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The plant, the largest capital investment by a manufacturer in northeast Ohio since the 1960 s and Youngstown's first new steel mill since the 1920 s, is a big example of the money that has flowed into the state's industrial sector in recent years thanks to the surge in U.S. natural gas and oil drilling.
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NEW YORK/ CALGARY, June 14- Oil traders are gently tapping the brakes on the thriving business of shipping U.S. and Canadian crude oil by rail, industry data showed this week, the first sign of a slowdown after a two-year boom.
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The plant, the largest capital investment by a manufacturer in northeast Ohio since the 1960 s and Youngstown's first new steel mill since the 1920 s, is a big example of the money that has flowed into the state's industrial sector in recent years thanks to the surge in U.S. natural gas and oil drilling.
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NORTH LITTLE ROCK, Ark.-- State and federal authorities want a judge to find ExxonMobil broke the law when a pipeline failed at Mayflower and spilled an estimated 150,000 gallons of crude oil in a neighborhood and adjacent waterway, authorities announced Thursday.
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Enbridge expects to make the filing before the end of June. It said Midcoast will own 40 percent of Enbridge's natural gas and liquid natural gas midstream business. Enbridge said Midcoast will likely sell a majority of its limited partner units and expects to raise $400 million to $500 million in gross proceeds.
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LONDON, June 12- Shale gas supporters say it can cut greenhouse emissions by replacing dirtier fuels such as coal, but critics warn it is worsening climate change due to methane leaks from shale wells.
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*Myanmar looks to coal to meet acute power shortages. NAYPYITAW, Myanmar, June 12- A pipeline connecting western Myanmar to China is ready to carry gas from July, but it won't be fully operational for about three more months due to construction delays in China, Myanmar's energy minister said.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, June 11- The weakness in China's crude imports and apparent oil consumption is starting to look at odds with other economic indicators. While it would be hard to find analysts who believe China's economy is roaring ahead, it is by no means falling apart.
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LONDON, June 10- Lack of specialist equipment and skilled personnel have been the biggest barriers to raising the supply of oil over the last decade, contributing to the steady escalation in prices.
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Ten years ago, Chart Industries Inc was on the verge of bankruptcy after taking on too much debt during a spree of acquisitions that included an equipment maker for storing cryogenic liquids like liquefied natural gas.
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LONDON, May 29- The discovery of perilous concentrations of hydrogen sulphide gas in a crude oil storage tank earlier this month has sparked a furious row between pipeline operator Enbridge and Bakken crude shippers including Plains Marketing and Murex.
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May 21- Halliburton Co, the world's second-largest oilfield services company, said on Tuesday that Mexican state oil company Pemex was delaying any significant activity at its Burgos and Chicontepec projects until next year.
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KUWAIT, May 21- Around 80 percent of workers at Kuwait's main, state-run oil services company are on strike calling for better pay, a union official said on Tuesday, the latest sign of wage pressures in the Gulf Arab country.
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MELBOURNE, May 21- A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had expected.
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*European Commission has raided pricing agency Platts. The mid-sized trading company, which deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday.
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SINGAPORE, May 15- U.S. crude futures held steady above $94 a barrel in early Asian trade on Wednesday, snapping the longest losing streak since early-December on rising supplies amid slowing demand growth. U.S. oil gained 9 cents to $94.30 a barrel by 0038 GMT, after ending 96 cents down.
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NEW YORK, May 9- Shipping crude oil by rail has alleviated capacity constraints in the oil-rich Bakken shale in North Dakota, the chairman and chief executive of Continental Resources said on Thursday.
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NEW YORK, May 6- The CME Group intends to launch at least two new U.S. crude oil futures contracts before the end of this year, as the rapid growth in U.S. oil production and infrastructure boosts liquidity in Gulf Coast spot markets.
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May 6- Inergy LP, Inergy Midstream LP and Crestwood Midstream Partners LP said on Monday they have agreed to merge in a series of complex deals to form a $7 billion entity to tap demand for pipeline and storage services in North America's fast-developing shale fields.
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NEW YORK, May 1- Commodity trading merchant Castleton Commodities International LLC said on Wednesday it had completed the purchase of a 1,210 megawatt natural gas and fuel oil-fired electric power plant from Dynegy.
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