the purchase of Paradigm, a provider of software solutions to the oil and gas industry. Paradigm will be combined with Emerson’s Roxar software business to create a more comprehensive Exploration & Production (E&P) software portfolio offering.
The world’s no. 1 energy user, China, “is on the verge of passing South Korea to become the No. 2 buyer of LNG behind Japan, as environmental measures and winter heating needs boost demand,”
“Tankers with total capacity of 33.6 million metric tons have visited...
Magellan Midstream Partners intends to develop an approximately 375-mile, 24-inch diameter
from Crane to a location near Three Rivers, TX, providing shippers the option to ultimately deliver crude oil and condensate from the Three Rivers area to the Houston area via a new 200-mile pipeline or...
Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1%, the U.S. Department of Labor
today. Employment continued to trend up in professional and business services, manufacturing and health care.
Manufacturing expanded in November as the
PMI registered 58.2%
, a decrease of 0.5% from the October reading of 58.7%. A reading above 50% indicates that the manufacturing economy is generally expanding.
"This indicates growth in manufacturing for the 15th consecutive month led by expansion in new orde...
ITT’s second-quarter 2010 Fluid Technology revenue of $878 million was up 1 percent on a year-over-year basis, primarily driven by the acquisition of Nova Analytics. Organic revenue was down 4 percent, as improvement in residential markets and strength in U.S. treatment and global dewatering was offset by municipal weakness in Europe and a decline versus a strong year-ago period in oil and mining projects.