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President Barack Obama to highlight job training in Waukesha visit

speech

President Barack Obama drops into the Republican stronghold of Waukesha County on Thursday morning and is expected to discuss a subject that unites Republicans and Democrats. Job training. Obama is due to visit GE’s Waukesha gas engines plant, a facility that employs around 700 people and manufactures natural gas engines. He is scheduled to tour the plant, meet with executives ...

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Exxon Mobil profit tumbles as energy production tapers

decline

(Reuters) – Exxon Mobil Corp <XOM.N>, the world’s largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production with fresh reserves. Shares of Exxon fell nearly 2 percent to $93.28 in morning trading. The problem of declining production has become endemic for multinational energy groups, with legacy oil and ...

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Business leaders brainstorm how to bring more Marcellus wealth to Scranton, Wilkes-Barre

puzzle

Vince Matteo, president and CEO of the Lycoming/Williamsport Chamber of Commerce, rattled off a list of changes Lycoming County has seen as a result of the Marcellus Shale boom. A former vice president of the Greater Wilkes-Barre Chamber of Business and Industry, Mr. Matteo cited many examples of wealth flowing from the exploration and production companies to ancillary industries and ...

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Oil Trains to Keep Rumbling Through North America’s Cities

TORONTO, Jan 29 (Reuters) – Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes. Re-routing the crude-by-rail trains that support booming North American oil production would be hugely difficult given the location of major rail ...

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Progress is ‘swift’ on RiverBend land deal

building

New York State has agreed on terms to buy the 88 acres of city-owned land in South Buffalo that will house a new high-tech and clean-energy complex at RiverBend. The deal marks what officials call “swift progress” in advancing a monumental project that seeks to transform a former steelmaking site from a brownfield into a green-power economic driver. It comes ...

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Cove Point project opponents raise safety concerns

Oil Industry Refinery

The way energy company Dominion sees it, exporting liquefied natural gas from its Southern Maryland complex wouldn’t be that big of a shift from the importing it does now. Same pipes, same storage tanks, same terminal. But the project at Cove Point strikes opponents as a sea change. Now those fighting the proposal on environmental grounds are joining forces with ...

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Hiring in energy sector expected to grow, survey shows

now hiring

Workers in the oil and gas sector are enjoying a favorable employment market as the energy boom continues. More companies are planning to increase hiring of energy industry professionals during the first half of 2014, according to a semi-annual survey by Rigzone, an oil and gas industry journal. Some 53 percent of hiring managers say they plan to add jobs ...

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Murrysville to debate seeking bids for gas rights

bidding

Murrysville Council will consider seeking bids for natural gas rights at the 315-acre Murrysville Community Park. The move would allow residents to circulate petitions asking for the issue to be put to a vote as a referendum in the November election. Huntley & Huntley Inc. requested a lease for the municipality’s natural gas rights beneath part of Murrysville Community Park, ...

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PTT says no impact from shutdown

protest

Oil and gas giant PTT Plc has yet to feel the impact of the Bangkok shutdown, saying its average fuel sales remain on par with the same period last year. “There is no report of damage to PTT’s oil and gas logistics system since the start of the Bangkok shutdown,” said executive vice-president Saran Rangkasiri. PTT has closed four petrol ...

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NTSB: Oil train crash risks ‘major loss of life’

Train

 JOAN LOWY, Associated Press WASHINGTON — Warning that a “major loss of life” could result from an accident involving the increasing use of trains to transport large amounts of crude oil, U.S. and Canadian accident investigators urged their governments Thursday to impose new safety rules. The unusual joint recommendations by the U.S. National Transportation Safety Board and the Transportation Safety ...

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