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Introduction to Pressure Relief Devices - Part 1

Introduction to Pressure Relief Devices - Part 1

When the pressure inside equipment such ...

Is Your Company Ready for The New Reality?

Is Your Company Ready for The New Reality?

Since August, 2015, when VMA’s 201...

Offshore Oil Extraction and Transportation

Offshore Oil Extraction and Transportation

Offshore oil facilities come to the fore...

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Industry Headlines

MRC Global Signs Agreement to Sell OCTG Business

-1 DAYS AGO  |  Chris Guy

MRC Global Inc. has entered into a definitive agreement to sell its U.S. Oil Country Tubular Goods (OCTG) business to Sooner Pipe, LLC, a subsidiary o...

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Industry Headlines

MRC Global Signs Agreement to Sell OCTG Business

-1 DAYS AGO

MRC Global Inc. has entered into a definitive agreement to sell its U.S. Oil Country Tubular Goods (OCTG) business to Sooner Pipe, LLC, a subsidiary of Marubeni-Itochu Tubulars America, Inc., for $48 million, subject to certain adjustments.

MRC Global's U.S. OCTG sales were approximately $305 milli...

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PM International Suppliers Joins VMA

18 HOURS AGO

This week VMA welcomes PM International Suppliers, LLC as our newest associate member (distributor/channel partner), our 2nd new member of 2016 so far.

PM International supplies pipe and fittings, tubing, valves, flanges, bars, sheet and forgings with numerous worldwide sources for a wide variety o...

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IHS: North American Drillers Need Billions More in Cuts

14 HOURS AGO

The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow, accordin...

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Energy Sector Bracing for More Bankruptcy Filings in 2016

15 HOURS AGO

“In 2015, the energy sector accounted for more than one-half of all public company bankruptcy filings, including eight of the 10 largest filings. Current oil prices and bond values indicate that 2016 will be another active year,” according to McGuireWoods Consulting.

“To account f...

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U.S. Job Openings Climb to Second-Highest Level on Record

1 DAY AGO

The number of job openings increased to 5.6 million in December, the second highest number ever recorded, the U.S. Bureau of Labor Statistics reported today. Hires and separations were little changed at 5.4 million and 5.1 million, respectively. Within separations, the quits rate was 2.1%, and the l...

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Machine Tool Orders Rose in December, Down in 2015

1 DAY AGO

The U.S. Manufacturing Technology Orders report for December 2015 showed that order values grew 20.4% compared to the prior month, according to The Association for Manufacturing Technology (AMT). For all of 2015, the year’s total orders were down 17.4% compared to 2014.

While the month-to-mon...

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EPA Proposes New Clean Air Standards for Soot Pollution

In response to a court order, the EPA Friday proposed updates to its national air quality standards for harmful fine particle pollution, including soot (known as PM2.5). These microscopic particles can penetrate deep into the lungs and have been linked to a wide range of serious health effects, including premature death, heart attacks, and strokes, as well as acute bronchitis and aggravated asthma among children. A federal court ruling required EPA to update the standard based on best available science. The proposal, which meets that requirement, builds on steps already taken by the EPA to decrease pollution across the country. The EPA says 99% of U.S. counties are projected to meet the proposed standard without any additional action.

In response to the EPA's announcement, NAM President and CEO Jay Timmons criticized the move, stating: “The scope and damaging impact the EPA’s new standard will have on manufacturers across the country, both large and small, is troubling. Essentially this standard will result in strict regulations on any kind of existing facility, while restricting new permit requirements for the development of new facilities. This standard will also place certain counties in a ‘penalty box’ and make them less attractive to new business.”

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