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Industry Headlines

Industry Headlines

Eastern Controls to Distribute ITT & PBM Valves

1 DAY AGO

Eastern Controls, Inc. (ECI) is now an ITT & PBM factory authorized distributor for New York and northern New Jersey. ECI is the distributor for a variety of sanitary process valves and instrumentation which serve the life sciences industry.

ECI has been awarded factory authorization to sell both I...

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Cameron Signs Two Long-Term Transocean Service Agreements

2 DAYS AGO

Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million.

The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. This comprehensive ag...

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Plains All American Expanding Cactus Pipeline Capacity

2 DAYS AGO

Plains All American (PAA) Pipeline, L.P. is expanding the capacity on its Cactus pipeline from McCamey to Gardendale, TX to approximately 390,000 barrels per day. The expansion will allow PAA to move increasing production volumes from the Permian Basin to Corpus Christi and other delivery points along...

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New Investments Spur Permian Oil Production Increase

3 DAYS AGO

The Department of Energy (DOE) said on Tuesday that oil production in the Permian Basin could increase by 53,000 bpd by next month. According to the Energy Information Administration (EIA), that is the largest monthly increase in the region in a year.

“The EIA’s first shale oil forecast o...

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Philly Fed: Mid-Atlantic Business Activity Hits Two-Year High

1 DAY AGO

Economic conditions continued to improve in January, according to the Philadelphia Federal Reserve’s Manufacturing Business Outlook Survey. The index for current manufacturing activity in the region increased from a revised reading of 19.7 in December to 23.6 this month. Approximately 40% of t...

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Industrial Production Sees Largest Rise in More Than Two Years

3 DAYS AGO

Industrial production rose 0.8% in December, the largest increase since November 2014, after falling 0.7% the previous month. For the fourth quarter as a whole, the index slipped 0.6% at an annual rate.

Manufacturing output moved up 0.2% in December, as an increase in durable manufacturing outweighed d...

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Louisiana Shale Could Change Fate of U.S. Energy Supply

Two miles beneath northwest Louisiana's patchwork quilt of forests, cotton fields and pastures, dozens of drill bits are grinding their way toward what may be the nation's energy future.

 

The region around Shreveport has known oil and gas exploration for decades, but it's now buzzing anew as companies try to capitalize on one simple fact — locked into cement-like shale formations thousands of feet underground are potentially huge quantities of natural gas.

 

Source: Houston Chronicle

 

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