Annual construction spending in the U.S. grew for six consecutive years, from 2012 to 2017, according to data from the Department of Commerce. In each of those six years, spending on power construction projects topped all other segments in nonresidential construction, making it a major driver of industry trends.
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The energy industry is often at the forefront of our minds as we watch fuel prices climb and then celebrate when they come down. We continually find ways to be as energy efficient as possible in our homes and workplaces. Media outlets keep us constantly informed of this often-volatile industry’s ups and downs.
Lithium-ion batteries are the preferred power source for devices ranging from cardiac pacemakers to the rapidly growing fleet of electric vehicles. They are conceptually simple devices consisting of a uniform bit of lithium compound located on either side of a collector.
Workers in the oil and gas industry continue to be one of the groups at the highest risk of injuries and fatalities on the job compared to all other U.S. industries. The most recent data from the Bureau of Labor Statistics (2015) revealed that out of 120 workplace deaths in the mining, oil, and gas extraction industry, 74 of them occurred within the support activities for oil and gas operations.
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.
Successful manufacturing companies and distributors know the importance of a good ERP system. Without it, shipments suffer and profits fall. Part of keeping the ERP wheels greased, however, is staying current on software technology, as well as networking with industry peers.
As renewables are increasingly integrated into the energy infrastructure, we continue to gain deeper appreciations for both the benefits and challenges they present. The challenges, highlighted in the so-called “Duck curve” first identified in the solar-rich California market, show how disruptive solar power can be for grid stability.
Cummins Inc.—a manufacturer of heavy-duty engines, components, and power generators—didn’t exactly set out to become the energy efficiency leader it is today. When the company set its first public greenhouse gas reduction goal in 2006, executives hadn’t yet quite worked out a plan to achieve it.
As the world moves toward reducing its dependency on fossil fuels, renewable energy generation sources such as wind and solar will be expected to fill the gap. Due to their cyclical nature, grid scale energy storage is essential for maximizing the utilization of renewable generation assets.
Drilling advancements have spurred the evolution of oil and gas operations from simplistic single-well pad fields to more complex multi-well pads. Today, many producers are using fracking and lateral drilling techniques to place 10 or more wells on one pad.