02122016Fri
Last updateThu, 11 Feb 2016 3pm

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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

12 HOURS 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

12 HOURS 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

1 DAY 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

1 DAY 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

1 DAY 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

2 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

2 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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Spending Rises, but Other Data Still Subdued

Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items. But the increase is expected to be fleeting given all the problems facing the economy.

A batch of fresh reports Monday showed little signs of an economic rebound, with nonresidential construction spending falling to its lowest level in more than a decade and manufacturing activity contracting for a 13th straight month.

Source: Associated Press

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