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Relevance in a Digital Age

Relevance in a Digital Age

The distribution model of the past 50 ye...

Video Game Technology Changing the  Offshore Industry

Video Game Technology Changing the Offshore Industry

One of the most powerful innovations in ...

Reshoring, Robots and What Happens if We Do Bring Jobs Back?

Reshoring, Robots and What Happens if We Do Bring Jobs Back?

While offshoring is painted as the major...

The Weekly Report

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Industry Headlines

ExxonMobil, SABIC Plan $10B Petrochemical Plant Near Texas Coast

Thursday, 20 April 2017  |  Chris Guy

ExxonMobil Chemical Company and Saudi Arabia Basic Industries Corp. (SABIC) have selected a site in San Patricio County, TX for potential development ...

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Industry Headlines

VanAire Names Steven Soderman CEO, Quality Manager

3 DAYS AGO

Steven Soderman has joined the leadership team of VanAire, Incorporated as CEO and quality manager. Bill VanDeVusse will continue in his role as president having previously filled the positions of both president and CEO.

Soderman has held key quality positions throughout his career most recently fillin...

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Chromatic Industries Adds Two Former Cameron Executives

4 DAYS AGO

Mark Gamber has joined Chromatic Industries as CEO effective April 10, 2017. Wayne Hall will continue in his role as president. Gamber most recently served as vice president of operations at Cameron in its Distributed Valves Group.

Additionally, Mark Cordell has joined Chromatic as a senior advisor. Be...

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ExxonMobil, SABIC Plan $10B Petrochemical Plant Near Texas Coast

3 DAYS AGO

ExxonMobil Chemical Company and Saudi Arabia Basic Industries Corp. (SABIC) have selected a site in San Patricio County, TX for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. The proposed project is one of 11 ExxonMobil announced as part of its 10-year, $20 bill...

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Visibility Clears on 2nd Wave of U.S Petrochemical Projects

5 DAYS AGO

The visibility into the second leg of U.S. petrochemical expansions is getting clearer, according to ICIS Chemical Business. While many projects were shelved or in doubt amid the crude oil price decline in 2014-2015, the recent relative stability in oil coupled with a renewed sense of optimism on lo...

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Fed Beige Book Showing Continued Economic Expansion

3 DAYS AGO

Economic activity increased in each of the twelve Federal Reserve Districts between mid-February and the end of March, with the pace of expansion equally split between modest and moderate . In addition, the pickup was evident to varying degrees across economic sectors.

Manufacturing continued to expand...

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IMF Raises Global Growth Forecast to 3.5% This Year

3 DAYS AGO

Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing and trade, according to the IMF’s World Economic Outlook. World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018. Stronger activity, expectations of more robust ...

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Cameron First Quarter Earnings Released

Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. The first quarter 2011 results included after-tax charges of $7.0 million, or $0.03 per diluted share, primarily related to litigation costs associated with the Deepwater Horizon matter.

Revenues were $1.8 billion for the quarter, up 20 percent from $1.5 billion a year ago, and income before income taxes was $171.8 million up 23 percent from $139.9 million (including the $8.9 million pretax charge) a year ago. Cameron chairman, president and CEO Jack B. Moore said that the year-over-year revenue increase was due to gains in Drilling & Production Systems and Valves & Measurement.

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