U.S. Energy Market Projected to Become Net Energy Exporter November 14, 2018 The U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2018 (AEO2018), which includes its Reference case and a number of sensitivity cases, shows continued development of the U.S. shale and tight oil and gas resources paired with modest energy consumption growth, leading to the U.S. to transition from a net energy importer to a net energy exporter across most cases examined in AEO2018.
GE Slashes Dividend, Will Split Power Unit October 30, 2018 General Electric Co. (Boston) said it’s cutting its dividend and reorganizing its troubled GE Power unit by splitting it into two as its new chief tries to revamp the manufacturer.
GF Machining Opens Aerospace and Energy Center of Competence March 16, 2018 GF Machining Solutions (GFMS) celebrated the grand opening of its new 21,000 ft² (1950 m²) Aerospace and Energy Center of Competence in Huntersville, NC (near Charlotte), with a flourish and local dignitaries.
Siemens’ Digital Process Chain Cuts Oil Field Rock Bit Down to Size April 25, 2018 DMG Mori’s entry-level, compact DMU 50 five-axis machining center is producing an oil field rock bit from a 440 lb (199.5-kg) 1045 grade steel workpiece, 8″ (203-mm) diameter by 8″ (203-mm) high, for a major upstream oil industry supplier. The result using Siemens full CAD/CAM-CNC digital process chain was better tool life, a higher degree of accuracy, and overall production efficiencies.
Hot Turning Concepts Offer Cool New Tools January 2, 2018 Demand for more effective turning processes is growing again in one of the most cyclical of industries—the resurgent oil and gas industry. Meanwhile, high-precision manufacturers in aerospace, automotive, and other manufacturing industries are on the lookout for more efficient turning processes.
Energy Internet: How Renewables are Changing the World November 15, 2017 The sun comes up every morning, and in general one day looks much like the next. However, in reality our world is rapidly changing. The infrastructure surrounding us might also look the same, but is also evolving quickly.
Outlook 2018: Slow but Steady Growth November 28, 2017 The US economy remains in a steady and sustainable moderate growth mode. Solid employment gains and gradually firming wage growth have supported household income, consumer confidence and outlays. The same dynamics should persist into 2018 and support a steady, modest pace of consumer spending.
CAD/CAM Software Boosts Efficiency at Energy Parts Shop November 20, 2017 APS Plastics & Manufacturing(Tomball, TX) has been machining custom composite components since 2006.
ABB, Microsoft Partner to Drive Digital Solutions October 4, 2016 ABB and Microsoft Corp. today announced a strategic partnership to help industrial customers create new value with digital solutions. Customers will benefit from the unique combination of Microsoft’s intelligent cloud and ABB’s deep domain knowledge and extensive portfolio of industrial solutions.
Deep-Hole Drilling Continues to Evolve April 1, 2016 Mention deep-hole drilling, and most people think only gundrilling machines for processing gun barrels. But the fact is that deep-hole drilling applies to a much wider array of workpieces that are typically impossible to drill with common CNC machining centers.
