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Glencore Xstrata Buys Caracal Energy For $1.35B

April 15, 2014 10:38 am | by Associated Press | News | Comments

Swiss-based commodities giant Glencore Xstrata Plc says it is buying oil exploration firm Caracal Energy Inc. for about 800 million pounds ($1.35 billion) in cash.                             

Utilities' Defenses Hold Against Hackers

April 15, 2014 10:23 am | by STEPHEN SINGER, Associated Press | News | Comments

Electric, natural gas and major water companies and regional distribution systems in Connecticut...

Court Overturns Conflict Minerals Provision

April 15, 2014 10:15 am | by PETE YOST, Associated Press | News | Comments

A U.S. appeals court has overturned a disclosure requirement that public companies must post...

Shell Discusses Shale Gas Plant In Pennsylvania

April 15, 2014 10:10 am | by Associated Press | News | Comments

Shell Chemical LP plans to hold meetings in western Pennsylvania to discuss the possibility of...

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Recruit & Retain: Closing The Talent Gap

April 15, 2014 1:00 am | by Jeff Turner, president and founder, Turner Machine Company | Blogs | Comments

Recent growth in the manufacturing industry has exposed a trend that threatens future growth: a shortage of manufacturing talent. Advancing technology combined with aging workforces, negative perceptions of the market and a lack of up-and-coming workers make it more important than ever for companies to focus on employee recruitment and retention.

Fitch Downgrades Alcoa's Credit To "Junk"

April 14, 2014 10:26 am | by Associated Press | News | Comments

Fitch Ratings Service downgraded Alcoa's credit rating to "junk" status on Friday, saying it thinks the company's leverage will stay high and aluminum prices and profitability will remain low.                       

Former Energy Executive Denies Theft

April 14, 2014 10:24 am | by Associated Press | News | Comments

A former Sheridan energy company executive accused of stealing more than $1 million in royalties has pleaded not guilty to seven felony charges.                                

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Arizona Cuts Electricity & Natural Gas Taxes For Manufacturers

April 14, 2014 10:20 am | by BOB CHRISTIE, Associated Press | News | Comments

Arizona Gov. Jan Brewer signed into law a bill that eliminates sales taxes on electricity and natural gas purchased by manufacturers and mining smelters, a move she said was needed to make the state more attractive to large businesses.

Glencore Xstrata Sells Peruvian Mine For $5.58B

April 14, 2014 10:12 am | by Associated Press | News | Comments

A group of Chinese state-owned companies is buying a Peruvian copper mine from Glencore Xstrata Plc for $5.85 billion, adding to a wave of Chinese resource acquisitions abroad.                     

LNG As Locomotive Fuel

April 14, 2014 9:41 am | by U.S. Energy Information Administration | News | Comments

The EIA projects that liquefied natural gas will play an increasing role in powering freight locomotives in coming years. Continued growth in domestic natural gas production and substantially lower natural gas prices compared to crude oil prices could result in significant cost savings for locomotives that use LNG as a fuel source.

Michigan Bans Energy Companies From Lease Auctions

April 11, 2014 10:42 am | by Associated Press | News | Comments

The Michigan Department of Natural Resources has barred two energy companies under criminal indictment from participating in oil and gas lease auctions.                          

Industrial Machinery Market Growth To Double In 2014

April 11, 2014 9:54 am | by IHS | News | Comments

High demand for machines in manufacturing sectors ranging from auto making to packaging will push the industrial machinery market to new heights during the next five years, highlighted by a doubling of growth this year, according to a new report from IHS Technology.

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ISM: Manufacturing Springs Into Production

April 11, 2014 1:00 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Senate Urges Full Enforcement On Steel Imports

April 10, 2014 11:30 am | by HOPE YEN, Associated Press | News | Comments

A group of senators seeking to protect jobs is calling on President Barack Obama's administration to fully enforce trade laws in deciding whether imported steel reinforcing bar from Turkey and Mexico unfairly undercuts U.S. prices.                

