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Market Outlook 2015: Oil Joins Gas in the Spotlight

MOW ARTWORKNatural gas returned as star of the show at the 2014 VMA Market Outlook Aug. 14-15 in Boston, but it shared the stage this year with oil. Speakers said those two commodities promise to alter the flow of trade around the world and rebuild the North American economy. Speakers also said the economy has met the expectations for growth that many predicted would finally bury the Great Recession in the past.

 

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Evaluating and Proving SIS Safety Levels

14 sum SIS introBecause the equipment used in a safety instrumented system (SIS) application has a critical job, such equipment must be carefully evaluated and justified. This justification must be based on information sufficient for giving those responsible adequate confidence that the equipment will perform as needed for the intended application.

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Mitigating the Effects of Cycling a Power Plant

14 sum mitigatingSignificant changes in the power industry over the last 15 years have created new challenges for owners and operators of today’s generation facilities. As market conditions fluctuate, those facilities must respond to the needs of the regional power ­markets they serve, the demands of local grid operators’ requests for power dispatch, and their own operating and business objectives. As operators navigate these conditions and work to meet their objectives, a significant impact has occurred on ­generating facilities.

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Advanced Machine Tools Keep Production Costs in Check

14 sum machining introThe valve landscape has changed over the past few decades—instead of über-high volumes of simple valves, many buyers and makers of valves are increasingly aiming for low-to-medium volumes of complex, high-precision valves made from exotic materials. That’s because the number of applications presenting new, more difficult challenges has increased in fields ranging from oil and gas to food processing and chemicals to fossil and nuclear power. As valve requirements have broadened, the need for better machine tool capabilities has increased.

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Help Wanted!

14 SUM careers 200pxMost business experts agree that a company is only as good as its most valuable asset: its own people. But what do you do when you face the situation the valve industry now faces? Top-level management and many of the most skilled people that make up production crews are retiring at the same time schools are failing to attract students to technical studies or telling them how they can use their knowledge once they graduate.

 

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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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