U.S. Southwest Ranks First in North American Refinery Turnaround Spending

Industrial Info is tracking $1.87 billion in planned refinery turnaround spending in North America with kickoffs in 2019. The Southwest region, home to approximately 50% of the U.S. refining capacity, ranks the highest in terms of spending, with just over $733 million planned this year. Western Canada...

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Oil Majors to Increase Offshore Spending

“After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines,” Bloomberg reports .

“The...

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Fed: Optimism on Economy Fading in Much of U.S.

Economic activity increased in most of the U.S., with eight of twelve Federal Reserve Districts reporting modest to moderate growth. The majority of districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors.

Outlooks generally remained po...

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Empire State Index Lowest in Over a Year

Business activity grew slightly in New York State, according to firms responding to the January 2019 Empire State Manufacturing Survey. The headline general business conditions index fell eight points to 3.9, its lowest level in well over a year. New orders increased at a slower pace than in recent mo...

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