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Daily news and top headlines for manufacturing professionals

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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Niche Segments Offer Opportunities For Process Mixing Equipment

October 30, 2014 9:54 am | by Frost & Sullivan | News | Comments

Process mixing is essential in the manufacture of various products in a large number of process industries. Since mixing requires the right amount of technique and technology to achieve its ultimate goal of a homogenous mixture, choosing the right equipment is crucial. As industrial growth intensifies in Europe, rising...

NY Revises Liquefied Gas Facilities Proposal

October 29, 2014 3:36 pm | by The Associated Press | News | Comments

New York regulators have revised their proposed liquefied natural gas storage rules to include size restrictions in response to public comments. The regulations would allow LNG fueling and storage facilities in New York for the first time since 1973, when the state imposed a moratorium following a Staten Island explosion that killed...

Russia, Ukraine Looking For Gas Deliveries Deal

October 29, 2014 12:12 pm | by The Associated Press | News | Comments

The European Union's energy chief is hoping talks between Ukraine and Russia will yield the breakthrough needed to guarantee Russian gas will continue to flow to Ukraine and, by extension, parts of the EU this winter. After inconclusive talks last week, Wednesday's negotiations...

Williams Partners Expects Plant To Start Producing In November

October 29, 2014 10:24 am | by The Associated Press | News | Comments

 Williams Partners L.P. today announced it expects its expanded Geismar Olefins plant to begin manufacturing ethylene for sale in November. That timeline is consistent with the financial guidance the partnership provided in July. All major construction related to the...

Chronus To Build $1.4B Fertilizer Plant In IL

October 28, 2014 2:04 pm | by The Associated Press | News | Comments

The Illinois Department of Commerce and Economic Opportunity has confirmed that a chemical company has decided to build a $1.4 billion fertilizer plant in eastern Illinois. Department spokesman David Roeder said Tuesday that Cronus Chemicals will build the plant just outside Tuscola. The plant will employ about...

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Energy Stocks Fall As Oil Slips Below $80 A Barrel

October 28, 2014 9:50 am | by The Associated Press | News | Comments

The price of oil dipped below $80 a barrel Monday, after a major investment bank lowered its forecast for crude prices this year and next. Goldman Sachs analysts now expect U.S. oil prices to be roughly $75 a barrel in 2015, down from their previous forecast of $90 a barrel. Goldman also sees Brent...

S&P 500 Ends With Slight Loss On Oil, Bad News From Europe

October 27, 2014 5:02 pm | by Matthew Craft, AP Business Writer | News | Comments

Lower oil prices and more gloomy economic news from Europe tugged the U.S. stock market to a slight loss on Monday. Companies whose fortunes tend to follow global economic growth fared the worst, as shares of oil companies and material producers dropped 2 percent. Those industries that depend on the...

Floating Gas Terminal Anchors In Lithuania

October 27, 2014 3:34 pm | by The Associated Press | News | Comments

A giant floating natural gas terminal arrived Monday in the Lithuanian port of Klaipeda as the Baltic country tries to further reduce its reliance on energy supplies from Russia. The South Korean-built 300-meter (984-foot) vessel — the size of an aircraft carrier — will be able to provide 4...

OH Gas Prices Stay Below $3 Per Gallon

October 27, 2014 12:15 pm | by The Associated Press | News | Comments

Prices at the gas pumps in Ohio at the start the new work week were well below the $3-per-gallon mark, according to a survey Monday. A gallon of regular gas was averaging $2.94 in the survey from auto club AAA, the Oil Price Information Service and WEX Inc. That's 13 cents less than a week ago and 38 cents lower than last month at this...

Turning Whiskey Waste Into Fuel

October 24, 2014 12:22 pm | by American Chemical Society | News | Comments

A start-up company in Scotland is working to capitalize on the tons of waste produced by one of the country's most valued industries and turn the dregs of whisky-making into fuel. Celtic Renewables, formed in 2011, has refined its process based on a century-old fermentation technique and is now taking the next step toward a...

