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Callon Petroleum Raises $122M From Stock Sale

September 18, 2014 10:18 am | by Associated Press | News | Comments

Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas.                            

Shell & Motiva Enterprises Pay Millions In Back Wages After Investigation

September 17, 2014 10:55 am | by U.S. Dept. of Labor | News | Comments

Shell Oil Co. and Motiva Enterprises LLC, which markets Shell gasoline and other products, have...

U.S. Current Account Deficit Dips

September 17, 2014 10:38 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting...

Trian Wants DuPont To Split Its Business

September 17, 2014 10:07 am | by Associated Press | News | Comments

Activist investor Nelson Peltz's Trian Fund Management LP wants DuPont to separate its business...

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Cargill To Close Corn Milling Plant

September 17, 2014 10:05 am | by Associated Press | News | Comments

Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and under utilization.                                                   

Refinery Closure Leads To High Asphalt Expense

September 16, 2014 10:37 am | by Associated Press | News | Comments

Road construction costs north of the Alaska Range have increased because of the higher cost of asphalt, a consequence predicted when the North Pole refinery stopped producing asphalt oil in June.                             

Keystone XL Operator Asks For PUC Recertification

September 16, 2014 10:35 am | by REGINA GARCIA CANO, Associated Press | News | Comments

The operator of the long-delayed Keystone XL crude oil pipeline has formally asked South Dakota's utility regulators to recertify the portion of the project that runs through the state.                                                             

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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 Energy To Spend $500M On Solar Power

September 16, 2014 10:34 am | by EMERY P. DALESIO, AP Business Writer | News | Comments

Duke Energy plans to invest $500 million in solar power to meet North Carolina's requirement that more of its electricity come from renewable energy.                                                               

Producer Prices Remain Unchanged In August

September 16, 2014 10:15 am | by CHRISTOPHER RUGABER, AP Economics Writer | News | Comments

A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.                                  

Machine Safety Labeling In The 21st Century

September 16, 2014 1:00 am | by Geoffrey Peckham, CEO of Clarion Safety Systems | Blogs | Comments

If your company manufactures machinery that has potential hazards associated with its transportation, installation, use, maintenance and/or disposal, you most likely have a strong need to create effective product safety labels. And the stakes are too high for the job to be done incorrectly – people’s lives and your company’s financial well-being are on the line.

Nucor Buys Gallatin Steel For $770M

September 15, 2014 10:41 am | by Associated Press | News | Comments

Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.                                       

U.S. Factory Output Drops 0.4% In August

September 15, 2014 10:30 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants.                                            

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Right-Shoring: Finding The Best Place To Manufacture

September 15, 2014 1:00 am | by Jeff Sweeney | Articles | Comments

Do manufacturing jobs "belong" on-shore? Is off-shoring or outsourcing inherently bad? Both questions are based on an erroneous assumption that effective trade creates winners and losers. A job producing something in Vietnam does not equate to one fewer job here in the US. It does not have to be a zero sum game. Experience has shown that a properly executed strategy can and should create winners on both sides.

Emerging Regions Prove Increasingly Profitable For The Industrial Valve & Actuators Market

September 11, 2014 4:07 pm | by Frost & Sullivan | News | Comments

The increase in oil exploration activities, investments in new refineries, and modernization of existing facilities will spur the uptake of valves and actuators, particularly in emerging markets.                                    

Eastman Chemical Buys Taminco For $1.73B

September 11, 2014 3:51 pm | by Associated Press | News | Comments

Eastman Chemical said in a statement that the acquisition will strengthen Eastman Chemical's presence in markets such as food, feed and agriculture. It also provides opportunities to speed up growth in the personal care, coatings and oil and gas.

Authorities are investigating the discovery of a body at a southwestern Indiana aluminum plant.

Alcoa Lands $1B Boeing Contract

September 11, 2014 3:46 pm | by Associated Press | News | Comments

Alcoa Inc. said Thursday that it won a multi-year contract worth more than $1 billion to supply aluminum products to aircraft maker Boeing Co.                                       

Diesel Refinery Plans $406M Upgrade

September 11, 2014 3:44 pm | by Associated Press | News | Comments

The CHS Inc. refinery in Laurel plans a $406 million upgrade to efficiently produce more diesel fuel to meet increased demand from agricultural users and oil activity in the Bakken.                        

