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Chemical Production Sees Best Increase Since '10

March 30, 2015 5:16 pm | by Andy Szal, Digital Reporter | News | Comments

Production increased in eight segments, including organic chemicals, consumer products and pharmaceuticals, but decreased in eight others that included synthetic fibers, plastic resins and adhesives.

Mining For Tourists? A Dubious Economic Savior in Appalachia

March 30, 2015 4:16 pm | by JONATHAN DREW and ALLEN G. BREED, Associated Press | Articles | Comments

Seco, like so many Central Appalachian communities, owes its existence to coal — its very name...

Business Forecasters Boost 2-Year Outlook For US Economy

March 30, 2015 11:12 am | by The Associated Press | News | Comments

The March report from the National Association for Business Economics forecasts more hiring, a...

Is Wyoming Ready For Another Bust?

March 28, 2015 3:37 pm | by BENJAMIN STORROW, Casper Star-Tribune | Articles | Comments

Almost three decades after a dramatic drop in crude prices brought the state to its knees, is...

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Hess Corp Gives $15 Million to University of Wyoming

March 26, 2015 10:36 pm | by The Associated Press | News | Comments

Energy firm Hess Corp. has donated $15 million to the University of Wyoming to bolster research into extracting hard-to-get oil and gas deposits.

Execs From Montana's Largest Mining Company Moving to Denver

March 26, 2015 6:11 pm | by MATTHEW BROWN, Associated Press | News | Comments

Top executives from Montana's largest mining company are relocating to Denver and the company plans to close its offices in Billings as part of cost-cutting moves.

Shell Cuts Staff in North Sea

March 26, 2015 2:43 pm | by Associated Press | News | Comments

The oil company said the cuts are part of a range of initiatives it has been pursuing to manage costs and improve competitive performance.

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Top Tips For EHS Asset Performance — No. 1

March 24, 2015 4:57 pm | by Greg Goodwin, LNS Research | Blogs | Comments

This week, we're counting down the top five environment, health and safety asset performance management considerations chemical manufacturers need to know. Find out what comes in at No. 1!

Top Tips For EHS Asset Performance — No. 3

March 24, 2015 4:32 pm | by Greg Goodwin, LNS Research | Blogs | Comments

This week, we're counting down the top five environment, health and safety asset performance management considerations chemical manufacturers need to know. Today we look at increased focus on sustainability and waste reduction.

Chinese Chemical Company Set to Acquire Pirelli

March 24, 2015 4:21 pm | by Andy Szal, Digital Reporter | News | Comments

The acquisition would give China the intellectual property of the world's fifth-largest tire maker, while giving Pirelli greater access to the world's largest auto market amid potential competition in Asia from Michelin and Continental.

Top Tips For EHS Asset Performance — No. 5

March 23, 2015 10:01 am | by Greg Goodwin, LNS Research | Blogs | Comments

This week, we're counting down the top five environment, health and safety asset performance management considerations chemical manufacturers need to know. On the list today: Risk management is a driving force.

US Stocks Rise on Rebound in Oil, Strong Company Results

March 20, 2015 12:08 pm | News | Comments

After dropping more than 3 percent Thursday, oil was up $1.39, or 3 percent, to $46.86 a barrel. Energy stocks rose far more than the rest of the market, with the S&P 500 Energy sector up 1.3 percent.

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Monsanto to Pay $350K to Settle More Wheat-Related Lawsuits

March 19, 2015 9:41 am | by The Associated Press | News | Comments

The lawsuits relate to the discovery of genetically modified wheat on a farm in Oregon in May 2013. The wheat had not been approved, and after the discovery, Japan and South Korea temporarily suspended some wheat orders.

General Mills Completes Plan to Cut About 800 Jobs

March 18, 2015 3:01 pm | by The Associated Press | News | Comments

The maker of Cheerios cereal, Yoplait yogurt and other packaged foods also reported mixed results for its fiscal third quarter as a stronger dollar pressured sales.

