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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Recent declines in oil prices have dramatically impacted industries of many types, and oil drilling equipment manufacturers must be particularly attentive to recent market conditions.
US light-vehicle sales may rise slightly to a new record in 2016 and remain strong after that, IHS Markit said today as part of an industry forecast.
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.
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.