After spending years searching for enough crude to pump, the U.S. oil and natural gas industry now is struggling to find and pay for enough skilled workers to tap the abundant supply in shale rock, putting $100 billion in planned petrochemical projects at risk.
Calcasieu Refining Co. plans to start work Nov. 29 on burners in a process heater at its Lake Charles, Louisiana, refinery, according to a filing with the Louisiana Department of Environmental Quality.
The liquidator of Bernard L. Madoff’s firm sued Lion Global Investors Ltd. and at least six other companies to recover at least $172.8 million they allegedly received from investments made with the con man by Fairfield Sentry Ltd.
Natural gas suppliers from Sempra Energy to Exxon Mobil Corp. are fighting for the first U.S. export permits after a study said selling some of the fuel to Asia will benefit the economy more than consuming it domestically.
PPG Industries Inc. declared force majeure for vinyl chloride monomer produced at its Lake Charles, Louisiana, chemicals complex and for all grades of liquid caustic soda after a Dec. 24 fire at the plant.