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Industry Headlines

Industry Headlines

Cameron Signs Two Long-Term Transocean Service Agreements

16 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

17 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

16 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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Philly Fed: Mid-Atlantic Business Activity Hits Two-Year High

-1 DAYS AGO

Economic conditions continued to improve in January, according to the Philadelphia Federal Reserve’s Manufacturing Business Outlook Survey. The index for current manufacturing activity in the region increased from a revised reading of 19.7 in December to 23.6 this month. Approximately 40% of t...

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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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Solving the Problems in Front of You

vmsum11_social_media

Engineers are problem solvers and today, they have some pretty amazing tools to help them with that problem solving. Here’s an example from a recent trip.

I went to a station to refill a rental car with gas before returning it to the agency. As usual, I guessed the wrong side for the gas tank and had to circle around to put the car at the right angle to pump the gas. I couldn’t figure out where the latch to open the gas cap was located, and there was no owner’s manual in the glove box to help.

On my smart phone, I did a quick Google search by voice command using the car make, model and “gas tank door latch” as keywords. The results were an online forum with my answer: the door was latched magnetically and required a gentle push to open. This simple voice search saved me 5 to 10 minutes of hunting around for a non-existent latch and a lot of frustration.

These searches from our PCs, phones, tablets and other devices help us solve problems quickly and painlessly every day. Google and the other search engines, along with the right selection and number of keywords, often help us get an answer to a problem in front of us. Although it’s not foolproof, most times, these methods of finding what we need work great.


IN THE INBOX

For businesses, an important issue today with searching is that a lot of wisdom is trapped in email inboxes and “sent items” folders. Desktop indexing and search software such as the search built into PC operating systems or desktop search applications can find some information. But such tools don’t help us with the information that hasn’t reached our inboxes.

Different approaches ranging from content management systems to blogs, wikis, online collaboration and community software are being tried as search destinations with varying degrees of success. The key element to that success seems to be the number of people willing to participate in each approach and the community that naturally forms from this participation.

Metcalfe’s Law states that: “The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).” Robert Metcalfe, who is responsible for that principle, also offered this:

…a more insightful and, I think, important contribution to the conversation — that to understand the value of a social network we need to consider not just the number of users but also the affinity between the members of the network.

My take on this is that the fastest path to the information you need is to solve the problem in front of you. If a Google search or question posed to your immediate colleague does not yield a quick answer, you should try your social network. That is, provided you’ve built this network to sufficient size to realize the exponential effects described by Metcalfe’s Law.

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