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Industry Headlines

Industry Headlines

Eastern Controls to Distribute ITT & PBM Valves

1 DAY AGO

Eastern Controls, Inc. (ECI) is now an ITT & PBM factory authorized distributor for New York and northern New Jersey. ECI is the distributor for a variety of sanitary process valves and instrumentation which serve the life sciences industry.

ECI has been awarded factory authorization to sell both I...

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Cameron Signs Two Long-Term Transocean Service Agreements

2 DAYS AGO

Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million.

The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. This comprehensive ag...

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Plains All American Expanding Cactus Pipeline Capacity

2 DAYS AGO

Plains All American (PAA) Pipeline, L.P. is expanding the capacity on its Cactus pipeline from McCamey to Gardendale, TX to approximately 390,000 barrels per day. The expansion will allow PAA to move increasing production volumes from the Permian Basin to Corpus Christi and other delivery points along...

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New Investments Spur Permian Oil Production Increase

3 DAYS 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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Philly Fed: Mid-Atlantic Business Activity Hits Two-Year High

1 DAY AGO

Economic conditions continued to improve in January, according to the Philadelphia Federal Reserve’s Manufacturing Business Outlook Survey. The index for current manufacturing activity in the region increased from a revised reading of 19.7 in December to 23.6 this month. Approximately 40% of t...

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Industrial Production Sees Largest Rise in More Than Two Years

3 DAYS 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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Oregon’s Manufacturing Sector and the Economic Rebound

Oregon Live reports that The Portland area’s manufacturing sector is a bright spot for the slowly recovering economy. Nearly 20 percent of the state's gross state product comes from manufacturing, making it second only to Indiana in the economic influence of manufacturing, said Chris Scherer, executive director of the Oregon Manufacturing Extension Partnership, a private non-profit consulting group.

The state, especially the Portland area, is particularly strong in metals fabrication and machining work, he said. Firms that cut, bend and weld steel for other industrial uses have found plenty of work.

 

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