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Introduction to Pressure Relief Devices - Part 1

Introduction to Pressure Relief Devices - Part 1

When the pressure inside equipment such ...

Is Your Company Ready for The New Reality?

Is Your Company Ready for The New Reality?

Since August, 2015, when VMA’s 201...

Offshore Oil Extraction and Transportation

Offshore Oil Extraction and Transportation

Offshore oil facilities come to the fore...

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Industry Headlines

MRC Global Signs Agreement to Sell OCTG Business

3 HOURS AGO  |  Chris Guy

MRC Global Inc. has entered into a definitive agreement to sell its U.S. Oil Country Tubular Goods (OCTG) business to Sooner Pipe, LLC, a subsidiary o...

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Industry Headlines

MRC Global Signs Agreement to Sell OCTG Business

3 HOURS AGO

MRC Global Inc. has entered into a definitive agreement to sell its U.S. Oil Country Tubular Goods (OCTG) business to Sooner Pipe, LLC, a subsidiary of Marubeni-Itochu Tubulars America, Inc., for $48 million, subject to certain adjustments.

MRC Global's U.S. OCTG sales were approximately $305 milli...

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PM International Suppliers Joins VMA

1 DAY AGO

This week VMA welcomes PM International Suppliers, LLC as our newest associate member (distributor/channel partner), our 2nd new member of 2016 so far.

PM International supplies pipe and fittings, tubing, valves, flanges, bars, sheet and forgings with numerous worldwide sources for a wide variety o...

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IHS: North American Drillers Need Billions More in Cuts

23 HOURS AGO

The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow, accordin...

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Energy Sector Bracing for More Bankruptcy Filings in 2016

23 HOURS AGO

“In 2015, the energy sector accounted for more than one-half of all public company bankruptcy filings, including eight of the 10 largest filings. Current oil prices and bond values indicate that 2016 will be another active year,” according to McGuireWoods Consulting.

“To account f...

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U.S. Job Openings Climb to Second-Highest Level on Record

2 DAYS AGO

The number of job openings increased to 5.6 million in December, the second highest number ever recorded, the U.S. Bureau of Labor Statistics reported today. Hires and separations were little changed at 5.4 million and 5.1 million, respectively. Within separations, the quits rate was 2.1%, and the l...

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Machine Tool Orders Rose in December, Down in 2015

2 DAYS AGO

The U.S. Manufacturing Technology Orders report for December 2015 showed that order values grew 20.4% compared to the prior month, according to The Association for Manufacturing Technology (AMT). For all of 2015, the year’s total orders were down 17.4% compared to 2014.

While the month-to-mon...

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Parker Breaks Ground on New European Headquarters in Switzerland

Parker Hannifin Corporation held a groundbreaking ceremony as the first step in the construction of its new European headquarters in Etoy in the Canton of Vaud, Switzerland, located approximately 25 miles northeast of Geneva.

The planned 57,000 sq. ft. building will house up to 150 people over the next three to five years. 

Source: Parker Hannifin

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