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Industry Headlines

Permian Basin Oil Production Continues to Increase

Thursday, 27 April 2017  |  Chris Guy

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day in May, based on estimates from the U.S. ...

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Industry Headlines

Metso Providing Valves for Oman Petrochemical Complex

1 DAY AGO

Metso will supply 400 Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) Project in Sohar, Oman. The new complex will process light ends produced in Orpic's Sohar Refinery and its aromatics plant as well as optimize natural gas li...

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Curtiss-Wright Earns Safety Award for Third Year in a Row

1 DAY AGO

A Curtiss-Wright facility located in Chanhassen, MN, received a Governor’s Safety Award for superior performance in workplace safety and health as part of the Minnesota Governor’s Safety Awards. The Chanhassen site produces Exlar electric actuators and earned this award by reporting better...

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Permian Basin Oil Production Continues to Increase

16 HOURS AGO

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day in May, based on estimates from the U.S. Energy Information Administration . Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as...

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East Coast Refiners Eye Texas as Alternative to North Dakota

1 DAY AGO

“Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily from 2013 until 2015. But as more and more pipelines were built in North Dakota, the discount began to disappear, and so did the rail cars,” Reuters repor...

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Survey Shows Small Business Confidence Increasing

16 HOURS AGO

The second annual Allstate/ Small Business Barometer finds increasing optimism and innovation among small business owners, despite the rising cost of doing business. Nine in 10 local entrepreneurs say the benefits of owning a business outweigh the challenges. This year’s Barometer found that, ...

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Durable Goods Orders Up 0.7% in March

18 HOURS AGO

New orders for manufactured durable goods in March increased $1.6 billion or 0.7% to $238.7 billion, the U.S. Department of Commerce announced today. Economists were anticipating an increase of 1.2%. This March increase , the third consecutive, followed a 2.3% February increase.

Excluding transportatio...

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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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