Daniel Hogge has been
district manager of Wolseley Industrial Group’s Mid-Atlantic region, which includes Georgia, South Carolina and North Carolina and most of Florida and Virginia. Effective Aug. 1, Hogge will be responsible for managing the financial results of Wolseley Industrial G...
OneSubsea, a Schlumberger company, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the Otter field in the UK North Sea. OneSubsea leverages Cameron flow control, process technologies and m...
In EIA’s latest Short-Term Energy Outlook (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018,
EIA expects crude oil production
to reach an average of 9.9 million b/d, which would surpass the previous rec...
The tight oil sector has struggled to generate positive cash flow since 2010. Last year, only one company in the sector posted positive cash flow. But there is light at the end of the tunnel. Wood Mackenzie’s
When will tight oil make money?
" calculates that the five largest tight oil...
The Conference Board Consumer Confidence Index, which had declined marginally in June (a downward revision),
improved in July
. The Index now stands at 121.1, up from 117.3 in June. The Present Situation Index increased from 143.9 to 147.8, while the Expectations Index rose from 99.6 last month to 103...
July data revealed a further acceleration in business activity growth across the U.S. private sector. At 54.2, up from 53.9 in June, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index signaled the strongest rate of expansion since January.
An Associated Press investigation found that the utility, Pacific Gas & Electric Co., agreed as far back as 1997 that remotely operated valves did a better job of protecting public safety than manual ones. But it opted against using them widely across its network of high-pressure transmission lines, saying they weren't necessary or required.