So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
The articles linked on this page are shared for informational purposes. The opinions and viewpoints expressed within these articles or their corresponding 'Comments' sections do not necessarily reflect those of Plasma-Tec and/or the employees of Plasma-Tec.
Oil and gas companies are shifting exploration towards southeast Michigan, with 20 permits obtained for wells in the area as of July 2014. With some public backlash and complications in the process, there still remains potential for great economic benefit in the area as companies tap into this comparatively unexplored area. Oil and gas exploration on rise in metro Detroit By: Chad Halcom Lease deals for landowners mineral rights and permits to drill new oil wells are both on the rise in metro Detroit. But as new pumps begin to dot the landscape in communities like Shelby Township and Scio Township, the out-state portion of Michigans oil and gas exploration industry is largely lackluster. The shift is best documented by trends with state permits. Oil and gas exploration company executives and state regulatory officials say permit requests to drill new wells have been moving over the past two years toward Southeast Michigan. The Detroit area has yielded modest oil deposits at relatively
Canadian pipeline company Enbridge has assured Michigan that Line 5 under the Mackinac Straits maintain nearly 99% of their original integrity. Michigan reviews Enbridge oil pipelines By: Daniel J. Graeber LANSING, Mich., Oct. 7 (UPI) -- Michigan authorities said Canadian pipeline company Enbridge offered assurances two oil pipelines running under the Mackinac Straits are secured. Line 5 of the Lakehead pipeline system splits into two 20-inch pipelines that carry the heavier grade of crude oil beneath the straits separating the Upper and Lower Michigan Peninsulas. They were installed in 1953. Since an oil spill from Line 6b of the system in 2010, Enbridge has faced scrutiny about the integrity of the pipeline system. That spill was one of the worst onshore incidents of its kind in U.S. history. To read the rest of this article, visit UPI.
The oil and gas industry contributes an estimated $15.8 billion to the Michigan economy, with at least 295 business located throughout the state as part of the larger oil and gas natural gas supply chain. West Michigans Plasma-Tec and Hemco Gage are two companies who have benefited from the recent energy boom and are both contributing to the states economic growth. Oil and gas production boosts Michigan economy By: Pete Daly An American Petroleum Institute representative in Grand Rapids earlier this month said technological innovation in oil and gas extraction is changing the entire vision of our energy future and opening vast new possibilities for economic growth. Rayola Dougher, in Grand Rapids to speak at a meeting of the Michigan Oil and Gas Association at the Amway Grand Plaza, said Americans have been accustomed to thinking the country is running out of oil and gas. Now we have an abundance, she said. Were bringing in a lot of new oil, a lot of new natural gas, around the