Pages Navigation Menu

Corrosion Engineering | Electrical Engineering

What’s New

Baker Hughes: US rig count drops 2 units to 1,053 September 21, 2018 - The US drilling rig count is down 2 units to 1,053 rigs working for the week ended Sept. 21, according to Baker Hughes data. The count is up 118 units from the 935 rigs working this time a year ago. Full Story
MARKET WATCH: NYMEX oil prices drop but hold above $70/bbl September 21, 2018 - The light, sweet crude oil prices for October and November declined modestly yet each settled above $70/bbl on the New York market Sept. 20 while Brent crude oil prices for November and December also fell but each settled above $78/bbl Full Story
US Navy to push for low-cost upgrades to Oahu fuel tanks September 19, 2018 - In a deal with the Environmental Protection Agency and the state Department of Health, the Navy agreed to examine options to improve tank safety after 27,000 gallons (10,200 liters) of fuel leaked at the facility in 2014. The EPA and Full Story
EIA: US crude inventories decrease 2.1 million bbl September 19, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 2.1 million bbl for the week ended Sept. 14, according to data from the US Energy Information Administration. At 394.1 million bbl, US crude oil inventories are about 3% Full Story
MARKET WATCH: NYMEX oil, gas prices rise on US-China trade tensions September 19, 2018 - The light, sweet crude oil prices for October gained nearly $1 on the New York market Sept. 18 to settle at $69.85/bbl while the Brent crude contract for November delivery also jumped nearly $1 in London to settle just above Full Story
MARKET WATCH: NYMEX, Brent oil prices fall slightly pending full US sanctions on Iran September 18, 2018 - Light, sweet crude oil prices for November delivery fell by less than a dime on the London market Sept. 17 to hold above $68/bbl while Brent crude oil prices on the London market also fell slightly, settling above $78/bbl. Continue Full Story
Baker Hughes: US rig count gains 7 units to reach 1,055 September 14, 2018 - The US drilling rig count is up 7 units to 1,055 units working for the week ended Sept. 14, according to Baker Hughes data. The count is up 119 units from this time a year ago when it stood at Full Story
US House committee approves bill raising states’ GOMESA shares to 50% September 14, 2018 - The US House of Representatives' Natural Resources Committee approved a bill that would increase shares of new federal offshore oil and gas revenue for Texas, Louisiana, Alabama, and Mississippi under the 2006 Gulf of Mexico Energy Security Act to 50% Full Story
MARKET WATCH: NYMEX crude pushes past $70/bbl mark September 13, 2018 - Prices for both light, sweet crude and Brent crude were up Sept. 12 on renewed concerns of a consumption and production imbalance. In its September Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent crude prices to average $74/bbl Full Story
Bridge infrastructure at risk from corrosion as trucks get heavier, engineers say September 13, 2018 - Engineers warn that some of Australia's 53,000 bridges could collapse without warning, similar to Italy's Morandi bridge, because there is no public data on how fast corrosion of older bridges is occurring and no regulations governing bridge safety. Around half Full Story
MARKET WATCH: NYMEX crude surpasses $69/bbl on tropical weather threats September 12, 2018 - Light, sweet crude oil and Brent crude oil prices jumped by more than $1.60/bbl on Sept. 11 while market participants monitored tropical weather systems headed toward the US East Coast and possibly the Gulf of Mexico. Tropical Storm Isaac could Full Story
EIA: US crude inventories decrease 5.3 million bbl September 12, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 5.3 million bbl for the week ended Sept. 7, according to data from the US Energy Information Administration. At 396.2 million bbl, US crude oil inventories are about 3% Full Story
IHS Markit: Offshore drilling rigs to rise through 2020 September 11, 2018 - Consistently higher oil prices and greater cost–efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to recent analysis from IHS Markit. Continue Reading »
MARKET WATCH: Crude oil prices rise on shooting at Libya oil office September 11, 2018 - Brent crude oil prices rose modestly on the London market Sept. 10 and continued higher Sept. 11 on news reports gunmen shot and killed two people at Libya’s National Oil Corp. headquarters on Sept. 10. US light, sweet crude futures Full Story
MARKET WATCH: NYMEX crude oil price ends week with third consecutive decline September 10, 2018 - The light, sweet crude oil contract for October fell slightly on the New York market Sept. 7, marking its third consecutive decline. Brent crude oil prices for November and December climbed modestly in London. Analysts said a strengthening US dollar Full Story
