12122017Tue
Last updateMon, 11 Dec 2017 4pm

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Check Valves in LNG Cryogenic Service

Check Valves in LNG Cryogenic Service

Because natural gas is currently conside...

Will Smart Machines Obsolete Human Resources?

Will Smart Machines Obsolete Human Resources?

Is artificial intelligence (AI) going to...

Is Valve Live Loading an Option?

Is Valve Live Loading an Option?

Valves leak. There’s no getting ar...

Managing Control Valve Reliability in the Arctic

Managing Control Valve Reliability in the Arctic

“A sow and polar bear cub are walk...

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Industry Headlines

Construction Index Remains Strong in November

Monday, 11 December 2017  |  Chris Guy

The Dodge Momentum Index surged again in November, climbing 13.9% to 149.5 from the revised October reading of 131.3. The Momentum Index is a monthly ...

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Will Smart Machines Obsolete Human Resources?

Will Smart Machines Obsolete Human Resources?

Wednesday, 06 December 2017  |  Kate Kunkel

Is artificial intelligence (AI) going to take over manufacturing jobs and the jobs of human resources professionals? That is a question that concerns ...

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Industry Headlines

Classic Controls Certified by ITT Engineered Valves, REXA

4 DAYS AGO

Classic Controls is now certified by ITT Engineered Valves to repair Skotch brand FM approved and general purpose burner shut-off valves for oil and gas fired systems.

REXA, Inc. has also appointed Classic Controls as its exclusive authorized sales representative in the state of Florida. Classic Contr...

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Emerson Completes Paradigm Acquisition

7 DAYS AGO

Emerson has completed the purchase of Paradigm, a provider of software solutions to the oil and gas industry. Paradigm will be combined with Emerson’s Roxar software business to create a more comprehensive Exploration & Production (E&P) software portfolio offering.

Paradigm is headquarter...

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China to Become Second-Largest LNG Importer

4 DAYS AGO

The world’s no. 1 energy user, China, “is on the verge of passing South Korea to become the No. 2 buyer of LNG behind Japan, as environmental measures and winter heating needs boost demand,” Bloomberg reports .

“Tankers with total capacity of 33.6 million metric tons have visited...

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New Permian-Gulf Pipeline Proposed

6 DAYS AGO

Magellan Midstream Partners intends to develop an approximately 375-mile, 24-inch diameter pipeline from Crane to a location near Three Rivers, TX, providing shippers the option to ultimately deliver crude oil and condensate from the Three Rivers area to the Houston area via a new 200-mile pipeline or...

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Construction Index Remains Strong in November

15 HOURS AGO

The Dodge Momentum Index surged again in November, climbing 13.9% to 149.5 from the revised October reading of 131.3. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for non...

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U.S. Adds 228,000 Jobs in November

3 DAYS AGO

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1%, the U.S. Department of Labor reported today. Employment continued to trend up in professional and business services, manufacturing and health care.

In November, manufacturing added 31,000...

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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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