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Industry Headlines

Energy Sector Construction Employment Expected to Rise

Monday, 23 January 2017  |  Chris Guy

The Department of Energy released the agency’s second annual analysis, the U.S. Energy and Employment Report (USEER). The report found several e...

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Industry Headlines

Eastern Controls to Distribute ITT & PBM Valves

2 DAYS 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

3 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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Energy Sector Construction Employment Expected to Rise

-1 DAYS AGO

The Department of Energy released the agency’s second annual analysis, the U.S. Energy and Employment Report (USEER). The report found several energy industries with projected increases in new jobs. Responding to the USEER survey of employers, the energy efficiency sector predicted hiring rates ...

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U.S. Energy Companies Add Most Oil Rigs in Four Years

-1 DAYS AGO

According to Baker Hughes, U.S. energy companies “added the most oil rigs in nearly four years” this week, as OPEC’s production cut “boosted prices over $50 a barrel since early December.” A total of 29 rigs were added, “bringing the total count up to 551,” R...

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

2 DAYS 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

5 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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New NABE Survey Shows Increased Optimism about GDP, Fewer Price Pressures

A new survey from NABE suggests an improvement in economic conditions through higher sales and rising profit margins, continued optimism concerning real GDP growth, and continued price stability, although there are some indications of rising price pressures in wages.

“The survey results suggest increased optimism concerning real GDP growth, as well as fewer inflationary or deflationary pressures,” said Dr. Nayantara Hensel, Professor of Industry and Business at National Defense University. “About two-thirds of NABE Industry Survey panelists expect that real GDP will grow at a rate exceeding 2% between the fourth quarter of 2011 and the fourth quarter of 2012. Over 80% of respondents reported unchanged or rising sales and profit margins. The survey results also suggest greater stability in prices.”

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