McIlvaine Company has revised its forecast for growth in the industrial valve industry over the next five years. The current forecast is for 5 percent growth. This is being revised to 5.5 percent CAGR for the 2013-2017 period. The basis ...
The government has set up a £1m funding competition for robotics and autonomous systems (RAS) technology in the UK. The investment by the Technology Strategy Board is for feasibility studies to accelerate the development of RAS ...
Tags: robotics, autonomous systems, technology, UK
US industry continued to choose up sides on the issue of liquefied natural gas exports Tuesday with chemical giant Huntsman announcing it was joining America's Energy Advantage, a new trade group dedicated to limiting gas exports from the ...
Tags: liquefied natural gas, exports, Huntsman, America
Genel Energy has announced that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq. On 12 November 2012, Genel Energy announced ...
Tags: Genel Energy, acquisition, Miran exploration
Global demand for pumps is forecast to rise 6.4 percent per year through 2016 to $76.1 billion. Although growth will be healthy across the globe (spurred by recovery from the recent economic downturn), the drivers of growth will vary by ...
Tags: pump, pump demand, economic downturn
In 2011, the United States became the world’s largest producer of natural gas, growing by 7.7% between 2010 and 2011. That represented the largest volumetric increase in the world, according to BP’s Statistical Review of World ...
Tags: natural gas, Natural Resource, gas industry
Aperam, one of the major stainless steel producers in Europe said that it will raise spot base prices for all its stainless steel products by €50/ton in Europe. The new price will become effective from February. It’s learned ...
Tags: spot base prices, stainless steel
China on Monday announced the results of its second shale gas bidding round, awarding the 19 blocks on offer to 16 domestic companies. The winners were announced at a press conference held by the Ministry of Land and Resources. ...
Tags: China, shale gas bidding, gas industry
The NYMEX February crude contract broke out of a narrow trading band immediately ahead of the 1:15 p.m. EST (1815 GMT) cessation of trading on the NYMEX contract to end the day 9 cents lower at $95.47/b. Prior to 12:30 p.m. EST (1730 ...
Tags: crude oil, NYMEX, macroeconomic indications, US
On 7 January 2013, Genel Energy received permission from the Kurdistan Regional Government to export crude oil from Taq Taq into Turkey by truck. This authority is consistent with the Iraqi Constitution of 2006, the Kurdistan oil and gas ...
Tags: Genel, Trading, Operations
The Kurdistan Regional Government is proud of the achievements of its oil and gas industry since the fall of the former regime in 2003. It expects the federal government of Iraq to be proud of them, too. Since oil exports from the ...
Tags: KRG, Baghdad, Oil Policy
Facebook has proposed a new model for designing servers that it says will give businesses more choice in selecting components and a smarter way to upgrade systems when needs change, though it remains to be seen how widely its method will be ...
Tags: Facebook, Buying Servers, upgrade system
Rockwell Automation has extended the ratings of its Allen-Bradley PowerFlex 755 AC drives to 1500 kW/2,000 Hp, completing the power range of the PowerFlex 750-Series portfolio and providing customers with a wide selection of options and ...
Tags: Rockwell Automation, power range, high-power drive, company news
The Australian sharemarket closed at a 19-month high as firming expectations of a February interest rate cut helped banking stocks. At the close today, the benchmark S&P/ASX 200 index was 18.3 points, or 0.38 per cent, higher at 4756.6 ...
The newly appointed chairman of Indonesia's special taskforce for the upstream sector will focus on various issues during his tenure, among them increasing oil and gas production and boosting reserves, he told Platts Monday. Rudi ...
Tags: Indonesia, Skkmigas, Oil, Gas Production