News

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Brady: House Tax Proposal Establishes America As Magnet For Jobs, Innovation.

Houston Chronicle (1/2)
Tuesday, January 3, 2017

In a guest column, US Rep. Kevin Brady (R-TX) writes for the Houston Chronicle (1/2) that the House GOP tax reform plan will end America’s “outdated tax code” by “border adjusting our taxes like our foreign competitors do.” He says the new plan “helps eliminate all tax incentives for U.S. companies to move their manufacturing, technology and headquarters jobs overseas.” Brady adds, “Coupled with the new lower GOP tax rates on local businesses and ending the double-taxation of U.S. earnings overseas, this establishes America as a 21st Century magnet for new jobs, technology breakthroughs and he . . .


U.S. oil drilling rig count recovery extends into 7th month: Baker Hughes

Reuters (12/2, DiSavino)
Monday, December 5, 2016

Reuters (12/2, DiSavino) reported drillers “added three oil rigs in the week to Dec. 2, bringing the total count up to 477, the most since January, but still below the 545 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday.” Reuters characterized US energy companies as extending their recovery in oil drilling “into a seventh month this week as they follow through on plans to add rigs as crude rose to its highest price in over a year.” The Wall Street Journal (12/2, Steele, Subscription Publication) reported the gas-rig count rose by one to 119 last week while offshore d . . .


New Manufacturing Company To Make Equipment For Well-Boring At Drilling Sites.

Houston Chronicle (11/10, Smith)
Friday, November 11, 2016

The Houston Chronicle (11/10, Smith) reports two former Halliburton employees have started an energy equipment company called Citadel Casing Solutions that manufactures equipment for well-boring at drilling sites. The company has received millions of dollars to start the manufacturing company, according to a Houston Business Journal report.


Haas Mini Mill-EDU Vertical Milling Machine

The Perfect Choice for CNC Education
Friday, November 11, 2016

Whether you're starting a new engineering program or upgrading an existing one, the Haas Mini Mill is the ideal learning tool. Now available in a school edition, this machine is bundled with educator and student tools that provide real-world machine shop experience within the classroom. It's the perfect combination of affordability, accessibility, and industry-standard programming. The Haas Mini Mill-EDU comes standard with the same powerful features that manufacturers around the world use every day.

Built with the same high-quality components as the standard Mini Mill Available exclu . . .


GE’s Oil, Gas Business To Merge With Baker Hughes.

New York Times (10/31, Bray, Subscription Publication) Wall Street Journal (10/31, Cimilluca, Mattioli, Benoit, Subscription Publication) AP (10/31) Reuters (10/31, Scheyder, Hirsch)
Tuesday, November 1, 2016

The New York Times (10/31, Bray, Subscription Publication) reports General Electric said Monday that it would combine its oil and gas business with Baker Hughes, “looking to increase its scale to battle the effects of a prolonged slump in oil prices that has eaten into results.” GE referred to the new company as the “new” Baker Hughes and it would be “one of the world’s largest providers of equipment, technology and services to the oil and gas industry.” The Wall Street Journal (10/31, Cimilluca, Mattioli, Benoit, Subscription Publication) reports that GE would benefit from such a combination . . .


Baker Hughes: US Drillers Add Four Rigs This Week With Oil Over $50 Per Barrel.

Reuters (10/14, DiSavino), KOSA-TV (10/16, Thatcher)
Monday, October 17, 2016

Reuters (10/14, DiSavino) reported the number of US oil rigs rose again this week, “extending one of its best recoveries with no cuts for 16 straight weeks, with analysts expecting more additions as crude prices hold over $50 a barrel.” Drillers added four oil rigs in the week, bringing the count up to 432, “the most since February, but still below 595 rigs a year ago,” according to Baker Hughes on Friday. Analysts “said prices over $50 were high enough to prompt energy firms to return to the well pad.” The Wall Street Journal (10/14, Stahl, Subscription Publication) reported the US gas rig-co . . .


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