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Daily news and top headlines for manufacturing professionals

Halliburton Buying Baker Hughes In $34.6B Deal

November 18, 2014 10:02 am | by Jonathan Fahey, AP Energy Writer | News | Comments

In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion.Global oil prices have tumbled 31 percent over...

Coal Residue Vaults Found In Upper Peninsula

November 18, 2014 4:07 am | by The Associated Press | News | Comments

Two underground concrete vaults used to store tar residue and other impurities from a manufactured gas plant more than 100 years ago have been unearthed in Marquette. The Mining Journal reports ( http://bit.ly/1B9IEWy ) that the vaults were found near the Shiras Steam Plant and are being cleaned...

CA Accuses BP Of Inflating Natural Gas Prices

November 17, 2014 4:55 pm | by Ellen Knickmeyer, The Associated Press | News | Comments

BP and its traders routinely manipulated prices to overcharge California as much as $300 million when it sold natural gas to the state, California and a fired BP employee allege in a lawsuit against the British energy company. The BP employee, who had helped administer...

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Why Airfare Keeps Rising Despite Lower Oil Prices

November 17, 2014 1:44 pm | by Scott Mayerowitz, AP Airlines Writer | News | Comments

Planes are full. Passengers clamor for amenities. Investors want a payout. New planes are on order. Those are all reasons the airlines likely won't be passing their recent savings on fuel along to fliers in the form of lower fares. In fact, fares are going higher. And those bag fees that airlines instituted...

GE's $500M Brazil Research Center Focuses On Subsea Oil, Gas Exploration

November 17, 2014 12:31 pm | by GE Reports | News | Comments

GE opened its Brazil Technology Center in Rio de Janeiro today. The $500 million research hub will focus on developing advanced technologies for offshore oil and gas exploration and production. The center, GE’s first in Latin America, will employ 400 researchers by the end of the...

Cause Of Deadly Leak At TX Plant Still Unknown

November 17, 2014 10:58 am | by The Associated Press | News | Comments

DuPont officials said Sunday it's still not clear what caused a toxic chemical to leak from a valve at a suburban Houston plant, killing four workers and injuring a fifth. Company spokesman Aaron Woods said DuPont is investigating the cause of the leak of methyl mercaptan at a plant in...

Baker Hughes In Deal Talks With Halliburton

November 14, 2014 10:03 am | by The Associated Press | News | Comments

Oilfield-services provider Baker Hughes Inc. said Thursday it is talks with rival Halliburton Co. about a potential merger.                      

House To Vote On Keystone, Landrieu Seeks Action

November 12, 2014 4:56 pm | by Donna Cassata, The Associated Press | News | Comments

Call it a high-stakes political poker game, with the Louisiana Senate seat the big prize. Three-term Democratic Sen. Mary Landrieu, facing an uphill fight to hold her seat in a Dec. 6 runoff, on Wednesday called for vote on approving the Canada-to-Texas Keystone XL...

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Louisiana Agency Looking To Sue Oil, Gas & Pipeline Companies

November 12, 2014 3:35 pm | by Kevin McGill, The Associated Press | News | Comments

Lawyers for dozens of oil, gas, and pipeline companies are heading to court to make their case for dismissal of a lawsuit filed by a south Louisiana levee board. The Southeast Louisiana Flood Protection Authority-East sued the companies last year, arguing that coastal drilling and dredging has contributed to...

Short-Term Energy, Winter Fuels Outlook

November 12, 2014 2:08 pm | by U.S. Energy Information Administration‎ | News | Comments

North Sea Brent crude oil spot prices fell from $95/barrel (bbl) on October 1 to $84/bbl at the end of the month.  The causes included weakening outlooks for global economic and oil demand growth, the return to the market of previously disrupted Libyan crude oil production, and...

Pesticide Company Fined $10K Over Bee Deaths

November 11, 2014 4:45 pm | by The Associated Press | News | Comments

State regulators in Oregon have levied fines totaling $16,000 for gross negligence in the deaths of some 1,000 bees killed by pesticides sprayed on flowering trees at a Eugene apartment complex last June. The Oregon Department of Agriculture announced Monday that it...

Jamaica Signs Deal To Search For Offshore Oil, Gas

November 11, 2014 2:20 pm | by The Associated Press | News | Comments

Jamaica's petroleum firm has signed an agreement with a British oil company, clearing the way for oil and gas exploration in offshore blocks south of the island. The "production sharing agreement" was signed with London-headquartered Tullow Oil, which has a 100...

