Drilling Industry News

US mining sector faces looming worker shortage

on Mar 24, 2013 in Drilling Industry News | 0 comments

US mining and energy industries are facing a looming worker shortage caused by the pending retirement of large numbers of baby-boomer employees, says the latest report from the US National Academy of Engineering. Many baby boomers — those born between 1946 and 1964 — are ready to retire at the end of this decade and there are too few younger workers in the line to replace them. Mineral resources are a huge part of the American economy. Major industries that consumed processed nonfuel mineral materials made up $ 2.2 trillion of the US gross domestic product in 2011. The NAE found a...

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Mining can be a blessing for foreign aid: UN

on Mar 5, 2013 in Drilling Industry News | 0 comments

United Nations Development Program (UNDP) head Helen Clark is focused on making mining “a blessing, not a curse, for [developing] countries.” At a conference held jointly by the Canadian Government and the World Economic Forum this past weekend, Clark spoke about the positive role that Canadian mining companies can play in international development. Partnering mining with foreign aid is part of a broader Canadian foreign policy shift towards private-sector development. But the policy shift has not been smooth. In 2011, Canadian International Development Agency (CIDA) supported...

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OFallon, Missouri Drilling Company Offers Alternative Fuel Source for Heating and Cooling Consumer Homes

on Feb 11, 2013 in Drilling Industry News | 0 comments

St. Louis, MO (PRWEB) August 21, 2012 With energy costs continuing to soar more and more people are looking at ways to save money. Green energy is not only great for the environment; its a great way to save hundreds of dollars annually. Geothermal heating and cooling has been gaining popularity over the past few years. According to the Environmental Protection Agency (EPA), geothermal is the most environmentally responsible heating and cooling alternative because it is the lowest in greenhouse emissions. With current federal tax incentives of up to 30% of the total investment of the...

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Where to Find a Well Drilling Rig to Help People

on Feb 3, 2013 in Drilling Industry News | 0 comments

It may be hard to comprehend, but the fact is that one of every eight people in the world does not have access to clean water. Many adults and children living in villages in third world countries spend several hours each and every day, walking for many kilometres just to collect dirty, unsafe water from streams and mud holes. In cities, water is often fetched from heavily polluted rivers and streams or people end up paying far too much money to buy it from street vendors who obtain it from dubious sources. Most often than not, this water is not clean and it is unsafe, but these people simply...

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Mining, Oil & Gas Machinery Manufacturing in the US Industry Market Research Report Now Available from IBISWorld

on Jan 28, 2013 in Drilling Industry News | 0 comments

Los Angeles, CA (PRWEB) October 15, 2012 Underpinned by booming global demand for mineral and energy commodities, the Mining, Oil and Gas Machinery Manufacturing industry grew during the first half of the five years to 2012. According to IBISWorld industry analyst Josh McBee, Rising resource prices led mining and oil industries to expand existing production and increase exploration, resulting in strong demand for machinery and equipment. Following the financial crisis of late 2008, credit crises and weaker commodity prices resulted in a sharp downturn in energy and mineral exploration and...

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