Oilpatch Firms Selling Stock to Shore up Finances, But Who's Buying?

March 18, 2015 10:54 am | by Lauren Krugel, The Canadian Press | News | Comments

Energy firms have been looking to raise billions in financing by selling big chunks of their own stock — betting that investors smell a buying opportunity.

Greenbrier Shares Find Energy Outside of Energy Sector

March 18, 2015 10:39 am | by The Associated Press | News | Comments

The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much.

ConcoPhillips to Cut Spending, Expects Output Boost

March 17, 2015 5:00 pm | by The Associated Press | News | Comments

The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.

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Anti-Graft Probe Targets PetroChina Vice Chairman

March 17, 2015 10:59 am | by JOE McDONALD, AP Business Writer | News | Comments

The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.

DuPont And Salix Are Big Market Movers

March 17, 2015 10:51 am | by The Associated Press | News | Comments

Some of the biggest news from Wall Street.

Dow Signs on to Develop Massive Wind Farm

March 13, 2015 4:31 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

The farm, which will power Dow’s Freeport Texas Manufacturing plant, will span 35,000 acres and produce enough electricity to power more than 55,000 homes.

Lumber Liquidators CEO Makes Surprising Admission

March 13, 2015 3:08 pm | by CBS News | Videos | Comments

During a conference call, Lumber Liquidators CEO Rob Lynch responded to a "60 Minutes" report that exposed excessive levels of cancer-causing formaldehyde in the glue used to bind the company's wood.

Low Oil Prices, CEO Optimism Fuel Megadeals in Chemicals Sector

March 12, 2015 3:28 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

As a sign of continued strength in the chemicals industry, 2014 was a banner year with the highest recording of mergers and acquisitions volume in a decade.

Chemical Regulations Act Gets a Major Reboot — But Not Everyone is Applauding

March 11, 2015 5:17 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

The intent is to improve consumer safety with updated laws and regulations of toxic chemicals, and on face value, the bill seems to accomplish just that. But not everyone agrees on whether the provisions go far enough.

Saudi King Vows Development, Stability Despite Low Oil Price

March 11, 2015 10:18 am | by ABDULLAH AL-SHIHRI and AYA BATRAWY, Associated Press | News | Comments

Salman, 79, said the kingdom would continue oil and gas exploration, despite crude prices being nearly half of what they were last summer. In an acknowledgement of the kingdom's burgeoning young population, he urged businesses to help create jobs, calling it a national duty.

Seattle Mayor, Council Seek Review of Shell Drilling Fleet

March 10, 2015 11:33 am | by PHUONG LE, Associated Press | News | Comments

City officials said Monday they want to review whether current permits allow Royal Dutch Shell PLC to lease port property along the Seattle waterfront for its Arctic oil drilling fleet.

Lawmakers Move to Halt New Jersey's $225M Exxon Settlement

March 10, 2015 10:23 am | by GEOFF MULVIHILL, Associated Press | News | Comments

A New Jersey legislative committee advanced a resolution on Monday calling for the rejection of a deal Gov. Chris Christie's administration announced last week to settle a decade-old lawsuit against Exxon Mobil for $225 million, a fraction of what the state previously sought for environmental damage from the oil company.

Miss. Power Says it Has Started Gasifier at Kemper Plant

March 9, 2015 4:43 pm | by JEFF AMY, Associated Press | News | Comments

It's another step by the unit of the Atlanta-based Southern Co. toward moving the $6.2 billion plant to being fully operational by the end of June 2016.

Report: Reshoring to Boost Industrial Construction in 2015

March 6, 2015 2:48 pm | by Andy Szal, Digital Reporter | News | Comments

The Georgia-based group's quarterly forecast suggested lower domestic energy prices and declining overseas competitive advantages make the U.S. "an attractive destination for high value-added manufacturing."

BP signs $12B deal to develop Egypt gas field

March 6, 2015 2:07 pm | by The Associated Press | News | Comments

BP said in a statement that the investment is "a vote of confidence in Egypt's investment climate."

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