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Industry Headlines

CIRCOR Announces Availability of Historical Segment Information

5 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

5 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

10 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

9 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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Flowserve MaxFlo 3 and NR Diaphragm Actuator Granted SIL 3 Certification

Flowserve Corp. announced the Valtek MaxFlo 3 Valve and NR Diaphragm Actuator achieved Safety Integrity Level (SIL) 3 certification of IEC 61508 Parts 1,2.

SIL is a measurement of the effectiveness of a safety system.  A third-party organization evaluates a safety instrumented function (SIF) and its hardware, considering such factors as redundant architectures, proof test intervals, proof test effectiveness, any automatic diagnostics, average repair time, and specific failure rates of all products and subsystems included in the SIF.

“SIL 3 certification gives Flowserve customers added peace of mind in the safety and reliability of the MaxFlo 3 Valve and NR Diaphragm Actuator,” said Eric Anthony, Director of Marketing, Control Valve Products, Flowserve Flow Control Division.  “We design valves and actuators with performance, reliability and safety in mind, and this certification validates our focus on quality.”

Flowserve partnered with exida Certification S.A., one of the world’s leading knowledge companies specializing in automation system safety and availability, to conduct the SIL certification process. The exida certification process involved an on-site audit and the development of a detailed safety case.

Source: Flowserve

 

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