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Fuel Costs Ease, U.S. Airline Profits Soar

October 23, 2014 2:08 pm | by David Koenig, AP Business Writer | News | Comments

Saving a nickel or a dime per gallon might not seem like much to the average motorist, but for airlines that burn hundreds of millions of gallons of fuel every month, it adds up quickly. Profits are soaring at the biggest U.S. airlines, and a chunk of credit goes to those savings at the pump. Fuel is an airline's...

Wolverine Power Plans New $100M Plant

October 23, 2014 10:21 am | by The Associated Press | News | Comments

Wolverine Power Cooperative plans to build a more than $100 million natural gas-fueled power plant in Michigan's northern Lower Peninsula. Cadillac-based Wolverine announced Wednesday the electric generating facility is planned for Otsego County's Elmira Township, west of Gaylord. Wolverine says the...

Coal-Rich Countries May Block New EU Climate Deal

October 23, 2014 9:56 am | by Monika Scislowska, The Associated Press | News | Comments

European Union leaders meeting in Brussels to stamp their new, ambitious greenhouse gas emissions plan should prepare for unyielding opposition from coal-reliant Poland and other East European countries who say their developing economies and electricity bills would suffer too much from the new...

Oklahoma Manufacturer Expands, Creates 250 Jobs

October 23, 2014 9:51 am | by The Associated Press | News | Comments

Officials in Bartlesville are celebrating a new expansion at ABB Totalflow that's expected to create 250 jobs over the next 10 years. The $14 million expansion will double the size of Bartlesville's complex, where more than 300 people now work. The employees design, develop, and manufacture natural...

Chevron Discovers Oil In U.S. Gulf Of Mexico

October 23, 2014 9:37 am | by The Associated Press | News | Comments

Chevron Corporation today announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located approximately 180 miles off the Louisiana coast in...

First Natural Gas GM Pickups With 5.3L Engines Announced

October 23, 2014 9:33 am | by The Associated Press | News | Comments

Nat G CNG Solutions announced today that it has delivered the first natural gas half-ton pickup trucks with General Motors’ 5.3 liter direct injection engine. The 2015 model vehicles were purchased by local Houston company NewTex Plumbing and San Antonio-based Pioneer Energy Services. GMC Sierra and Chevy Silverado...

India Picks Up Pace On Economic Overhaul

October 23, 2014 2:33 am | by Muneeza Naqvi, The Associated Press | News | Comments

After months of criticism for not moving aggressively enough on promises of an economic overhaul, India's new prime minister has announced a string of policies designed to kick-start Asia's third-largest economy. Over the past week, Prime Minister Narendra Modi has unveiled an overhaul of India's...

Will Solar, Wind Generate Revolution Or Evolution?

October 21, 2014 4:21 pm | by Texas Renewable Energy Industries Association | News | Comments

Dramatically decreasing capital costs for solar and wind technologies present the prospect of an unprecedented boost for Texas companies. Sweetening the deal is the fact that "fuel" from the sun and the wind is free. Forever. No long-term contracts to negotiate and pay out over...

Chevron Invests $20M In PA Workforce

October 21, 2014 9:49 am | by The Associated Press | News | Comments

Chevron Corp. is spending $20 million to launch its Appalachia Partnership Initiative, which is meant to improve schools and workforce development in 27 counties in southwestern Pennsylvania, northern West Virginia and eastern Ohio. Chevron is working with...

CEO Of Total Oil Dies In Moscow Plane Crash

October 20, 2014 9:33 pm | by The Associated Press | News | Comments

Russia's Tass news agency says the CEO of French oil giant Total SA was killed when his corporate jet collided with a snow removal machine during takeoff at Moscow's Vnukovo airport. Airport officials told Tass that the collision occurred at 11:57 p.m. Moscow time Monday, killing Total CEO...

GE 3Q Profit Rises On Oil, Aviation Strength

October 17, 2014 1:30 pm | by Jonathan Fahey, AP Business Writer | News | Comments

General Electric's third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions. GE reported Friday net income of $3.54 billion for the quarter on sales of $36.17 billion. Last year during the same period the company earned $3.19 billion...

Chevron Adds New Drillship To Deepwater Operations

October 17, 2014 9:48 am | by The Associated Press | News | Comments

Chevron Corporation today announced that the Pacific Sharav, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work under a five-year contract with Pacific Drilling. The Pacific Sharav is an upgraded Dual-Load-Path...

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