The 5th U.S. Circuit Court of Appeals' action Tuesday involves a settlement approved by a federal judge in January 2013 between BP, workers and some coastal residents who said they were injured or sickened during the spill cleanup.
While 2013 as a whole marks the second consecutive annual decline, deal activity in the second half of the year increased with 83 deals worth $35.7 billion versus 69 deals for $24 billion in the first half. The fourth quarter of 2013 recorded 40 transactions worth $50 million or more.
Low U.S. electricity prices in natural-gas-fired plants, for example, are already encouraging investment in energy-intensive industries such as steel and glass. Not yet visible are the advantages that makers of intermediate products, such as plastic-resin pellets, and makers of finished goods, such as plastic toys and plastic auto parts, will reap from cheaper inputs.
Dow Chemical is rejecting a push by a major shareholder to break off its petrochemicals division. Dan Loeb's Third Point LLC revealed a significant stake last month in the Midland, Mich., company and immediately advocated for a separation of the division from others that have fared better.
A pipeline ruptured at a coal-processing plant Tuesday, sending 108,000 gallons of coal slurry into a Kanawha River tributary, about 18 miles upstream from where a large chemical spill at a different plant tainted drinking water for 300,000 people a month ago.
The families believe smokestacks from Whirlpool's huge washing machine plant in Clyde sent a chemical compound suspected of causing cancer into the neighborhoods of several children who were among the first diagnosed. Whirlpool, based in Benton Harbor, Mich., has maintained that there is no scientific or medical fact to back up the allegations.
The movement of oil into and through Washington state is changing dramatically as more crude oil from the Bakken shales of North Dakota arrives by train and creates potential risk for new areas of the state, such as along the Columbia River.
A $16 million upgrade of a manufacturing facility in Shreveport means new jobs in north Louisiana. Gov. Bobby Jindal and Lubrication Technologies Inc. CEO Chris Bame announced the project Monday. They say the project will create 75 new jobs with an average annual salary of more than $41,400 per year.
A flavoring manufacturer in Oakdale has been cited by the U.S. Labor Department's Occupational Safety and Health Administration after a fire last year severely burned a worker. OSHA on Monday cited Carol Callahan, doing business as Natural Advantage, for 19 serious violations at the facility. Proposed penalties total $91,000.
Google has passed Exxon to become the second most valuable U.S. company by market capitalization. According to FactSet data, the Internet company's market capitalization surpassed that of oil company Exxon Mobil Corp. last week. As of Friday's market close, it sat at $395.42 billion compared with the oil company's $392.66 billion.
The Whitmore Manufacturing Company announced today its acquisition of Fluid Defense Systems, LLC, a manufacturer of fully-integrated lubricant storage and handling solutions. Whitmore says that since 2001, Fluid Defense had grown to being recognized in lubricant handling and contamination control for food and beverage and industrial manufacturing.
Utah has given final approval to a $5.35 million settlement with Chevron after a pipeline leaked about 20,000 gallons of diesel fuel in northern Utah last year. The agreement includes $4.4 million for mitigation projects beyond efforts to clean up the marsh area near Willard Bay in Box Elder County.
Salazar said at an energy conference in Houston Wednesday that the pipeline could be built safely, as long as conditions are imposed. Those conditions would require the pipeline operator to meet tough environmental standards and even pay for conservation programs along the pipeline route.
BNSF plans to invest $5 billion in its railroad this year, including $900 million to expand capacity in the Northern Plains where crude oil shipments are surging. The railroad said Tuesday its 2014 spending plan is roughly $1 billion higher than last year. BNSF says it's responding to significant volume growth.
Thousands of gallons of the chemical that spilled into the water supply for 300,000 West Virginians are heading to Pennsylvania. Freedom Industries expected to move 3,500 gallons of crude MCHM from its Nitro, W.Va., facility to a coal facility in Pennsylvania on Tuesday.
Kimberly Janvier, Irene Rombaut, Shawn Farrell and Sylvan Blake were working at the Co-Op refinery on Oct. 6, 2011 when the explosion occurred. They say that they all suffered severe physical injuries in the blast and they and their family members also suffered severe emotional distress and anxiety after the explosion.
SPI: The Plastics Industry Trade Association, which represents the nation’s third largest manufacturing industry, supports President Obama’s efforts to create jobs and strengthen the middle class by expanding the economy and negotiating sensible trade agreements.
TransCanada Corp. says it has a growing list of U.S. oil shippers signing up to use a proposed connector to the proposed Keystone XL pipeline that would run from Canada to the Gulf of Mexico. The Calgary-based company announced in 2011 that it secured five-year contracts to move crude from the oilfields of North Dakota and Montana via a proposed five-mile-long pipeline known as the Bakken Marketlink.
As it nears 200 years in operation, Monadnock Paper Mills (MPM) remains one of the nation’s foremost manufacturers of technical/specialty, packaging and printing papers for a variety of markets. And it's doing far more than ever to ensure that its local environment remains as pristine as ever.
“With the HazCom standard’s GHS training requirement now in effect and the New Year in full swing, many organizations are scrambling to train workers and determine what requirements they will face next, while others still are unclear if GHS applies to their business,” said Tom Lally, Director of Training and Compliance, Cintas.
The deal comes after years of bitter bickering between the federal and state agencies over environmental regulations. The disagreement peaked almost four years ago when the EPA overturned a long-term flexible permitting program, saying it did not meet federal clean air rules.
Federal chemical safety investigators are recommending tougher state and federal oil refinery oversight after a 2010 explosion and fire at a Tesoro Corp. refinery in Anacortes that killed seven workers. The report also calls on the EPA to work with the industry to come up with a new regulation requiring chemical facilities to make their operations inherently safer.
State officials and a water company strongly disputed a scientist's claim Wednesday that residents were likely breathing in traces of formaldehyde while showering after the chemical spill, saying the chemical that tainted the water supply only produces the carcinogen at extremely high temperatures.
The implications for spares and repairs inventory are obvious — rather than keeping safety stock on hand, parts could be printed as needed from a stock of materials.
The proposal patches a regulatory framework that let Freedom Industries spill chemicals into the public water supply on Jan. 9 without immediate detection, state lawmakers said. The leak into the Elk River kept 300,000 people without clean, drinkable water for days.