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Daily news and top headlines for manufacturing professionals

Fuel Exports Soar Under Obama Administration

December 8, 2014 9:53 am | by Dina Cappiello, The Associated Press | News | Comments

Solar panels glisten from every thatched hut on this crowded island, one of the largest in this remote chain off the Panamanian coast. But the tiny emblems of green energy offer no hope against climate change. They have helped the island's Guna people reduce what was...

Dow Chemical Sells 2 Businesses For $225M

December 5, 2014 1:59 pm | by The Associated Press | News | Comments

Dow Chemical said Friday that it is selling two businesses for a total of $225 million. Dow said Vertellus Specialty Materials will buy its sodium borohydride business and Valfilm North America will buy a polyolefin films plant in...  

Gas Prices Below $2 Per Gallon In TX, OK

December 5, 2014 1:30 pm | by Ken Miller, The Associated Press | News | Comments

Gas has dropped below $2 a gallon at a handful of stations in Oklahoma and Texas this week, a level that a price-watching group says is the lowest in the nation and a bargain that's proven irresistible to some long lines of drivers coming from miles to fill up...

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Ex-BP Executive Fighting Gulf Oil Spill Charges

December 3, 2014 2:42 pm | by Kevin McGill, The Associated Press | News | Comments

Attorneys for a former BP executive facing an obstruction charge in the 2010 Gulf oil spill asked a federal judge Wednesday to dismiss the two criminal counts as his trial approaches in March. The defendant is David Rainey, who has pleaded not guilty to allegations that he...

Consumer Group Condemns Muscle-Bulking Cattle Chemicals In Food Production

December 1, 2014 2:37 pm | by Beef Additive Alert | News | Comments

"No amount of drug maker-sponsored study or 5-step PR spin campaign will convince us that beta agonists belong in beef production. We hope processors continue to resist accepting Zilmax-fed cattle for animal welfare, and to preserve USA beef quality, consistency, and...

Oil Plunge Is Either Threat Or Boon To Global Economies

December 1, 2014 10:10 am | by The Associated Press | News | Comments

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump, giving individuals more spending money and lowering costs for many...

OPEC Decision Still Reverberating Worldwide

December 1, 2014 10:00 am | by Pan Pylas, AP Business Writer | News | Comments

Oil stocks weighed on markets around the world Friday as crude prices hovered around four year lows in the wake of OPEC's decision to keep production steady. KEEPING SCORE: In Europe, France's CAC 40 was down 0.3 percent at 4,370 while Germany's DAX fell the same rate to 9,943. The FTSE 100 index...

As OPEC Faces Tough Test, Lower Oil Prices Loom

November 25, 2014 1:12 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day. The 12-member group's purpose is to coordinate how much oil is produced in order to keep prices high and stable and maximize...

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OK's Gas Price Falls For 27 Straight Days

November 25, 2014 12:59 pm | by The Associated Press | News | Comments

Gasoline prices are down in Oklahoma — and they keep falling. AAA Oklahoma said Tuesday that the retail price for regular gasoline in the state has fallen for 27 consecutive days. The average pump price for regular gasoline was about $2.61 on Tuesday, down 41 cents...

Judge Denies Bid To Halt IL Fracking Rules

November 24, 2014 10:15 am | by Jim Suhr, The Associated Press | News | Comments

A judge in southwestern Illinois has denied a bid by a landowners group to suspend the state's new rules for high-volume oil and gas drilling, ruling that the plaintiffs failed to show they would suffer immediate harm if the practice commonly known as "fracking" was to go...

Tribal Head To Speed ND Pipeline Talks

November 21, 2014 2:15 pm | by James MacPherson, The Associated Press | News | Comments

The new leader of North Dakota's oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent. North Dakota's booming oil production has led to an...

Keystone: Senate Votes No, McConnell Vows Replay

November 19, 2014 9:47 am | by Dina Cappiello, David Epso, The Associated Press | News | Comments

In a combustible blend of oil and politics, the Democratic-controlled Senate rejected legislation Tuesday night to force completion of the Keystone XL Pipeline. Republicans vowed to resurrect the controversial issue soon after taking two-house control of Congress in...

EPA: Safe For Toxic Site's Neighbors To Return

November 18, 2014 3:06 pm | by Mitch Weiss, The Associated Press | News | Comments

Three families forced from their homes by toxic vapors in a mountain community outside Asheville, North Carolina, can safely return, federal officials have determined. The Environmental Protection Agency had found unsafe levels of vapors from a cancer-causing chemical inside three homes in the...

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Fracking To Be Permitted In GW National Forest

November 18, 2014 12:19 pm | by Brock Vergakis, The Associated Press | News | Comments

Over the objection of environmental groups and Virginia's governor, a federal management plan released Tuesday will allow a form of natural gas drilling known as fracking to occur in parts of the largest national forest on the East Coast. The U.S. Forest Service originally planned to ban...

GOP Vows To Pass Keystone Later If Bill Fails Now

November 18, 2014 12:05 pm | by Dina Cappiello, The Associated Press | News | Comments

Republican leaders vowed Tuesday to take up and pass a bill approving the Keystone XL pipeline in Congress again next year if the Senate fails to advance the measure, or President Barack Obama vetoes it. Senate Minority Leader Mitch McConnell, who will become the majority...

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...

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...

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...

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