Local News

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Vallourec Star announced this morning that it plans to shut down its pipe and tube operations here for a three-week period effective in mid-February. The company, which manufactures oil country tubular goods, or OCTG, pipe for the oil and gas industry, took the measure because of the declining oil and gas market. "In response to the declining oil and gas market, Vallourec Star continues to adapt our operating plans to business demands," the company said in a statement. "The economic realities we are facing require additional action." Vallourec...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Vallourec Star announced this morning that it plans to shut down its pipe and tube operations here for a three-week period effective in mid-February. The company, which manufactures oil country tubular goods, or OCTG, pipe for the oil and gas industry, took the measure because of the declining oil and gas market. "In response to the declining oil and gas market, Vallourec Star continues to adapt our operating plans to business demands," the company said in a statement. "The economic realities we are facing require additional action." Vallourec...

Wednesday, February 4, 2015

DETROIT -- General Motors Co. today announced fourth quarter net income attributable to common stockholders of $1.1 billion, or 66 cents per diluted share, which included a net loss from special items of $0.9 billion or 53 cents per share. For the full year, GM said net income attributable to common stockholders was $2.8 billion, or $1.65 per share, down from $3.8 billion, or $2.38 per share in 2013. 2014 was the fifth consecutive profitable year for the company. “A strong fourth quarter helped us deliver very good core operating results in 2014 despite significant...

Wednesday, February 4, 2015

Author:  Dan O'Brien PITTSBURGH -- As a young reporter assigned to cover the energy sector for The Wall Street Journal more than a decade ago, Russell Gold enjoyed a front-row seat to the birth of a revolution that he says today is sweeping the world. "I saw fracking from its very early stages," says Gold, senior energy reporter for The Wall Street Journal and author of The Boom: How Fracking Ignited the American Energy Revolution and Changed the World. In 2002, companies in Texas exploring for oil and gas in the Barnett shale were...

Wednesday, February 4, 2015

HOUSTON -- EV Energy Partners L.P. plans to sell its interest in the Utica East Ohio Buckeye midstream network in 2015, the company announced Monday. The UEO system includes the Kensington cryogenic plant in southern Columbiana County and a fractionation plant in Scio, Ohio. Last year, the company sold its interest in Cardinal Gas Gathering Services, which collected gas from nearby wells and transported it to UEO's processing plants. EV plans to reduce its midstream capital expenditures by $100 million in 2015 versus the previous year and its exploration and...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Prima Health Care’s new campus in Beaver Township will accommodate continued growth by the company, its president, Nick DeMaiolo, says.  Prima Health Care is targeting “early 2016” to complete construction of the two-story building, which DeMaiolo acknowledges is a “moving target” given northeastern Ohio weather. The 35,000-square-foot building, under construction at 9471 Market St., is estimated to cost $4.25 million, according to the construction permit filed with the township zoning office. The contractor on the project is DeCerbo Construction...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Youngstown State University ranked 10th on a list of the best colleges and universities in Ohio. The list, prepared by CollegeCompare.com, consists of schools that produce a variety of four-year degrees in the state of Ohio based on their performance in an independent evaluation process by the CollegeCompare’s independent research team. The rankings were published in January and announced this week by YSU News. They are updated on a monthly basis to account for the latest research and analysis received by the independent research team. The...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- The Ohio Department of Natural Resources issued 14 horizontal well permits during the week ended Jan. 31 to five companies exploring the Utica shale for oil and gas reserves, the agency reports. According to ODNR's website, Gulfport Energy Corp. received four new permits to drill wells in Belmont County, while Eclipse Resources secured four new permits for wells in Noble County. Energy companies are concentrating exploration efforts in the southern tier of the play, a region that's produced some of the Utica's most powerful wells. American Energy...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Dr. Terry Engelder, professor in the geosciences department at Pennsylvania State University, will speak on “Imbibition: The Major Reason Why Fracking Fluid Is Most Unlikely to Mix With Groundwater Along Natural Pathways” tonight at Youngstown State University. The next installment in YSU’s Speaker Series on Energy and the Environment, the lecture will take place at 7 p.m. in Room B112 of Cushwa Hall. Engelder, a leading authority on the recent Marcellus gas shale play, holds degrees from Penn State, Yale and Texas A&M. He is a professor of...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- In today's "3 Minutes With," Gil Goldberg, district director of the Cleveland District for the U.S. Small Business Administration, discusses combatting “rumors and innuendo” about the Affordable Care Act and getting information out to small businesses about the options they have for providing health-care coverage under the new law. SBA officials participated in a seminar at YSU (READ STORY).    "3 Minutes With" is a daily video feature produced by The Business Journal. To see who's interviewed every business day, CLICK HERE for our free daily headlines, emailed to your...

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