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Last updateFri, 12 Feb 2016 5pm

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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

ITT Reports 2015 Fourth-Quarter, Full-Year Results

1 DAY AGO

On a GAAP basis, ITT delivered revenue of $2.5 billion in 2015, reflecting a 6% decline, primarily due to the impact of unfavorable foreign exchange of $194 million. GAAP operating income increased 43%.

Organic revenue in the Industrial Process segment decreased 6%, reflecting strength in short-cyc...

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MRC Global Signs Agreement to Sell OCTG Business

2 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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EPA Halts Implementation of Clean Power Plan

1 DAY AGO

Earlier this week, in a 5-4 decision, the U.S. Supreme Court granted an industry motion to stay the EPA’s Clean Power Plan while the lower courts determine its legality. Last fall a lawsuit was filed on behalf of more than two dozen states, utilities and industry groups.

“States did not...

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IHS: North American Drillers Need Billions More in Cuts

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

4 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

4 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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MRC Global Announces Executive Management Changes and Promotions

MRC Global Inc. announced that it is combining its Business Development and Supply Chain management into one group. Alan Colonna has been promoted to executive vice president to lead the combined group, which will focus on excellence in buying and selling MRC products.

MRC also named Rory Isaac and Gary Ittner executive vice presidents of corporate strategy and mergers & acquisitions, and both will lead the company's corporate strategy and merger and acquisition efforts. All of the executive changes become effective Sept. 1, 2012.

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