Six Challenges Facing Modern Manufacturing Companies

November 10, 2014 5:33 pm | by Danielle Iera, Marketing Coordinator, TPC Wire & Cable Corp | Articles | Comments

Nearly every type of manufacturer faces increasing regulations aimed at everything from ensuring product safety to managing disposal and reclamation procedures. While many regulations may be beneficial to consumers, each regulation adds an additional burden to the companies that ...

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USDA Approves GMO Potato

November 10, 2014 2:35 pm | by The Associated Press | News | Comments

The U.S. Department of Agriculture has approved commercial planting of a potato that is genetically modified to resist bruising and to produce less of a chemical that has caused cancer in animals. Boise, Idaho-based J.R. Simplot Co. developed the potato, and it was approved by the...

Foundation Of U.S. Nuclear System Showing Cracks

November 10, 2014 2:19 pm | by Robert Burns, AP National Security Writer | News | Comments

The foundation of America's nuclear arsenal is fractured, and the government has no clear plan to repair it. The cracks appear not just in the military forces equipped with nuclear weapons but also in the civilian bureaucracy that controls them, justifies their cost, plans their future and...

Showdown Looms As CA Discusses Pesticides

November 10, 2014 12:18 pm | by Ellen Knickmeyer, The Associated Press | News | Comments

With organic food growers reporting double-digit growth in U.S. sales each year, producers are challenging a proposed California pest-management program they say enshrines a pesticide-heavy approach for decades to come, including compulsory spraying of organic crops at the...

OH County Holds Off On Fracking Due To Low Oil Prices

November 10, 2014 10:01 am | by The Associated Press | News | Comments

Officials in northeast Ohio say drilling in shale deposits is on hold due to decreasing oil prices.The Star-Beacon in Ashtabula reports that although geographic studies have shown there are large shale deposits throughout Ashtabula county, hydraulic fracturing, or fracking, is...

Shell Takes On NM County Over Drilling Ban

November 7, 2014 2:21 pm | by The Associated Press | News | Comments

The first county in the United States to impose an outright ban on oil and gas development could see its controversial ordinance gutted, if not tossed all together, as a federal judge considers the measure's constitutionality. U.S. District Judge James Browning said...

GOP Eager To Move On Keystone XL

November 6, 2014 12:02 pm | by Donna Cassata, The Associated Press | News | Comments

Republicans' resounding victory gives them an opportunity to push legislation that's been bottled up in the Democratic Senate, from targeting elements of President Barack Obama's health care law to constructing the Keystone XL oil pipeline to rolling back environmental regulations. Democrats suffered...

TX Leads Nation In New Oil, Natural Gas Jobs

November 6, 2014 9:55 am | by U.S. Energy Information Administration‎ | News | Comments

Texas added more than 19,000 new private sector jobs in oil and natural gas production in 2013, almost six times the number in New Mexico, which was the next highest state for oil and natural gas production jobs added last year. The extraction, drilling, and support...

Gas Nationwide Average Sits Under $3 At End Of October

November 4, 2014 9:43 am | by Jonathan Fahey, AP Energy Writer | News | Comments

The sight is so surprising that Americans are sharing photos of it: The gas station sign, with a price under $3 a gallon. "It's stunning what's happening here," says Tom Kloza, chief oil analyst at the Oil Price Information Service. "I'm a little bit shocked." The national average price of gasoline...

Oil Company Lawsuit Bill Deemed Unconstitutional

November 4, 2014 9:18 am | by Kevin McGill, The Associated Press | News | Comments

The Louisiana Legislature's attempt to retroactively kill a flood board's lawsuit against the oil industry over damage to the state's coast is unconstitutional, a state judge ruled late Friday. Judge Janice Clark's decision came a day after two of the smaller players in the suit agreed to...

ND Tribe To Drill Own Oil Wells

November 3, 2014 2:20 pm | by Josh Wood, The Associated Press | News | Comments

The Mandan, Hidatsa, and Arikara Nation is planning to drill the first tribe-owned oil wells on its North Dakota reservation next year. While the 1,300 plus wells currently on the Fort Berthold Indian Reservation produce roughly a third of North Dakota's daily output, the tribe only receives a fraction of money...

U.S. Oil Rig Count Up To 1,929

October 31, 2014 2:29 pm | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by two this week to 1,929. The Houston firm said Friday in its weekly report that 1,582 rigs were exploring for oil and 346 for gas. One was listed as miscellaneous. A year ago there...

Exxon Defies Low Oil Price With Refining Strength

October 31, 2014 12:38 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

ExxonMobil Corp.'s refining and chemical operations rescued the company's third quarter results amid falling global oil prices and lower oil and gas production. Exxon, the biggest U.S. oil company, posted a surprise increase in profit thanks to a 38 percent...

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