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Oil eked out a gain as research indicated that existing Covid-19 vaccines are effective against the new virus variant, quelling fears of plunge in fuel demand, while U.S. crude supplies fell slightly. Read more »

The IEF said spending on oil and gas projects slumped 30 percent to $309 billion in 2020. Read more »

This investment is aligned with BP's plan to scale-up next generation mobility solutions. Read more »

Devon told its 1,600 employees on Tuesday that workers below the vice president level will be getting the unexpected cash. Read more »

North Sea Midstream Partners has acquired a 10 percent interest to become a participant in the Acorn CCS and Hydrogen Project in the UK. Read more »

It is pretty rare to see a private, family-owned company reach fourth-generation leadership, much less fifth. For more than a century — 120 years to be exact — the Dowd family has led Charlotte, North Carolina-based pipe and fitting manufacturer Charlotte Pipe and Foundry. Built by W. Frank Dowd in 1901, the original foundry in Charlotte employed 25 men and produced cast iron soil pipe and fittings. Read more »

Net sales of $6,803 million were 26.6% ahead of last year, 24.5% higher on an organic basis with 1.8% from acquisitions and a further 0.3% from the impact of foreign exchange. Inflation in the first quarter was in the low teens. Read more »

After enduring a unique set of challenges through 2020 and 2021, industry experts are excited to move forward into another high-demand year. The excitement is coupled with caution, as supply chain constraints, material pricing and labor shortages are not expected to resolve themselves in the near future. Read more »

ASA’s monthly sales report shows October 2021 results that reflect another month of robust performance compared to the same month a year ago. Year-to-date and trailing-twelve-month figures remained strong when compared against 2020, a year that had multiple weeks, if not months of closures or partial closures. Read more »

The topic of labor has been front and center for quite some time now inside and outside of this industry. But it wasn’t until the recent Thanksgiving holiday break that it really hit home as to just how bad the current situation is. While waiting for my daughter to finish a recent fitness class, I decided to run a quick errand to mail a package. While driving down this road in an industrial park setting, business after business had roadside signs looking for labor — virtually every business on this busy road. Read more »