Three years after causing an oil-price crash, the shale boom may not be enough to meet rising global demand because the industry has cut back so sharply on higher-risk mega-projects. Discoveries of new reserves this year were the fewest on record and replaced just 11% of what was produced, according...

Manufacturers will save about $261 billion over the next decade thanks to the new Tax Cuts and Jobs Act. On paper, that should lead to new investments — in equipment, in workforce and beyond. Steve Staub was headed west on Interstate 70 on Wednesday afternoon, back to his factory in Dayton after a...

Manufacturers’ optimism has risen to unprecedented heights amid the legislative progress made on tax reform, according to the results of the Manufactures’ Outlook Survey for the fourth quarter of 2017. The study, conducted by The National Association of Manufacturers (NAM), found that 94.6% ...

(Bloomberg) — The world’s largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down. You name it — crude oil, gasoline, diesel, propane and even liquefied natural gas — all were shipped abroad at a record pace. While the surge com...

The manufacturing sector continued to grow at an above-average rate in November, as the impact of back-to-back hurricanes over the summer recedes, according to an industry survey released on Dec. 1. Output spiked and employment remains strong to produce “a really strong report” on the se...

The nation’s oil production climbed nearly 300,000 barrels a day in September, reaching the highest level since its most recent peak in April 2015, the Energy Department said Thursday. Energy companies pumped 9.48 million barrels of oil a day in September, up 3.2 percent compared to the 9.19 m...

Reuters (11/10, DiSavino) reported that “US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015,” as the energy services firm Baker Hughes said drillers brought 9 oil rigs on line during the week of Novem...

The Houston Chronicle (11/6, Eaton) reports, “Texas oil companies have hired more than 30,000 workers over the past year, a sharp turnaround after they laid off a third of the industry’s statewide workforce during the oil bust.” The number of oil and gas workers in the state “reached more th...

Reuters (11/3, Scheyder) reported, “US shale producers are telling investors impatient for better returns that they can keep boosting oil output aggressively and do so while still making money for shareholders.” Investors have “pushed top US shale companies to focus on returns, rather than hig...

Bloomberg News (11/3, Kaskey) reported that after enduring years of under-investment, the US chemical industry is revitalized. “Today,” Bloomberg wrote, “Dow, Exxon Mobil Corp., and Chevron Phillips Chemical Co. are putting the finishing touches on multibillion-dollar factories along the Texas...

What does it take to found a manufacturing company in the United States? Try disruptive ideas, tenacity and a desire to make it in America for a start. “I know from very hard won experience that start-ups are enormously difficult and risky and chances are you’re not going to succeed,” says Kev...

The newly merged DowDuPont said Thursday it’s opening its new ethylene and plastics plants in Freeport, making the nation’s largest chemical giant the first to start up a major ethylene complex along the Texas Gulf Coast. The complex is the crown jewel of the old Dow Chemical’s rec...

We now have a new email for our accounting group here at Champions Machine Tool Sales, Inc. If there are questions or concerns regarding billing, payments, or account status, please feel free feel to contact us at accounting@championscnc.com now. Someone from the accounting department will respond t...

New data from the Federal Reserve Bank of Dallas shows that the oil and gas industry added 4,300 jobs in June, compared to May. Many of those new jobs were in oilfield services, a sign that rising drilling activity was lifting employment. Follow the link provided to read more

NEW YORK, Aug 16 (Reuters) – U.S. crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday. Crude inventories fell 8.95 million barrels in the w...

Women are “chronically” under-represented in the oil and gas industry and the sector is losing out by failing to draw on their skills, a study said on July 12. Women account for just 22% of workers in the oil and gas sector, said the joint study by the World Petroleum Council and Boston ...

The AP (7/6) reports that “Toyota is officially opening its new North American headquarters in Texas.” The AP adds, “The $1 billion project includes a new campus in Plano, outside Dallas,” and the company “plans to move thousands of employees from California and Kentucky and says it will e...

General Electric Co.’s new oilfield services behemoth is poised to capitalize on a recovery from the worst crude crash in a generation — except no one is sure when that will actually happen. The merger of GE’s oil and gas business with Baker Hughes Inc. officially closed Monday, creating a...

Texas manufacturing activity picked up pace in May, surging to its highest level in three years as factories used more of their capacity and produced more goods, the Federal Reserve Bank of Dallas said Tuesday. The Texas production index, a key measure of manufacturing activity, increased 7.9 points...

VIENNA—Saudi Arabia is pushing the OPEC oil cartel and other big producers gathered here this week to extend crude production cuts for another nine months. The reason: the timing of the blockbuster IPO of Saudi Arabian Oil Co., people familiar with the matter said. For the full article, follow the...