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Last updateTue, 09 Feb 2016 8pm

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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

Marathon Petroleum Plans $2 Billion Refinery Expansion

10 HOURS AGO  |  Chris Guy

Marathon Petroleum recently announced plans to invest $2 billion in the Galveston Bay refinery over the next five years, an investment program collect...

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Industry Headlines

ASCO Announces Brand Transition

11 HOURS AGO

ASCO Numatics, a business unit of Emerson, will begin doing business as ASCO, effective immediately. The transition to the ASCO name will be made on a global basis. It will not affect customer purchasing processes or sales channels.

The company said the ASCO name will leverage the power of its ASCO...

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GE Oil & Gas and Diamond Offshore Enter Landmark Service Agreement

1 DAY AGO

GE Oil & Gas and Diamond Offshore Drilling, Inc. announced the offshore drilling industry’s first-of-its-kind contractual service agreement that transfers full accountability for BOP performance to GE Oil & Gas. Under this model, Diamond Offshore will compensate GE Oil & Gas only w...

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Marathon Petroleum Plans $2 Billion Refinery Expansion

10 HOURS AGO

Marathon Petroleum recently announced plans to invest $2 billion in the Galveston Bay refinery over the next five years, an investment program collectively referred to as the South Texas Asset Repositioning (STAR) program.

"The investments planned as part of the STAR program are intended to increas...

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U.S. Oil Inventories Now at Record High

5 DAYS AGO

Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel, including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and non-energy commodity markets, and the potential for additional crude oil supply to enter the mark...

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

15 HOURS 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

15 HOURS 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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Locating American Manufacturing: Trends in the Geography of Production

With the slight resurgence of U.S. manufacturing in the recent years—termed a potential “manufacturing moment” by some—it is important to consider not just the future of manufacturing in America but also its geography says a new report from The Brookings Institution. Geographic considerations are, in fact, central to whether the slow growth of U.S. manufacturing jobs during the last two years signals a renaissance of American manufacturing or merely a temporary respite from long-term decline.

General Electric CEO Jeffrey Immelt recently stated: [T]oday at GE we are outsourcing less and producing more in the U.S. . . . When we are deciding where to manufacture, we ask, ‘Will our people and technology in the U.S. provide us with a competitive advantage?’ Increasingly, the answer is yes.

The people and technology that Immelt sees as crucial to his company’s decisions to increase manufacturing in the United States are place-specific. Those locations—especially metropolitan areas— help create the conditions that give firms such as GE a competitive advantage from manufacturing in the United States.

For the complete report (.pdf) click here

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