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Food and Beverage Processing

Food and Beverage Processing

When wandering the grocery store aisles,...

Variable Frequency Drives in Electric Actuators

Variable Frequency Drives in Electric Actuators

Electric actuators are vital for operati...

Braided Packing: An Old Technology with a Modern Twist

Braided Packing: An Old Technology with a Modern Twist

Compression packing is the primary metho...

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Industry Headlines

MRC Global Announces First Quarter 2016 Results

-1 DAYS AGO  |  Chris Guy

MRC Global Inc. today announced first quarter 2016 results. The company's sales were $783 million for the first quarter of 2016, which were 39% lower ...

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Industry Headlines

MRC Global Announces First Quarter 2016 Results

-1 DAYS AGO

MRC Global Inc. today announced first quarter 2016 results. The company's sales were $783 million for the first quarter of 2016, which were 39% lower than the first quarter of 2015 and 19% lower than the fourth quarter of 2015. As compared to last year, reduced customer activity across all segments ...

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CIRCOR Reports First-Quarter 2016 Financial Results

1 HOUR AGO

CIRCOR International announced financial results for the first quarter ended April 3, 2016. In the quarter CIRCOR delivered revenue of $151 million and Adjusted EPS of $0.52.

“CIRCOR delivered solid first-quarter financial results , demonstrating ongoing progress on our margin expansion and simpl...

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Energy Sector Weighs on Construction Starts

3 DAYS AGO

At a seasonally adjusted annual rate of $660.5 billion, new construction starts in March receded 1% from February’s pace, according to Dodge Data & Analytics. Total construction starts had jumped 13% in February, led by a huge gain for the electric utility and gas plant category. The dolla...

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Chevron Investing Billions in The Permian Basin

4 DAYS AGO

At Chevron’s annual security analyst meeting last month, chairman and CEO John Watson said that his company plans on investing billions into oil & gas projects in the Permian Basin.

According to the Hobbs News-Sun , Watson predicted they could be pumping up to 350,000 barrels a day out of West ...

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ISM: Manufacturing Activity Increased in April

-1 DAYS AGO

Manufacturing expanded in April as the PMI registered 50.8%, a decrease of 1% from the March reading of 51.8%, indicating growth in manufacturing for the second consecutive month, following five consecutive months of contraction in manufacturing.

The Institute of Supply Management (ISM) reports that 15...

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House Passes Bill To Lower Import Tariffs On Manufacturers

4 DAYS AGO

This week, the House voted 415-2 for the American Manufacturing Competitiveness Act of 2016. The bipartisan, bicameral bill reforms the way Congress considers legislation for suspending tariffs on products not made in the U.S., what some are calling, “manufacturing tax breaks.” The legis...

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Half of Shell's Production Will Be Gas by 2012, CEO Says

Oil and natural gas are indispensable in a growing world energy market, and Royal Dutch Shell PLC plans to make gas roughly half of its total production by 2012, its chief executive officer said on Oct. 8.

 

“This is not merely a shift in our portfolio. Increasing natural gas production and transportation by liquefying it and shipping the LNG to global markets means that more natural gas will be available to displace coal as the fuel for power plants,” Peter Voser said in an address at the Woodrow Wilson International Center for Scholars.

 

Source: Oil & Gas Journal

 

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