Judge Gives James River Coal OK To Continue

April 10, 2014 11:14 am | by Associated Press | News | Comments

James River Coal Co. is being allowed to continue its business operations while the company is under Chapter 11 bankruptcy protection.                                     

Chevron Predicts Q1 Profit Below Q4

April 10, 2014 11:02 am | by Associated Press | News | Comments

Chevron Corp. said that profit in the first quarter would slip below the fourth-quarter earnings on lower oil and gas production.                                          

Alcoa Leads As Stocks Open Higher

April 9, 2014 11:17 am | by Associated Press | News | Comments

Aluminum maker Alcoa rose the most of major U.S. stocks after reporting earnings that were better than investors were expecting. Alcoa rose 3 percent in early trading. Other materials stocks also rose.                   

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SD Farmers Raise Issues With Oil Trains

April 9, 2014 11:16 am | by Associated Press | News | Comments

Some South Dakota farmers say North Dakota's Bakken oil field has created a shortage of rail engines and crews to move harvested grain to market.                         

Oil Over $101 On Renewed Interest In Ukraine

April 8, 2014 11:13 am | by PABLO GORONDI, Associated Press | News | Comments

The price of oil climbed above $101 a barrel Tuesday, supported by renewed unrest in eastern Ukraine and as traders awaited weekly data on U.S. crude stockpiles.                                      

Rio Tinto Gives Away Pebble Mine Shares

April 8, 2014 11:04 am | by BECKY BOHRER, MARK THIESSEN, Associated Press | News | Comments

A major shareholder of a company behind a contentious Alaska mine project announced it was giving its shares away to two Alaska charitable organizations, at least one of which belongs to a larger group that has come out publicly against the project.

Copper Mine Drops Tunnel Plans

April 8, 2014 10:59 am | by MATT VOLZ, Associated Press | News | Comments

A mining company dropped plans to dig a mile-long tunnel for a copper development project near the Smith River after two environmental organizations filed a lawsuit challenging the proposal, state environmental regulators said Monday.                

James River Coal Files Chapter 11

April 8, 2014 10:40 am | by Associated Press | News | Comments

James River Coal Co. says it has filed for Chapter 11 bankruptcy protection as part of its efforts to turn around its business.                                          

Las Cruces Plant Lays Off 70 Workers

April 7, 2014 10:20 am | by Associated Press | News | Comments

A manufacturer of radiators and cooling systems has shuttered its Las Cruces operation, leaving 70 workers unemployed.                                                   

Big Rivers Closing Hawesville Plant

April 7, 2014 10:08 am | by Associated Press | News | Comments

The Big Rivers Electric Corporation is closing its Kenneth C. Coleman Station in Hawesville after losing two of its largest customers.                                     

Laclede Buys Energen's Gas Utility For $1.28B

April 7, 2014 9:42 am | by Associated Press | News | Comments

The Laclede Group is spending about $1.28 billion in cash to acquire the natural gas utility business of Energen.                                                  

Oil Rises In Anticipation Of Improved Jobs Report

April 4, 2014 10:30 am | by Associated Press | News | Comments

The price of oil rose as traders anticipated positive news in the monthly U.S. jobs report.                                                   

Crude Imports Fall, Top Three Suppliers Still Have Highest Share In Decades

April 4, 2014 9:58 am | by U.S. Energy Information Administration | News | Comments

While U.S. total net crude oil imports fell during 2013, the share of imports last year from the United States' top three foreign oil suppliers—Canada, Saudi Arabia, and Mexico—was the highest in at least four decades.               

Shell Selects Detroit For The 2015 Eco-Marathon Americas Challenge

April 3, 2014 11:00 am | by Associated Press | News | Comments

Today, Shell Oil Company, in conjunction with Detroit Mayor Mike Duggan, announced the selection of the iconic "Motor City" as host for the annual Shell Eco-marathon Americas® challenge beginning in 2015.                    

Public Hearing Scheduled For Gas Plant Expansion

April 3, 2014 10:57 am | by Associated Press | News | Comments

North Dakota regulators have scheduled a public hearing to discuss the proposed expansion of the Robinson Lake Gas Plant near New Town.                                  

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