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Daily news and top headlines for manufacturing professionals

Enana Buying Athlon Energy For $5.93B

September 29, 2014 11:48 am | by The Associated Press | News | Comments

Oil and natural gas company Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin. Canada's Encana Corp. will also assume $1.15 billion in debt, bringing the...

Cartels Stealing Billions From Oil Industry

September 29, 2014 10:07 am | by Mark Stevenson, The Associated Press | News | Comments

Mexico overcame 75 years of nationalist pride to reform its flagging, state-owned oil industry. But as it prepares to develop rich shale fields along the Gulf Coast, and attract foreign investors, another challenge awaits: taming the brutal drug cartels that rule the region and are...

Future Cloudy As Work Winds Down At Avondale Shipyard

September 27, 2014 1:44 am | by Richard Thompson - The New Orleans Advocate - Associated Press | News | Comments

Avondale Shipyard, once Louisiana's largest private employer, is quietly winding down operations, nearly six months after Huntington Ingalls Industries brought in one of the country's largest pipeline and terminal operators in hopes it could help turn the 76-year-old West Bank facility into a...

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North Dakota Calls For More Environmental Protections

September 25, 2014 6:12 pm | by Josh Wood, Associated Press | News | Comments

A top North Dakota public health official told a meeting of energy company representatives in Dickinson on Wednesday that more needs to be done to ensure environmental protections in the state amid its oil boom. "Drill. Develop. Let's get that oil, but let's get it in a responsible manner," said...

Weak Demand, Plentiful Supply Drive Decline In Oil Prices

September 25, 2014 5:57 pm | by U.S. Energy Information Administration | News | Comments

North Sea Brent crude oil prices have remained under the symbolic $100/barrel level since September 5, falling to $94.13/barrel this afternoon, the lowest level in more than two years. Prices have declined almost $21 (18%) from the 2014 daily peak of $115/barrel on...

Businesses Won't Return BP Spill Payments

September 24, 2014 5:03 pm | by Janet McConnaughey, Associated Press | News | Comments

BP wants its money back — hundreds of millions of dollars of it — but a federal judge said Wednesday that the oil giant must keep its promises to the companies it compensated for losses they blamed on the 2010 Gulf oil spill. BP argued that a flawed funding formula enabled many businesses to...

Man Injured In Natural Gas Explosion Tuesday Has Died

September 24, 2014 4:53 pm | by The Associated Press | News | Comments

One of four men injured in a blast at a western Wyoming natural gas storage tank has died, a Salt Lake City hospital official confirmed Wednesday. Marissa Villasenor, a spokeswoman for the University of Utah Hospital, said the worker injured in Tuesday's explosion died overnight at...

4 Injured In Oil Well Explosion

September 24, 2014 1:59 pm | by The Associated Press | News | Comments

Police say four people have sustained severe burns in an explosion at an oil well in northwestern Germany. The explosion at the drilling site in Osterbrock, near the Dutch border, happened Tuesday evening following a gas leak. Police said Wednesday that...

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Natural Gas Storage Tank Explosion Injures 4

September 24, 2014 12:16 pm | by Mead Gruver, The Associated Press | News | Comments

An explosion at a natural gas storage tank injured four workers on Tuesday in western Wyoming, authorities said. The blast occurred as a maintenance crew was cleaning out the tank in the desert about 30 miles northwest of Green River, Lincoln County Sherrif's Office...

GE To Give Penn State $10M For Gas Drilling Center

September 24, 2014 11:00 am | by Kevin Begos, The Associated Press | News | Comments

Penn State University said Wednesday that General Electric Co. will give the school up to $10 million to create a new center for natural gas industry research. Penn State President Eric Barron said in a statement that the center will produce tangible benefits to the industry, to communities that are affected by...

GE Compression Technology Supporting Total S.A. Refinery Expansion

September 23, 2014 12:34 pm | by The Associated Press | News | Comments

GE Oil & Gas today announced that it will provide France-based energy company Total S.A. with a variety of compressors for a refinery off-gas (ROG) expansion project at its Antwerp, Belgium, refinery complex. The project is part of Total’s $1.3 billion overall investment to...

Clorox Exits Venezuela Citing Government Restrictions

September 23, 2014 10:01 am | by The Associated Press | News | Comments

Clorox is shutting down all operations in Venezuela, citing restrictions by the government, supply disruptions and economic uncertainty. Shares jumped 3 percent before the opening bell Monday. The consumer products company said that for almost...

