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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Consumer Confidence Increases After Four Consecutive Declines

The Conference Board Consumer Confidence Index, which had declined in June, improved slightly in July. The Index now stands at 65.9, up from 62.7 in June.

Consumers' appraisal of current conditions eased in July. Those claiming business conditions are "good" declined to 13.8% from 14.2%, while those saying business conditions are "bad" decreased to 34.2% from 35.9%. Consumers' assessment of the labor market was also mixed. Those stating jobs are “hard to get" declined to 40.8% from 41.2%, while those claiming jobs are "plentiful" decreased to 7.8% from 8.3%.

On the other hand, consumers were generally more optimistic about the short-term outlook in July. The percentage of consumers expecting business conditions to improve over the next six months rose to 18.9% from 16.0%, while those anticipating business conditions will worsen decreased to 14.6% from 15.8%. Consumers’ outlook for the labor market was also more upbeat in July. Those expecting more jobs in the months ahead increased to 17.6% from 14.8%, while those anticipating fewer jobs edged down to 20.3% from 20.8%. The proportion of consumers expecting an increase in their incomes, however, declined to 14.2% from 15.3%.

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