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Big River Steel Gets Extension In Mill Suit

September 11, 2014 10:19 am | by JILL BLEED, Associated Press | News | Comments

A judge on Wednesday gave Big River Steel more time to respond to a federal lawsuit filed by a rival company that hopes to stop the $1.3 billion project from moving forward in northeast Arkansas.

North Texas Drilling Adds $11.8B To Economy

September 11, 2014 9:46 am | by EMILY SCHMALL, Associated Press | News | Comments

Production from the natural gas-rich Barnett Shale in North Texas has risen even as drilling activity and natural gas prices have fallen, according to a study commissioned by the Fort Worth Chamber of Commerce released Wednesday.

WV Miners Warned About Layoffs

September 10, 2014 10:41 am | by JONATHAN MATTISE, Associated Press | News | Comments

In what has become a painful exercise across Appalachia, Patriot Coal is again telling hundreds of West Virginia mine workers that they could lose their jobs.                                    

Is Shipping Oil Abroad The Answer To Lowering Gas Prices?

September 10, 2014 10:34 am | by JONATHAN FAHEY, AP Energy Writer | News | Comments

Exporting more U.S. crude around the world would lower the price of gasoline for U.S. drivers and benefit the U.S. economy, according to a new study released Tuesday.                      

Leadership & Employee Engagement Driving Operational Excellence

September 10, 2014 10:01 am | by Jeff Reinke, Editorial Director | Articles | Comments

Looking at the manufacturing industries as a whole, there is notable progress being made with respect to operational efficiency and profitability. Even so, the required pace of responding to marketplace demands is accelerating, and will only continue to do so, requiring manufacturing organizations to optimize their people, processes, and technologies—what we refer to as a journey towards Operational Excellence.

Activist Pleads Guilty For P&G HQ Protest

September 8, 2014 4:32 pm | by DAN SEWELL, Associated Press | News | Comments

One of nine Greenpeace activists charged in a protest at Procter & Gamble Co. headquarters pleaded guilty Monday to a single felony count.                                             

Stocks Slump As Oil Price Hits Energy Sector

September 8, 2014 4:13 pm | by KEN SWEET, AP Business Writer | News | Comments

The U.S. stock market fell Monday, pulling back from a record high reached last week. Energy stocks fell the most as the price of oil slumped.                                    

A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

Judge Worries Freedom Industries Will Abandon WV Spill Site

September 8, 2014 4:08 pm | by JONATHAN MATTISE, Associated Press | News | Comments

A bankruptcy judge is concerned that a chemical company may abandon the site of a massive January spill without cleaning it up.                                      

Texas Boasts 100+ Natural Gas Fueling Sites

September 8, 2014 4:03 pm | by Associated Press | News | Comments

Drivers who rely on natural gas to power their vehicles have more places to fill up in Texas. The Texas Railroad Commission on Monday announced the state has 104 refueling stations, compared to 69 a year ago.                               

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

September 8, 2014 3:59 pm | by Associated Press | News | Comments

Duke Energy has entered into a $1.2 billion agreement with ElectriCities to buy back minority stakes in several North Carolina power plants.                                     

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

Chemical Industry Continues To Climb

September 8, 2014 3:51 pm | by American Chemistry Council | Articles | Comments

A leading economic indicator created continued to see moderated upward growth last month, with a 0.2 percent gain over July as measured on a three-month moving average. Though the pace of growth has slowed, current gains are trending up a solid 4.3 percent over this time last year, and the barometer remains at its highest level since January 2008. 

The Business Of Chemistry By The Numbers

September 8, 2014 12:19 pm | by American Chemistry Council | News | Comments

Chemistry is essential to our economy and plays a vital role in the creation of ground-breaking products that make our lives and our world healthier, safer, more sustainable and more productive.                                

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