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Industry Headlines

CIRCOR Announces Availability of Historical Segment Information

-1 DAYS AGO

CIRCOR International announced the availability of certain historical segment information reflecting its previously announced organizational realignment beginning in the fourth quarter of 2016.

The new “Energy” segment, including the recent acquisition of Critical Flow Solutions, will prima...

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Curtiss-Wright, Clarke Industrial Engineering Sign Licensing Agreement

-1 DAYS AGO

Clarke Industrial Engineering has entered into a licensing agreement with Curtiss-Wright Corporation, whereby Clarke’s patented and proprietary Shutter Valve technology will be exclusively available to Curtiss-Wright for the worldwide naval defense market, the U.S. maritime homeland security mar...

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New Investments Spur Permian Oil Production Increase

3 HOURS 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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Why is Oil & Gas Slow to Adopt Cloud Technology?

23 HOURS AGO

“There are endless benefits to implementing a cloud-based system, many of which center around less waste and less hassle, but due to operational characteristics, oil & gas companies stand to benefit more than most.”

“Yet, while being among the sectors that stand to gain most fro...

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Industrial Production Sees Largest Rise in More Than Two Years

3 HOURS 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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IMF Raises U.S. Economic Growth Forecast

1 DAY AGO

After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, the International Monetary Fund (IMF) noted in its new World Economic Outlook, there is a wide dispersion of possible outcomes around ...

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AGC: Commercial Construction Spending Dips Slightly in July

Construction spending in July maintained consistent year-over-year growth despite a pullback from the June peak, according to an analysis of new federal data by the Associated General Contractors of America (AGC). Association officials said they expect the disparity between private and public construction to persist unless Washington acts to fix infrastructure funding challenges and pass long-delayed measures.

Power and energy construction fell for the fifth month in a row in July, by 1.4% compared with June, but the total still rose 21% from a year ago, thanks in part to oil and gas activity. Manufacturing construction, which shrank 2.1% for the month but was 17% higher than in July 2011, should resume growing in the coming months.

Public construction remains plagued by budget woes, especially for local governments and school districts. Street construction spending inched down 0.3% in July but was up 5.2% over 12 months, while educational construction spending decreased 0.6% and 5.0% respectively. Other public segments dipped 0.2% for the month and 0.8% year-over-year.

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