U.S. Water-Network Pipes Reflect Aging Infrastructure
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
According to projections from the EPA, water-pipe replacement rates will peak in 2035 at 16,000 to 20,000 miles of pipes replaced per year—four times the current annual replacement rate of 4,000 to 5,000 miles.
#water-wastewater
Biden Administration Aims to Overhaul Oil and Gas Leasing
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
The report seeks a middle ground that would continue the multi billion-dollar leasing program while reforming it to end what many officials consider overly favorable terms for the industry.
Samsung to Build $17B Semiconductor Factory in Texas
Edited by Margo Ellis, Former Editor, Valve Magazine
The tech giant looks to ease the global shortage of chips used in phones, cars and other devices.
52 Nations Sign Coal to Clean Power Transition Statement
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
Zero of the countries with the top three largest coal-fired power fleets – China, India and the U.S. – are signatories.
Infrastructure Bill Becomes Law
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
The law includes $550 billion worth of new spending; it is reportedly funded by unspent COVID-19 relief funds, increased tax enforcement on cryptocurrency, spectrum auctions for 5G and petroleum reserve sales.
Biden Administration Leases Federal Regions for Offshore Wind
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
This project is part of Biden’s commitment to generate at least 30 GW of offshore wind energy by 2030 and his pledge to cut U.S. fossil fuel emissions in half.
MRC Global Elects Two New Members to Board of Directors
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
George Damiris and Ronald Jadin have joined MRC Global’s board of directors.
#VMAnews
U.S. Oil Producers Face Supply Chain Shortages as Demand Rises
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
According to an article by Reuters, this could mean it takes longer for global output to match demand, resulting in drained inventories and higher prices.
Baker Hughes Releases Third Quarter Report
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
Baker Hughes experienced orders of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year. Revenue was $5.1 billion for the quarter, down 1% sequentially and up 1% year-over-year.
#VMAnews
Survey Reports Most Employees Want Stronger Data Protection Standards
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
A survey conducted by TripWire polled 306 IT employees at both private companies and public agencies; the respondents worked within the federal government, manufacturing sectors and energy and technology industries.
#standards