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Is Your Favorite a 2016 Top 10 Article?

Is Your Favorite a 2016 Top 10 Article?

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Portable Alloy Verification Devices

Portable Alloy Verification Devices

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Force and Direction Controls for Valve Actuators

Force and Direction Controls for Valve Actuators

Valve actuators deliver either linear or...

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Industry Headlines

PA Town Approves $6B Shell Ethane Cracker Plant

Monday, 16 January 2017  |  Chris Guy

Potter Township in western Pennsylvania has granted a conditional use permit for a $6 billion petrochemical plant to be built by Shell Chemicals. The ...

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Industry Headlines

David Paradis Named President of Weir Flow Control Division

3 DAYS AGO

The Weir Group PLC has appointed David Paradis to its group executive as president of the Weir Flow Control Division. He will take up this new role on January 23, 2017. Paradis succeeds John Heasley who was appointed Weir Group CFO in October 2016.

Paradis is currently president of Weir Oil & Gas&r...

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GE, Transocean Announce Performance-Based Service Agreement

5 DAYS AGO

GE Oil & Gas has secured a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean. Under the agreement , GE will provide condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 t...

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PA Town Approves $6B Shell Ethane Cracker Plant

17 HOURS AGO

Potter Township in western Pennsylvania has granted a conditional use permit for a $6 billion petrochemical plant to be built by Shell Chemicals. The location was chosen because more than 70% of North American polyethylene customers are within a 700-mile radius of Pittsburgh, PA. More state and fede...

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$4.17B Canadian Trans Mountain Pipeline Expansion Approved

4 DAYS AGO

Kinder Morgan’s Trans Mountain Expansion Project has received its environmental certificate from British Columbia, Canada. The proposed $4.17 billion Trans Mountain Expansion Project would increase the capacity of the pipeline to 890,000 barrels per day. The current capacity of the pipeline is 3...

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Texas Economy Poised to Shift into ‘Second Gear’ in 2017

17 HOURS AGO

Texas job growth should increase slightly from 1.6% in 2016 to about 2% in 2017, says Federal Reserve Bank of Dallas assistant vice president and senior economist Keith Phillips.

“Job growth picked up in the second half of 2016 due to a stabilization of the energy sector,” Phillips said. ...

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World Bank: U.S. Could Boost Global Economy in 2017

4 DAYS AGO

Global growth for 2017 is projected at 2.7%, 0.1% lower than the June 2016 forecast, and 0.4% higher than the estimate for 2016. Going forward, according to the World Bank, global growth is projected to pick up modestly, reaching 2.9% by 2018.

Downside risks to global growth include increasing policy u...

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Tyco Flow Control Reports Second Quarter 2012 Results

Tyco's Flow Control segement reports revenue of $996 million increased 24% in the quarter with organic revenue growth of 21%. Organic revenue grew 18% in Valves, 21% in Water and 32% in Thermal Controls. Excluding the impact of foreign currency, orders increased 21% year-over-year and backlog increased 4% on a quarter sequential basis to $1.9 billion.

Operating income was $111 million and the operating margin was 11.1%. Operating income before special items was $114 million and the operating margin was 11.4%. Operating income was negatively impacted by mix in Thermal Controls related to lower sales of higher margin products due to an unseasonably warm winter in North America. Additionally, operating income included a $4 million charge associated with a water project retained from a prior divestiture. The company estimates that these two items had a total impact of $10 million or about 100 basis points on operating income before special items.

For the complete report click here

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