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Odessa cement plant and four others ordered to cut emissions

KNOXVILLE, Tenn. (AP) — A cement manufacturer has agreed to invest about $10 million to cut air pollution emissions at five of its plants in Kentucky, Tennessee, Alabama and Texas, federal officials said Wednesday. Under a consent decree, Cemex Inc. will pay a $1.69 million civil penalty and conduct energy audits at the five plants. It also will spend $150,000 ...

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Build a better MFC and the world will beat a path to your door

paraffin removal, flo-rite

“Drill for oil? You mean into the ground to try and find oil? You’re crazy.” This was the reaction of prospective recruits by famed oil driller, Edwin Drake, the man now credited with launching the modern oil industry in 1859. Many people were first skeptical of Drake’s idea to drill for oil to lubricate machinery instead of collecting it from ...

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Energy company BP says 2Q earnings fell 45 percent

BP Q2 earnings

LONDON (AP) — BP’s second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in the same quarter a year earlier, the company said in a statement released Tuesday. BP’s net loss narrowed to ...

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Railroads might have to let rivals serve their customers

OMAHA, Neb. (AP) — Freight railroads could soon be forced to allow competing railroads to serve some customers along their tracks if federal regulators approve a new rule. The Surface Transportation Board’s proposed rule would only apply to certain companies that don’t have many shipping options, but the companies that have been fighting for this change since 2011 praised Wednesday’s ...

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France’s Total profit falls 30 percent due to oil price drop

In this Feb.5, 2013 file photo, the logo of the French oil giant Total SA is seen at the entrance of the company headquarters in the La Defense business district, west of Paris. The French company said Thursday Feb.11, 2016 that profit adjusted for changes in the value of inventories and one-time items dropped to $2.1 billion from $2.8 billion in the same period a year earlier.(AP Photo/Jacques Brinon, File)

PARIS (AP) — French energy company Total SA says its net income fell 30 percent in the second quarter to $2.09 billion due to the impact of lower oil prices. The Paris-based company said its sales for the April-June period were $37.22 billion, down from $44.72 billion in the year-earlier period. Chairman and CEO Patrick Pouyanne said the company will ...

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The Oil & Gas Awards Wants to Celebrate — Texas Style

oil and gas awards

After multiple years of battering from regulation and nose-diving commodity prices, The Oil & Gas Awards believes everyone with their head above water deserves an Award. That said, many companies have survived by adapting to harsh market conditions through streamlining business and embracing innovation. The Texas Oil & Gas Awards will be celebrating those companies that think outside the box, bringing ...

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Cities turn to local action to block oil trains

oil trains, crude by rail, Seattle

SEATTLE (AP) — As crude oil trains began rolling through its downtown a few years ago, Spokane was among the first cities to pass a resolution calling for stronger federal safety regulations. But when a mile-long train derailed in the scenic Columbia River Gorge along the Oregon-Washington border last month — after earlier passing through this major railroad hub in ...

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New Mexico permanent funds shrink amid energy bust

SANTA FE, N.M. (AP) — Rainy day funds overseen by the state of New Mexico have been drawn down by almost 2 percent during the past year as spending on public education and infrastructure projects outpaces investment income and revenues linked to the oil and natural gas industries. The New Mexico State Investment Council said Monday that assets declined by ...

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Freeport-McMoRan skids as 2Q sales fall short of estimates

PHOENIX (AP) — Freeport-McMoRan stock slumped Tuesday after the mining company reported weaker-than-expected revenue for the second quarter as the price of copper and oil plunged and gold sales tumbled. Freeport-McMoRan sold 156,000 ounces of gold, less than half as much as it sold a year ago. Meanwhile its average selling price for oil fell 18 percent compared to the ...

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EPA moves to regulate climate-warming airliner pollution

airplanes, pollution, EPA regulation

WASHINGTON (AP) — The government has found that jet engine exhaust is adding to climate change and endangering human health, and needs to be regulated. The Environmental Protection Agency announced Monday that it will use its authority under the Clean Air Act to impose limits on aircraft emissions. Jet engines spew significant amounts of greenhouse gases, including carbon dioxide and ...

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