Siemens To Acquire Dresser-Rand For $7.6B

September 22, 2014 2:07 pm | by The Associated Press | News | Comments

German electronics and engineering company Siemens AG has reached a deal to acquire oilfield equipment maker Dresser-Rand for $7.6 billion. Under the deal announced early Monday in Germany, Siemens will pay $83 per common share of Dresser-Rand Group Inc., $3.09 more than the...

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Oil Producer Unveils New Formation

September 22, 2014 1:56 pm | by The Associated Press | News | Comments

An Oklahoma City-based energy company has unveiled a new formation in south-central Oklahoma that the company's CEO said will elevate the state as an oil producer. Continental Resources Inc. said western Oklahoma's Springer Shale deposit is in the heart of the...

Axiall Investigates Plant Accident That Injured 4

September 22, 2014 11:17 am | by The Associated Press | News | Comments

An Axiall Corp. spokesman says the company is investigating an accident at its Natrium plant that injured four workers. Axiall spokesman Tony Ventry tells media outlets that two employees remain hospitalized at the West Penn Burn Center in Pennsylvania with what are...

Merck To Buy Sigma-Aldrich

September 22, 2014 8:42 am | by David Mchugh - AP Business Writer | News | Comments

German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment. Darmstadt-based Merck KGaA said Monday it is paying $140 per share in cash for all of...

Methanex Restarts Chile Plant

September 19, 2014 2:39 pm | by The Associated Press | News | Comments

Methanex Corporation announced today that it has successfully restarted its Chile I plant at its site in Punta Arenas, Chile. The Chile operation had been idled since May 2014 due to insufficient natural gas supply. John Floren said, "We are pleased to have restarted our Chile I plant, supported by...

Exxon To Wind Down Russian Drilling Project

September 19, 2014 2:22 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Exxon Mobil said Friday that it will wind down a drilling project in Russia in compliance with U.S. sanctions, but said it received a license to keep working beyond the sanctions' deadline in order to complete the work. U.S. Sanctions against Russia...

IL Delays Decision On Fracking Rules

September 18, 2014 12:33 pm | by The Associated Press | News | Comments

A legislative panel said that it wants more time to decide whether rules written by the Department of Natural Resources to govern hydraulic fracturing in Illinois can take effect. The legislature's Joint Committee on Administrative Rules received proposed rules for...

The Future Of Chemicals: Natural Supply Chains

September 15, 2014 3:42 pm | by Rohit Singh and Marc Waco | News | Comments

In an increasingly complex and challenging climate, chemical companies are facing a combination of shifting market forces and an increasingly heterogeneous customer set. Many organizations are focusing solely on all-out growth or across-the-board cost-cutting strategies in an attempt to...

Chemical Industry Tries To Shape Regulations

September 15, 2014 11:54 am | by Frederic J. Frommer, Associated Press | News | Comments

The powerful chemical industry is putting its lobbying muscle behind legislation that would establish standards for chemicals used in products from household goods to cellphones and plastic water bottles — but also make it tougher for states to enact...

Empeiria Acquires Oilfield Equipment Manufacturers

September 12, 2014 4:45 pm | by The Associated Press | News | Comments

Empeiria Capital Partners LLC, a New York-based private equity firm, today announced that its affiliate, Tank Partners Holdings LLC, has completed the acquisitions of JL Bryan Equipment & Lease Services, Inc. and Tank Partners LLC.Based in Perryton, Texas, JL Bryan manufactures...

North Texas Drilling Adds $11.8B To Economy

September 11, 2014 11:31 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. The Waco, Texas-based Perryman Group analysis shows...

MN Lake Tests Pesticide To Kill Zebra Mussels

September 9, 2014 11:55 am | by The Associated Press | News | Comments

Scientists are testing a new pesticide to kill off invasive zebra mussels in a small Minneapolis-area lake. As of Monday, Christmas Lake became the first in the nation to use the new product. It marks the first time...      

GE's Industrial Internet Will Monitor A Vast Shale Gas Pipeline Network

September 9, 2014 9:50 am | by GE Report | News | Comments

Getting shale gas out of the ground is one thing. But taking it to customers is quite another. American pipeline operators are investing as much as $40 billion every year to maintain, modernize, and expand their networks. The shale gas boom is putting...

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