Customer interest assessed
TULSA — Magellan Midstream Partners LP has launched an open season to assess customer interest in transporting crude oil from the partnership's terminal in Galena Park, Texas. The potential project would include construction of new pipeline infrastructure to move oil from Magellan's terminal to its distribution system serving refineries in the Houston area. Interested customers must submit binding commitments by Jan. 21.
Williams Cos. completes move
TULSA — The Williams Cos. Inc. has completed its investment in Access Midstream Partners LP and its general partner. Williams acquired its stake in Access Midstream for $2.25 billion. Williams had been prepared to spend up to $2.4 billion, but its investment was reduced due to closing adjustments and Access Midstream's efforts to raise capital for its acquisition of pipeline assets from Chesapeake Energy Corp.
Paycom makes record donation
Paycom on Friday made the largest employee and company combined donation The Salvation Army of Central Oklahoma has received this year. The payroll company donated nearly $32,000 raised through a raffle where the company matched $1.50 for every $1 provided by employees.
Boeing engineers use potatoes
CHICAGO — Engineers at aircraft maker Boeing Co. are using an odd mix of high and low-tech tools as they strive to iron out weak spots in onboard wireless Internet signals. The Chicago-based company's researchers needed full planes to get accurate results during signal testing, but they couldn't ask people to sit motionless for days while data was gathered. Boeing spokesman Adam Tischler says that's where potatoes come into the picture. It turns out that because of their water content and chemistry, potatoes absorb and reflect radio wave signals much the same way as the human body. So, Boeing engineers put sacks of potatoes in seats to stand in for passengers. The company says the work has greatly improved Internet connectivity on its planes.
Chevrolet, GMC recall trucks
A welding error by a supplier has forced the recall of 119,000 Chevrolet Colorado and GMC Canyon trucks from the 2010 through 2012 model years, according to the National Highway Traffic Safety Administration. The error, discovered by General Motors during the inspection of faulty hoods on several vehicles, caused a secondary latch to be left off the construction of the hood. If the primary hood latch is not engaged, the hood could open unexpectedly. During vehicle operation, this could obstruct the view of the driver and increase the risk of a crash, the NHTSA said Monday. GM said that while inspecting a hood from one of the vehicles last month, it found there was no evidence of welds for the mandated secondary latch, suggesting that the latch assembly missed the weld station at the latch plate supplier.
Possible port strike could affect nation's retailers and farmers
The nation's retailers, manufacturers and farmers are bracing for a possible strike that could idle U.S. ports all along the Eastern Seaboard and Gulf Coast. That walkout could begin as early as Sunday after the midnight Saturday expiration of a 90-day extension of a contract between the International Longshoremen's Association and several shipping lines, terminal operators and port associations. U.S. military shipments and so-called “bulk” cargo that is not carried in 20-foot to 40-foot long steel cargo containers would not be affected. But the vast majority of the goods sold by U.S. retailers would be affected, as would a portion of the country's agricultural exports.
From Staff and Wire Reports