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Industry Headlines

Industry Headlines

Cameron Signs Two Long-Term Transocean Service Agreements

12 HOURS AGO

Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million.

The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico. This comprehensive ag...

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Total Valve Systems, Continental Disc/Groth Sign Distributorship Deal

13 HOURS AGO

Total Valve Systems (TVS) announces a new distributorship with Continental Disc (CDC) and Groth Corporation. The two companies will provide customer service and relief & vacuum products to customers worldwide. Total Valve Systems will be responsible for sale and distribution to Oklahoma, Kansas, T...

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Plains All American Expanding Cactus Pipeline Capacity

12 HOURS AGO

Plains All American (PAA) Pipeline, L.P. is expanding the capacity on its Cactus pipeline from McCamey to Gardendale, TX to approximately 390,000 barrels per day. The expansion will allow PAA to move increasing production volumes from the Permian Basin to Corpus Christi and other delivery points along...

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New Investments Spur Permian Oil Production Increase

1 DAY 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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Industrial Production Sees Largest Rise in More Than Two Years

1 DAY 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

2 DAYS 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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Locating American Manufacturing: Trends in the Geography of Production

With the slight resurgence of U.S. manufacturing in the recent years—termed a potential “manufacturing moment” by some—it is important to consider not just the future of manufacturing in America but also its geography says a new report from The Brookings Institution. Geographic considerations are, in fact, central to whether the slow growth of U.S. manufacturing jobs during the last two years signals a renaissance of American manufacturing or merely a temporary respite from long-term decline.

General Electric CEO Jeffrey Immelt recently stated: [T]oday at GE we are outsourcing less and producing more in the U.S. . . . When we are deciding where to manufacture, we ask, ‘Will our people and technology in the U.S. provide us with a competitive advantage?’ Increasingly, the answer is yes.

The people and technology that Immelt sees as crucial to his company’s decisions to increase manufacturing in the United States are place-specific. Those locations—especially metropolitan areas— help create the conditions that give firms such as GE a competitive advantage from manufacturing in the United States.

For the complete report (.pdf) click here

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