05302016Mon
Last updateFri, 27 May 2016 2pm

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Industry and Regulatory Changes in Offshore Operations

Industry and Regulatory Changes in Offshore Operations

On May 13, 2016, the offshore oil and ga...

Strategies for Successful SIS Valve Diagnostic Implementation

Strategies for Successful SIS Valve Diagnostic Implementation

End users and contractors alike strive t...

Stop Check Valves

Stop Check Valves

Stop check valves are vital to several i...

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Industry Headlines

ValvTechnologies Names Garcia, Mermelstein to New Positions

4 DAYS AGO
ValvTechnologies Names Garcia, Mermelstein to New Positions

ValvTechnologies, Inc. has named David Garcia director of manufacturing and Steve Mermelstein as regional director, Americas and director, channel management.

Previously, West Point graduate Garcia served as director of operations for Merla Wellhead Solutions and held plant manager positions at Hallib...

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Emerson Automating UK Waste-to-Energy Plant

4 DAYS AGO

Emerson will provide control systems and project services for a new waste-to-energy power plant near Knaresborough Allerton, North Yorkshire, UK. Construction is expected to be completed in 2017, with the plant fully operational in 2018.

The plant , which will also incorporate biogas and recycling faci...

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U.S. Still Top Producer of Petroleum, Natural Gas Hydrocarbons

3 DAYS AGO

The U.S. remained the world's top producer of petroleum and natural gas hydrocarbons in 2015, according to U.S. Energy Information Administration estimates . U.S. petroleum and natural gas production first surpassed Russia in 2012, and the U.S. has been the world's top producer of natural gas since 20...

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Why $50/Barrel Oil Means Stability to U.S. Producers

3 DAYS AGO

The rise to $50-per-barrel oil means a return to stability, particularly for domestic shale producers, according to Dan K. Eberhart, CEO, Canary, LLC. At this level , companies that saw the value of their product drop more than 75% in less than two years might have the confidence to resume drilling ac...

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Survey: Manufacturing Execs Investing in Advanced Tech

3 DAYS AGO

 A convergence of disruptive factors such as new technologies, increasing competition, and pricing pressures, is forcing manufacturers to increase investment in new products and services as they seek to innovate manufacturing capabilities, according to the 2016 KPMG Global Manufacturing Outlook ...

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Durable Goods Orders Surge 3.4%, But Demand Soft

3 DAYS AGO

New orders for manufactured durable goods in April increased $7.7 billion or 3.4% to $235.9 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months, followed a 1.9% March increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new or...

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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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