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ITT Corp. to receive compensation after patent infringement settlement

January 14, 2014
The settlement follows a lawsuit that ITT and Goulds Pumps launched in 2012 in federal court against Wisconsin-based Summit.
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ExxonMobil launches new capacity at Singapore chemical plant

January 13, 2014
U.S. energy company ExxonMobil has announced the opening of its expanded chemical plant in Singapore that will be able to process crude oil, as well as other commodities.
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Fracking companies in California ordered to report offshore chemical discharges

January 13, 2014
The new regulation will apply only to new drilling activities on about 20 platforms situated in federal waters close to the Santa Barbara coast.
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Chemical spill contaminates drinking water in nine West Virginia counties

January 13, 2014
West Virginia Governor Earl Ray Tomblin announced a state of emergency in nine counties on Thursday, Jan. 9, after a chemical spill that contaminated the Elk River resulted in a water ban estimated to affect about 200,000 customers of the West Virginia American Water utility.
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Global crude oil demand to increase in 2014

January 10, 2014
This rise in consumption is attributed to demand from countries outside of the Organization for Economic Cooperation and Development, led by China.
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US crude oil export ban should be lifted, Chamber of Commerce says

January 10, 2014
The pressure on the federal government to lift the ban on U.S. crude oil exports is building, after the U.S. Chamber of Commerce joined the long list of industry groups, trade bodies and organizations that are demanding an end to the restriction.
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North Dakota train accident will not affect rail movements of crude, analysts say

January 8, 2014
While the North Dakota incident might lead to increased regulatory scrutiny, experts believe that it will not significantly affect the use of rail as a means of transporting oil.
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US plastic foams industry reverses decline, starts to recover

January 8, 2014
Following several years of subdued demand, the U.S. plastic foams industry is set to recover and start expanding over the years through 2017.
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Fracking-related water contamination confirmed in several states

January 8, 2014
At least three states -- Pennsylvania, Ohio and West Virginia -- have confirmed water pollution in response to complaints related to hydraulic fracturing operations.
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Federal agencies propose measures to improve chemical plant safety

January 8, 2014
Following the deadly blast at the fertilizer plant in April that killed 15 people and injured hundreds, President Obama requested a plan to prevent similar incidents and mitigate their impact.
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