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Last updateWed, 20 Jun 2018 6pm

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From Cannon Balls to Pressure Seals: Graphite for Sealing

From Cannon Balls to Pressure Seals: Graphite for Sealing

From time to time, we re-publish well-re...

Gaskets Are Not Created Equal

Gaskets Are Not Created Equal

Gaskets are near the bottom of the food ...

Your Valves May Be Weaponized

Your Valves May Be Weaponized

The advent of the Internet of Things (Io...

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Industry Headlines

Global LNG Trade Growing, Led by Australia and the U.S.

Wednesday, 20 June 2018  |  Chris Guy

Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) in 2017, a 10% (3.5 Bcf/d) increase from 2016 and the larg...

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Industry Headlines

Metso Receives Major Valve Orders in China

1 DAY AGO

Metso has received two valve orders totaling 8,200 valves from major pulp and paper customers in China. The orders are booked in Metso's first quarter 2018 orders received. The total value of the orders and the company names are not being disclosed. Broadly covering China's mid and high-end customers ...

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A-T Controls Names Andy Cheney Southwest Regional Manager

5 DAYS AGO

A-T Controls recently announced the addition of Andy Cheney as the company’s new southwest regional manager, effective immediately.

Cheney’s new role will cover California, South Nevada, Arizona and New Mexico. He has over twenty years in the valve and automation business and is very famil...

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Global LNG Trade Growing, Led by Australia and the U.S.

7 HOURS AGO

Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) in 2017, a 10% (3.5 Bcf/d) increase from 2016 and the largest annual volume increase since 2010, according to the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers...

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U.S. Natural Gas Production Could Grow 60% Over Next 20 Years

7 HOURS AGO

A decade since the start of a shale gas revolution that unlocked new supplies and resulted in a “wholesale turnaround” in U.S. production, the overall size of recoverable gas reserves continues to increase and the pace of production growth is only accelerating, a new report by IHS Markit s...

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Texas Economy Continues to Expand at “Solid Pace”

10 HOURS AGO

The Texas economy is expanding at a solid pace. Employment has grown at a 3.6% annualized rate through May, driven by job gains in the goods-producing sector. Unemployment remains near its historical low, and labor markets are tight. The Dallas Fed’s Texas Business Outlook Surveys (TBOS) suggest...

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Consumer Sentiment Climbs to Three-Month High

1 DAY AGO

Consumer sentiment rose slightly in early June due to consumers' more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables. The Expectations Index declined to its lowest level since the start of the year due to less f...

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Reed Construction Data Highlights New Developments in Commercial Construction

Nonresidential construction spending fell 0.7% from June to $298.8 billion, while year-to-date nonresidential construction spending was up 8.4% from the same period for 2011 notes Reed Construction Data U.S. chief economist Bernard M. Markstein. June numbers were revised down $1.3 billion. As a result, instead of rising 0.3% as was originally reported, June spending declined 0.1%. July construction spending increased 0.2% for office, 0.4% for health care, and 0.7% for public safety.

Manufacturing construction spending fell 2.2% in July after having increased the previous five months. Despite July’s drop, year-to-date spending was up 31.7% over the same period last year.

July heavy engineering construction spending slumped 0.6% from June to $264.3 billion, while year-to-date spending rose 10.7% from the same period in 2011. June’s spending was revised down $2.0 billion. Thus, June’s decline was revised down from the previously reported 0.2% to a 1.1% fall. Transportation spending, which jumped 1.3%, was the only major heavy engineering area to advance in July.

Private construction spending decreased $6.9 billion in July, a 1.2% drop from June. However, this was only its second time private spending has fallen over the previous 12 months. On a year-to-date basis, private spending advance 15.8% from the same period in 2011.

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