News
Below are interesting stories concerning our industries, manufacturing, and our region.
  • Closed July 3rd

    Champions will be closed July 3rd in observance of Independence Day!

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  • 25% Off Preventive Maintenance for a limited time

    25% Rebate On All Preventive Maintenance Programs Now For A Limited Time! Take advantage of the great deals going on now and have your machine tools maintained before the next big oil rush. Once it hits, you won’t have time to bring your machine down so act now! Request scheduled time at serv...

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  • Oil Output Cuts Could Boost Price to $60 a Barrel, Lukoil Says

    OPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid Fedun, vice-president of Russian oil producer Lukoil, told Reuters.  The comments from Fedun, who was talking on the sidelines of the compan...

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  • Wood to Design Chevron’s Anchor Offshore Platform

    http://bit.ly/2TgAF84 Engineering company Wood has secured a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. The scope of the project included the preliminary, front end engineering and design (Pre-FEED), FEED and now entails the det...

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  • Lonestar Resources Enters Eagle Ford JV

    Lonestar Resources US Inc. and its subsidiaries have entered into a joint development agreement in Gonzales County with one of the largest producers in the Eagle Ford Shale which encompasses an area totaling about 15,000 acres. The name of the producer was not disclosed. Lonestar will operate a mini...

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  • Preventive Maintenance Program Available

    Your local Haas Factory Outlet now has 3 options to choose from: Basic Inspection for a general overview Level 2 PM more detailed inspection Level 3 PM in depth inspection and oil/filter replacement Schedule your preventive maintenance today so your machine will be up and running when you most need ...

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  • Don’t Mess with the Tax Write-Off for New Equipment

    Industry Week  Robert Atkinson | Mar 04, 2019 A new study from a non-partisan research group on the economic impact of bonus depreciation for investment in machinery and equipment has been getting attention because of its conclusion that the incentive is not only wasteful, but harmful. In reali...

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  • Oil Prices Up On Trade Optimism

    Oil prices are set to end the week up for the second week running, with both trade sentiment and production cuts adding bullishness to oil markets. Friday, February 22, 2019 Oil is set to close out another week of gains, this time juiced by optimism over the U.S.-China trade negotiations. But the ga...

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  • Educating for the Future — HCC’s Manufacturing Center of Excellence

      March 7, 2019 5:30- 8pm   Web Link To Register The Houston Business Journal Reports that 1 in 4 jobs in Houston will be threatened by Robots and Artificial Intelligence.  Training and Education are critical for employees and entrepreneurs.  Join the MIT Enterprise Forum of Texas, the South Tex...

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  • Oil-gas Optimism Reigns, Study Finds

    Offshore Engineer reports  February 18, 2019 From https://goo.gl/mgegau The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom. That’s the gist of a new report from Oslo...

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  • Offshore Texas Oil Export Facility Proposed

    From Rigzone https://goo.gl/1dZHg3 by  Matthew V. Veazey   Rigzone Staff   Tuesday, February 12, 2019   Sentinel Midstream has unveiled plans to develop a deepwater crude oil export terminal near Freeport, Texas, that could fully load very large crude carrier (VLCC) vessels. In a written statem...

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  • America is now the world’s largest oil producer

    Move over Russia and Saudi Arabia. America has reclaimed its throne atop the oil world. For the first time since 1973, the United States is the world’s largest producer of crude oil, according to preliminary estimates published on Wednesday by the Energy Department. The feat demonstrates how t...

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  • San Antonio Opens Career-Themed High Schools.

    SAN ANTONIO, Texas — CAST Tech, San Antonio’s newest public high school, looks like an outpost of Google. Young people huddle over tablets, fiber optic cables run along the ceilings and a cybersecurity lab occupies the basement. The school, located in the heart of San Antonio’s slowly revitali...

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  • While offshore wind gets developed, Texas will likely stay onshore

    One of the world’s largest power companies is planning to pump $1 billion into new wind projects in Texas, confirming the state’s place as the nation’s largest producer of wind-driven energy. The Spanish utility Iberdrola says the money will finance new wind farms with a combined generating ca...

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  • LyondellBasell bets on new technology, better plastics

    Houston Chronicle report, LyondellBasell is betting millions of dollars that new technology will give it an edge in the burgeoning market for polyethylene, the ubiquitous plastic that has fueled a construction and export boom along the U.S. Gulf Coast. The Houston petrochemicals manufacturer has bui...

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  • XTO Energy Closes Headquarters; Relocates Hundreds to Houston

    XTO Energy, Inc., a subsidiary of ExxonMobil Corp., is closing its corporate headquarters in Fort Worth, Texas, which will affect a total of 1,200 employees, according to a letter sent to the Texas Workforce Commission (TWC). The U.S. oil and natural gas producer plans to relocate its business activ...

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  • OSHA Issues Direct Final Rule Clarifying Beryllium Standard

    OSHA’s direct final rule (DFR) for its beryillum standard will become effective on July 4, 2018, according to the agency. The DFR clarifies aspects of the standard for general industry as it applies to processes, operations, or areas where workers may be exposed to materials containing less th...

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  • US Seen Cutting Oil Imports to Lowest Since Eisenhower

    The U.S. will cut its reliance on foreign oil to the lowest in more than 60 years as domestic crude output surges to record levels. The Energy Information Administration sees net imports of crude and petroleum products dropping to 1.5 million barrels a day in 2019, the lowest level since Dwight Eise...

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  • US Cutting Tool Consumption Up 6% in Q1

    Manufacturing activity paced cutting-tool consumption to $207.08 million during March, up 8.8% for the month. The ongoing expansion of the industrial economy paced another month of growth in U.S. manufacturing’s cutting-tool consumption, up 8.8% from February to $207.08 million during March. That ...

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  • Reshoring Is on the Rise: What It Means for the Trade Debate

    The 2017 data is in, and job announcements are up substantially for U.S. manufacturing. Reshoring and foreign job announcements (FDI) surged in 2017 to over 170,000 U.S. manufacturing jobs. This is strong evidence that work can and will be successfully brought back—and is especially relevant in a ...

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