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Industry Headlines

CIRCOR Announces Availability of Historical Segment Information

7 HOURS AGO

CIRCOR International announced the availability of certain historical segment information reflecting its previously announced organizational realignment beginning in the fourth quarter of 2016.

The new “Energy” segment, including the recent acquisition of Critical Flow Solutions, will prima...

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Curtiss-Wright, Clarke Industrial Engineering Sign Licensing Agreement

7 HOURS AGO

Clarke Industrial Engineering has entered into a licensing agreement with Curtiss-Wright Corporation, whereby Clarke’s patented and proprietary Shutter Valve technology will be exclusively available to Curtiss-Wright for the worldwide naval defense market, the U.S. maritime homeland security mar...

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New Investments Spur Permian Oil Production Increase

12 HOURS AGO

The Department of Energy (DOE) said on Tuesday that oil production in the Permian Basin could increase by 53,000 bpd by next month. According to the Energy Information Administration (EIA), that is the largest monthly increase in the region in a year.

“The EIA’s first shale oil forecast o...

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Why is Oil & Gas Slow to Adopt Cloud Technology?

1 DAY AGO

“There are endless benefits to implementing a cloud-based system, many of which center around less waste and less hassle, but due to operational characteristics, oil & gas companies stand to benefit more than most.”

“Yet, while being among the sectors that stand to gain most fro...

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Industrial Production Sees Largest Rise in More Than Two Years

12 HOURS 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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IMF Raises U.S. Economic Growth Forecast

1 DAY AGO

After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, the International Monetary Fund (IMF) noted in its new World Economic Outlook, there is a wide dispersion of possible outcomes around ...

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Metso Strengthens its Valve Supply and Service Capabilities in India

Metso has opened a new valve supply and service center in Vadodara, India. The new supply center supports company’s strategy to grow valve business globally and strengthens Metso’s service capabilities in India for major petrochemical, energy, and oil and gas companies such as Reliance Industries Ltd, Indian Oil Corporation, Technip, Praxair India Pvt Ltd and PRAJ Industries Ltd.

This investment is in line with Metso’s long-term strategy to develop and expand its valve offering, delivery and service capabilities for customers in oil and gas, power, pulp and paper industries. It was preceded by a series of investments in Metso’s global offering and presence. Last month Metso announced acquiring a valve technology and service company, Valstone Control Inc. in South Korea. Currently Metso is expanding its valve production premises in the U.S. Last year, Metso opened a new valve technology center in Finland. In 2010 Metso opened a new valve facility in Shanghai, China. Metso also has high-class industrial valve facilities in Brazil and Germany.

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