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Last updateTue, 09 Feb 2016 8pm

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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

Marathon Petroleum Plans $2 Billion Refinery Expansion

-1 DAYS AGO  |  Chris Guy

Marathon Petroleum recently announced plans to invest $2 billion in the Galveston Bay refinery over the next five years, an investment program collect...

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Industry Headlines

ASCO Announces Brand Transition

-1 DAYS AGO

ASCO Numatics, a business unit of Emerson, will begin doing business as ASCO, effective immediately. The transition to the ASCO name will be made on a global basis. It will not affect customer purchasing processes or sales channels.

The company said the ASCO name will leverage the power of its ASCO...

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GE Oil & Gas and Diamond Offshore Enter Landmark Service Agreement

18 HOURS AGO

GE Oil & Gas and Diamond Offshore Drilling, Inc. announced the offshore drilling industry’s first-of-its-kind contractual service agreement that transfers full accountability for BOP performance to GE Oil & Gas. Under this model, Diamond Offshore will compensate GE Oil & Gas only w...

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Marathon Petroleum Plans $2 Billion Refinery Expansion

-1 DAYS AGO

Marathon Petroleum recently announced plans to invest $2 billion in the Galveston Bay refinery over the next five years, an investment program collectively referred to as the South Texas Asset Repositioning (STAR) program.

"The investments planned as part of the STAR program are intended to increas...

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U.S. Oil Inventories Now at Record High

4 DAYS AGO

Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel, including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and non-energy commodity markets, and the potential for additional crude oil supply to enter the mark...

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

-1 DAYS 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 DAYS 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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National Association of Manufacturers Urges Congress to Support Export-Import Bank Reauthorization

On Friday National Association of Manufacturers president and CEO Jay Timmons issued this statement after House Majority Leader Eric Cantor (R-VA) and Minority Whip Steny Hoyer (D-MD) reached an agreement on bringing legislation to the House floor to reauthorize the Export-Import (Ex-Im) Bank:

“Leaders on both sides of the political aisle came together today to prevent the unilateral economic disarmament of the United States on the issue of export financing. Our international competitors are aggressively promoting exports and capturing markets, while some in Congress have been working to eliminate a vital tool for job creation. Today Rep. Cantor and Rep. Hoyer displayed much-needed leadership to bring both parties together to save the Ex-Im Bank and protect nearly 290,000 jobs.

The bill announced today to reauthorize the Bank and increase its lending cap brings us a step closer to protecting these jobs and will be a vital tool for small manufacturers exporting to new markets. It is essential to manufacturers’ global competitiveness, and we are pleased that Majority Leader Cantor and Minority Whip Hoyer have come together on an authorization. We cannot grow jobs and the economy without exports, and Ex-Im has to play a role in that effort.

Manufacturers appreciate the work of House leadership on this issue that is so critical to our manufacturing economy. Manufacturing employs 12 million men and women in the U.S. Small businesses drive our economy and cannot afford for Ex-Im’s authorization to expire. We urge all members of the House to support this jobs legislation, and we hope the Senate will also move forward quickly. The Ex-Im Bank means jobs and increased exports, which will help us grow our economy and remain competitive.”

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