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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.                                

A couple of weeks ago one of Chevron's fracking well pads exploded and caused a deadly fire in a small town in Pennsylvania. Since, the apology letters and coupons for free pizza have met with a great deal of internet scorn. Is there a "right" way to apol

Catching A Runaway Train

July 29, 2014 4:42 pm | by Nikita Ernst, Associate Editor | Blogs | Comments

Does it feel like we've been plagued with train accidents this year? It seems like we get news of another train collision once a week. The latest incident brings into sharp focus an ongoing problem we face in continuing to use one of the oldest transportation technologies for moving volatile materials.

Closing The Largest Coal Plant In The West

July 28, 2014 3:51 pm | by FELICIA FONSECA, Associated Press | News | Comments

The largest coal-fired power plant in the West will produce one-third less energy by 2020 and is on track to cease operations in 2044 under a proposal that the federal government adopted to cut haze-causing emissions of nitrogen oxide at places like the Grand Canyon.

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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.                     

Coal-Export Towns Fight Rising Seas

July 28, 2014 3:44 pm | by DINA CAPPIELLO, Associated Press | News | Comments

The Mid-Atlantic exports more coal — and the heat-trapping pollution that comes with it — than any place in the U.S. At the same time, cities like Norfolk are already experiencing one of the fastest rates of sea level rise in the country.

What You Need To Know About Global Coal Trade

July 28, 2014 10:16 am | by DINA CAPPIELLO, Associated Press | News | Comments

As the Obama administration weans the U.S. off polluting fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create even more pollution.

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

Turning Non-Recycled Plastics Into Fuel

July 25, 2014 1:00 am | by American Chemistry Council | Videos | Comments

By telling the story of what can happen to everyday plastics after we use them, this video was designed to help policymakers, regulators, waste management professionals and other thought leaders see the vast potential of used plastics -- to be reused in new products from recycling, or tapped as a source of domestic energy.

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Investing In Energy Efficiency

July 25, 2014 1:00 am | by Anna Wells, Editor, IMPO Magazine | Articles | Comments

Every year budgets get tighter and costs go up — no matter what business you’re in. In manufacturing, where aging equipment is a given and energy rates are a cost center of sometimes epic proportions, it’s no wonder management looks for more efficient ways to churn out product. There are so many factors in an overall equipment strategy that it begs the question: just how important is energy efficiency to the average manufacturer? 

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.                                     

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.

Energy Intelligence Report

July 22, 2014 4:40 pm | by IMPO Magazine | Digital Editions | Comments

This issue of IMPO focuses on improving energy efficiency in your facility, takes you inside KitchenAid's stand mixer factory and discusses the best uses for mobility in a manufacturing setting.

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Maine Biomass Plant Moves Forward

July 22, 2014 10:15 am | by Associated Press | News | Comments

A $30 million biomass plant proposed for Athens has won certification from a state financing agency for $12 million in state tax credits, a step forward for a project that could mean saving or creating about 200 jobs and boosting the local tax base.

On The Hunt For The Hottest Job In America

July 17, 2014 3:16 pm | News | Comments

Know someone who’s feeling the heat at work-literally? Cintas Corporation and The Sqwincher Corporation, a leader in electrolyte replacement drinks, launched its “Hottest Job in America” contest for employees in high-heat environments. The prize package includes cooling products and a pair of NFL tickets.

Improving Cost & Efficiency In Renewable Energy Storage

July 17, 2014 3:11 pm | by Ecole Polytechnique Fédérale de Lausanne | News | Comments

A major challenge in renewable energy is storage. A common approach is a reaction that splits water into oxygen and hydrogen, and uses the hydrogen as a fuel to store energy. Scientists have developed a new method for maximizing the catalyst's contribution by chemically 'peeling off' only its active surface and excluding its bulk from the reaction.

No Easy Answer To Fracking Health Questions

July 17, 2014 10:23 am | by KEVIN BEGOS, Associated Press | News | Comments

The head of Pennsylvania's Department of Health said Wednesday that its experts are responding to health complaints related to natural gas drilling, but there is no quick and easy way to answer questions about the issue.                   

Minnesota Power Reaches Coal Plant Deal

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

The company will install technology to help settle allegations it violated the federal Clean Air Act by failing to get permits and installing less-than-best pollution control technology at its plants.                            

Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Shell Adds Third Major Discovery To Norphlet Play

July 15, 2014 9:58 am | by Associated Press | News | Comments

Shell announces its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well.                           

Chemists Develop Clean-Burning Hydrogen Fuel

July 15, 2014 9:31 am | by Rutgers | News | Comments

Rutgers researchers have developed a technology that could overcome a major cost barrier to make clean-burning hydrogen fuel – a fuel that could replace expensive and environmentally harmful fossil fuels.                        

Global Energy, Mining & Utilities Trend Report

July 14, 2014 4:35 pm | by Mergermarket | News | Comments

Q2 2014's global M&A targetting the Energy, Mining & Utilities (EMU) sector recovered from a subdued Q1. Deal value increased 68.8% to US$ 143.8bn with 400 deals, up from 345 deals at US$ 85.2bn Q1 2014 and marking the hitest valued quarter in over a year (Q4 2012 valued at US$ 190.4bn).

New Jersey Approves Camden Tax Incentives

July 10, 2014 1:29 pm | by Associated Press | News | Comments

New Jersey officials have approved $260 million in incentives to bring a manufacturing facility and 395 jobs to Camden, a city that ranks among the most impoverished in the country.                    

Power Plant Component Maker Seeks Multi-Million Tax Incentive

July 9, 2014 2:20 pm | by GEOFF MULVIHILL, Associated Press | News | Comments

A company that makes components for power plants is seeking a $260 million, 10-year New Jersey tax incentive to do business in Camden in a deal that would be the third-most lucrative business incentive package ever from New Jersey's state government.

3 Arrested At Power Plant Protest

July 8, 2014 10:35 am | by Associated Press | News | Comments

Three people have been arrested in a protest at a wood-burning power plant in Eugene, Oregon.                                        

Ameren To Close Meramec Coal Plant By 2022

July 8, 2014 10:33 am | by Associated Press | News | Comments

Ameren Missouri has told state regulators it will shut down the 61-year-old Meramec coal-fired plant in Oakville by 2022, or possibly sooner pending stricter rules on greenhouse gas emissions.                

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