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Daily news and top headlines for manufacturing professionals

Court Upholds Iowa Natural Gas Tax Reviled By Ethanol Plants

April 10, 2015 2:36 pm | by Ryan J. Foley, The Associated Press | News | Comments

Ethanol industry officials said Friday they would now turn their focus to lobbying for a law that would address their concerns by letting plants pay taxes based on the value of assets.

Bloomberg Adds $30 Million To Anti-Coal Campaign

April 9, 2015 10:27 am | by Kevin Frecking, The Associated Press | News | Comments

Billionaire Michael Bloomberg says he is donating an additional $30 million to a Sierra Club initiative working to reduce the nation's use of coal.

Analysts: Could Oil Industry Consolidation Mirror 1990s?

April 9, 2015 10:11 am | by Andy Szal, Digital Reporter | News | Comments

“This could mark the beginning of a M&A rave, much like the one we saw in the late 1990s,” Accendo Markets analyst Augustin Eden said.

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Report Expects Demand For Oilfield Chemicals To Increase

April 8, 2015 10:07 am | by Andy Szal, Digital Reporter | News | Comments

The report conceded that the recent crude price decline sharply curtailed the market, but said the underlying conditions that fostered growth in previous years would spark a rebound.

Shell Looks To Acquire BG Group In Historic $70B Deal

April 8, 2015 9:51 am | by Andy Szal, Digital Reporter | News | Comments

The reported $70 billion transaction would be the industry's third-largest on record, uniting Shell's $202 billion market value with BG's $46 billion value.

Is Fracking Responsible For Earthquakes In Oklahoma?

April 7, 2015 3:46 pm | by Maura Falk, Associate Editor | News | Comments

According to Joe Wertz, an energy reporter for StateImpact Oklahoma, there is compelling evidence and studies to indicate that fracking and the procedures behind wastewater disposal may be to blame.

Summer Gas Prices Expected To Be 32 Percent Lower This Year

April 7, 2015 3:14 pm | by Damian J. Troise, AP Business Writer | News | Comments

The national average price is forecast to fall 32 percent from a year ago to $2.45 a gallon between April and September, the period when Americans do most of their driving. That would mark the lowest seasonal average since 2009.

U.S. Safety Board: Oil Train Tank Cars Need Urgent Updates

April 7, 2015 1:43 pm | by Matthew Brown, The Associated Press | News | Comments

The board called for relief valves on tank cars to prevent pressure from building inside them as they heat up from nearby fires, which can cause the cars to explode.

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'Fight Club' Actor Speaks Out Against Fracking

April 7, 2015 10:41 am | by The Associated Press | News | Comments

A radio ad released by the Don't Frack Maryland campaign is running Tuesday featuring actor Edward Norton, who grew up in Columbia, Maryland.

U.S. Again Leads In Petroleum And Natural Gas Production

April 7, 2015 10:27 am | by Andy Szal, Digital Reporter | News | Comments

The U.S. led the world in petroleum and natural gas production for a third consecutive year in 2014, according to a new report from the federal Energy Information Administration.

Obama Presents Climate Change As Health Hazard

April 7, 2015 9:58 am | by Josh Lederman, The Associated Press | News | Comments

Obama's effort to link climate change to health comes as he works to build support for steps he's taken to curb U.S. emissions that are opposed by business and industry, including strict limits on vehicles and power plants.

North Dakota To Join Lawsuit Against Federal Fracking Rules

April 6, 2015 2:22 pm | by James MacPherson, The Associated Press | News | Comments

North Dakota, whose oil riches have been unlocked by the use of hydraulic fracturing, said it will join Wyoming in a lawsuit challenging a new federal rule requiring more information about the process when it's used on U.S. government lands.

Ethanol Groups 'April Fools' Letter Touts Renewable Fuel Standard

April 2, 2015 10:11 am | by Andy Szal, Digital Reporter | News | Comments

In a letter to lawmakers, National Corn Growers Association CEO Chris Novak and Renewable Fuels Association CEO Bob Dineen wrote that repealing or reforming the standard would "result in an immediate increase in foreign oil imports and strengthen champions of democracy such as Vladimir Putin."

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Report: European Fracking Would Not Mirror U.S.

April 1, 2015 3:02 pm | by Andy Szal, Digital Reporter | News | Comments

The Energy Watch Group study added that fracking caused environmental damage and disrupted rural landscapes in the U.S., and noted production levels could fall amid the months-long slide in the global price of oil.

Do The Math: Fracking By The Numbers

April 1, 2015 9:15 am | by Meagan Parrish, Editor, Chem.Info | News | Comments

Know how many chemicals are used to fracking? Or how many wells are in the U.S.? Here’s a look at fracking, by the numbers.

U.S. To Pledge Up To 28 Percent Emission Cut In Global Treaty

March 31, 2015 2:21 pm | by Josh Lederman, The Associated Press | News | Comments

By announcing its commitment early, the U.S. hopes to dial up the political pressure on other countries to take equally ambitious steps to cut emissions.

Solar-Powered Plane Lands In China On Round-The-World Flight

March 31, 2015 10:07 am | by The Associated Press | News | Comments

It flies next to the eastern Chinese city of Nanjing before heading to Hawaii on its five-month trip.

Low Crude Prices Curb Job Growth For Oil-Producing States

March 30, 2015 11:43 am | by Andy Szal, Digital Reporter | News | Comments

 Newly released estimates from the Bureau of Labor Statistics show that the global drop in oil prices hindered growth in many of the country's top oil producing states.

Senate Approves Long-Delayed Bill To Boost Energy Efficiency

March 30, 2015 10:02 am | by Matthew Daly, The Associated Press | News | Comments

The measure exempts some energy-efficient water heaters from pending Energy Department rules and requires federal agencies to develop best practices to increase energy efficiency in federal buildings.

Study: Lifting Crude Export Ban Would Benefit U.S. Energy Security

March 30, 2015 9:57 am | by Andy Szal, Digital Reporter | News | Comments

The U.S. energy market would largely benefit from lifting the current ban on crude oil exports, according to a new report from researchers at Rice University.

Poll: Americans Evenly Divided On Fracking

March 27, 2015 10:03 am | by Andy Szal, Digital Reporter | News | Comments

The Obama administration recently released stricter rules for fracking on federal and Native American lands, while New York has banned the practice outright.

Oil Council: Shale Won't Last, Arctic Drilling Needed Now

March 27, 2015 10:00 am | by Jonathan Fahey, AP Energy Writer | News | Comments

Environmental advocates say the Arctic ecosystem is too fragile to risk a spill, and cleanup would be difficult or perhaps even impossible because of weather and ice.

Behind The Historic U.S. Oil Supply Glut

March 27, 2015 9:54 am | by Bloomberg Business | Videos | Comments

Societe Generale Global Head of Oil Research Michael Wittner discusses rising U.S. oil stockpiles.

Lawmakers Unhappy With New Fracking Rules

March 26, 2015 2:36 pm | by Kevin Freking, The Associated Press | News | Comments

Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing.

$20 Oil Could Be A Reality If This Happens

March 25, 2015 2:31 pm | by Bloomberg Business | Videos | Comments

The U.S. is pumping so much oil it's running out of places to stash it, and that could have a big impact on oil prices.

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