12052016Mon
Last updateMon, 05 Dec 2016 7pm

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Valves in a Cement Slurry Line

Valves in a Cement Slurry Line

Basically everywhere you look in modern ...

Triple Offset Butterfly Valves

Triple Offset Butterfly Valves

Since their introduction to the market m...

Digital Valve Control Leads to Increased Plant Availability

Digital Valve Control Leads to Increased Plant Availability

Surge is characterized by fast flow reve...

Cast vs. Forged: The Ongoing Debate Takes a New Direction

Cast vs. Forged: The Ongoing Debate Takes a New Direction

In the valve industry, the cast versus f...

The Weekly Report

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Industry Headlines

Fitch: Energy Recovery Should Boost Chemical Companies

Monday, 05 December 2016  |  Chris Guy

Modest reflation in the energy sector should filter through to higher prices for petrochemicals, plastics and other chemicals with energy-related feed...

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Industry Headlines

VMA Members Among Plant Engineering 2016 Product of the Year Finalists

4 DAYS AGO

Several VMA members are among this year’s Plant Engineering Product of the Year finalists. Emerson has products nominated in four different categories, while Siemens has several products nominated in a total of three different categories. Chesterton and Hunt Valve have products up for awards the...

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MSS Publishes Revised American National Standard for Steel Pipeline Flanges and Receives ANSI Approval

5 DAYS AGO

The Manufacturers Standardization Society (MSS) announces that the substantially revised Standard Practice, SP-44-2016, Steel Pipeline Flanges, has been approved by the American National Standards Institute (ANSI) as a Revised American National Standard (ANS).

The first edition of MSS SP-44 was publish...

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Fitch: Energy Recovery Should Boost Chemical Companies

4 HOURS AGO

Modest reflation in the energy sector should filter through to higher prices for petrochemicals, plastics and other chemicals with energy-related feedstocks, resulting in higher sales, earnings and cash flow, according to Fitch Ratings . Market conditions support stable operating profiles for North Am...

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BP Approves $9 Billion Project in Deepwater Gulf of Mexico

7 HOURS AGO

BP has sanctioned the Mad Dog Phase 2 project in the U.S., despite the current low oil price environment. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. The $9 billion projec...

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ISM: U.S. Manufacturing Expands at Best Pace in Five Months

7 HOURS AGO

Manufacturing expanded in November as the Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI) registered 53.2%, an increase of 1.3% from the October reading of 51.9%, indicating growth in manufacturing for the third consecutive month. A reading above 50% indicates that the ma...

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U.S. Adds 178,000 Jobs, Unemployment Rate at 4.6%

3 DAYS AGO

The unemployment rate declined 0.3% to 4.6% in November, and total nonfarm payroll employment increased by 178,000, the Department of Labor reported today. Employment gains occurred in professional and business services and in health care.

Employment in construction continued on its recent upward trend...

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CBO: What an Infrastructure Bank Would Mean for U.S.

Last week the Congressional Budget Office (CBO) released a report weighing the potential benefits and/or drawbacks of the proposed infrastructure bank.

An infrastructure bank, the CBO says, could play a limited role in enhancing investment in surface transportation projects by doing the following:

  • Providing new federal subsidies (in the form of loans or loan guarantees) to a limited number of large projects, and
  • Allowing the benefits of potential projects to be more readily compared in a competitive selection process.

A potential advantage of such a bank is that it could encourage sponsors of projects to charge users for the benefits they receive, which would mean that the subsidies to such projects could be a small percentage of total costs. A second potential advantage is that the selection process could overcome certain barriers to the financing of multijurisdictional or multimodal projects.

A key limitation of providing funding through a federal infrastructure bank is that only some surface transportation projects would be good candidates for such funding, because most projects do not involve tolls or other mechanisms to collect funds directly from project users or other beneficiaries.

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