Despite falling oil prices, the investment valve in the oil and gas industry remains on—for now—as manufacturers continue their race to provide large, precision parts for fracking, subsea drilling and other related activities. But as anybody in the energy sector knows: this is the land of boom or bust.
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Rod Zimmerman of cutting tool manufacturer Iscar Metals lives in a pleasant green zone in a Fort Worth suburb. Yet within a half mile of his home, an oil company has sunk a vertical hole 7,500′ (2,286 m) deep, from which it has splayed nine lateral lines, each going about half a mile.
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.
Mitsui Seiki USA, Inc. announced that Scott Walker, long-time president, has accepted the position of chairman; Robb Hudson, former business and technology director, has been named chief executive officer; and William “Bill” Malanche, former executive vice president, has been appointed chief operating officer.