

Arch Coal Posts Significant Q2 Losses

July 29, 2014 9:45 am | by Associated Press | News | Comments

The St. Louis-based company posted a loss of $96.9 million, or 46 cents per share, compared with a loss of $72.2 million, or 34 cents per share, in the same quarter a year earlier.                          

Waste Management Sells Subsidiary For $1.94B

July 29, 2014 9:42 am | by Associated Press | News | Comments

Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.                                      

Illinois Coal Exports Dip

July 28, 2014 3:47 pm | by Associated Press | News | Comments

The state Department of Commerce and Economic Opportunity says that about 12 million tons of Illinois coal was exported in 2013. That's down from the 13 million tons exported in 2012, but far more than the 5.5 million tons exported in 2011 and 2.5 million tons in 2010. 

North Carolina's environmental agency sought late Monday to delay its own settlement with Duke Energy a week after a busted pipe at one of the company's coal ash dumps spewed enough toxic sludge into the Dan River to fill 73 Olympic-sized pools.

Duke Makes $1.2B Deal With ElectriCities

July 28, 2014 3:46 pm | by Associated Press | News | Comments

Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.                     

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Tyson To Sell Mexico, Brazil Poultry Operations

July 28, 2014 10:27 am | by Associated Press | News | Comments

Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.                            

Oil Company Sues Utah County Over Pipeline Rules

July 28, 2014 10:17 am | by Associated Press | News | Comments

A Texas oil company is suing a Utah county over its new ordinances imposing restrictions on underground pipelines.                                        

Airgas Profit Rises 4.9%

July 24, 2014 2:40 pm | by Associated Press | News | Comments

The Radnor, Pennsylvania-based company said profit increased to $88.9 million, or $1.18 per share, from $84.7 million, or $1.14 per share, in the same quarter a year earlier.                   

Noble Energy Profit Falls Almost 50%

July 24, 2014 2:33 pm | by Associated Press | News | Comments

Noble Energy Inc. (NBL) reported earnings that decreased by 49 percent in its second quarter and beat analysts' expectations.                                     

China and Russia To Lead Global Polypropylene Capacity Additions By 2018

July 24, 2014 2:27 pm | by GlobalData | News | Comments

Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2% from 2003, reaching 65 million tons per year (mmty) in 2013, and is expected to continue rising to 86 mmty by 2018, at a slightly higher CAGR of 5.8%, according to research and consulting firm GlobalData.

3M Q2 Profit Rises

July 24, 2014 9:59 am | by Associated Press | News | Comments

The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share, in the quarter ending June 30, compared with $1.2 billion, or $1.71 per share, in the same quarter a year ago.                    

U.S. Refineries Running At Record Levels

July 24, 2014 9:55 am | by U.S. Energy Information Administration | News | Comments

Last year was the third year in a row that North American refineries showed considerably higher profitability than European refineries as measured by earnings per barrel processed.                           

Breitburn Buys QR Energy For $1.46B

July 24, 2014 9:44 am | by Associated Press | News | Comments

QR unitholders will receive approximately 72 million common units of Breitburn Energy Partners LP, or 0.9856 of a Breitburn unit, for each unit of QR Energy that they own. The consideration to be received by QR unitholders is valued at $22.48 per unit, a 19 percent premium to Wednesday's closing price of $18.87.

The economic reports this week were mixed with several reports coming in weaker than expected.

Economic Expansion Tempered By Uncertainty

July 24, 2014 1:00 am | by American Chemistry Council | Articles | Comments

The Chemical Activity Barometer (CAB posted a 0.4 percent increase over June, as measured on a three-month moving average (3MMA). Uncertainty in global energy markets kept the non-adjusted barometer at a slow 0.1 percent gain in June, but provisional data suggest there is room for further expansion in coming months. 

Combating The Talent Gap With Targeted Training

July 24, 2014 1:00 am | by Jeannine Kunz, Managing Director of Workforce and Education, SME | Articles | Comments

The demand for skilled workers has never been higher as manufacturers struggle to find the talented workforce needed to fill jobs currently available. To combat the talent gap and build a high-performance team, some are increasingly turning to competency models – a structured system to develop the needed knowledge, skills and abilities for specific jobs.  

The economic reports this week were mixed with several reports coming in weaker than expected.

U.S. Chemical Production Higher In June

July 23, 2014 5:14 pm | by American Chemistry Council | News | Comments

According to the American Chemistry Council (ACC), following an upwardly revised 0.5 percent gain in May, the U.S. Chemical Production Regional Index (U.S. CPRI) continued to expand, rising by 0.3 percent in June. Chemical output was higher in all regions.

Oil Gains On Sharp Drop In U.S. Supplies

July 23, 2014 4:54 pm | by Associated Press | News | Comments

The price of oil rose Wednesday after the government reported that U.S. oil supplies rose more than expected.                                              

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