Baker Hughes: US rig count unchanged at 1,048 September 7, 2018 - The US drilling rig count remained unchanged at 1,048 units working for the week ended Sept. 7, according to Baker Hughes data. The count is up 104 units from this time a year ago when it stood at 944. Offshore Full Story
MARKET WATCH: NYMEX crude price drops on gain in US product inventory September 7, 2018 - The light, sweet crude oil contract for October fell by nearly $1 to settle under $68/bbl on the New York market Sept. 6 after a weekly government inventory report showed a gain in US product supplies, which outweighed the market’s Full Story
EIA: US crude inventories decrease 4.3 million bbl September 6, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 4.3 million bbl for the week ended Aug. 31, according to data from the US Energy Information Administration. Continue Reading »
IHS Markit: Offshore drilling rigs to rise through 2020 September 6, 2018 - Consistently higher oil prices and greater cost–efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to recent analysis from IHS Markit. Continue Reading »
How one engineer is ‘fighting a good fight’ against metal corrosion September 4, 2018 - Nick Birbilis finds the deterioration mechanism of a metal fascinating. His pioneering work in preserving metallic elements has won him the prestigious Batterham Medal. Professor Nick Birbilis spends his working days in constant battle with nature. As the Woodside Innovation Full Story
MARKET WATCH: NYMEX, Brent crude prices fall on rising US rig count September 4, 2018 - The light, sweet crude oil contract for October fell to settle below $70/bbl on the New York market Aug. 31 while Brent crude oil for October also dropped but still managed to settle above $77/bbl for a third consecutive trading Full Story
Gas well inspections broke records in 2017, PDEP reports September 4, 2018 - Inspections of both conventional and unconventional natural gas wells broke records during 2017 in Pennsylvania, the state’s Department of Environmental Protection reported on Aug. 31. Program efficiencies including faster form submissions for operators and progress on improved e-permitting options helped Full Story
Baker Hughes: US rig count up 4 to 1,048 August 31, 2018 - The US drilling rig count gained 4 rigs to 1,048 units working for the week ended Aug. 31, according to Baker Hughes data. The count is up 105 units from this time a year ago when the count stood at Full Story
MARKET WATCH: NYMEX, Brent crude prices gain on trade conflicts, supply worries August 31, 2018 - The light, sweet crude oil contract for October gained on the New York market Aug. 30 to settle above $70/bbl while Brent crude oil for October settled above $77/bbl. Continue Reading »
EIA: US crude inventories decrease 2.6 million bbl August 29, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 2.6 million bbl for the week ended Aug. 24, according to data from the US Energy Information Administration. At 405.8 million bbl, US crude oil inventories are at the Full Story
Floating wind power studied for platforms August 28, 2018 - Equinor and its partners in Gullfaks and Snorre oil fields in the Norwegian North Sea are considering the use of floating wind turbines to supply electrical power to the platforms. Continue Reading »
MARKET WATCH: Brent settles above $76/bbl, NYMEX above $68/bbl August 28, 2018 - Oil prices rose Aug. 27 as stock markets hit record highs and continued the price momentum Aug. 28. US President Donald Trump said a US-Mexico trade deal would revise the North American Free Trade Agreement, but the revisions potentially could Full Story
Baker Hughes: US rig count down 13 to 1,044 August 24, 2018 - The US drilling rig count dropped 13 rigs to 1,044 units working for the week ended Aug. 24, according to Baker Hughes data. The count is up 104 units from this time a year ago when the count stood at Full Story
MARKET WATCH: NYMEX, Brent oil prices hold steady August 24, 2018 - Light, sweet crude futures held fairly flat on the New York market Aug. 23 with the October contract falling slightly to settle above $67.80/bbl while the November contract gained. Brent crude oil for October fell to settle above $74.70/bbl and Full Story
Italy bridge designer warned in 1979 of risk of corrosion August 23, 2018 - The Italian engineer who designed the Genoa bridge that collapsed and killed dozens warned four decades ago that it would require constant maintenance to remove rust given the effects of corrosion from sea air and pollution on the concrete. READ Full Story
MARKET WATCH: NYMEX, Brent oil prices rise $2/bbl August 23, 2018 - Crude oil prices moved sharply higher on Aug. 22 on New York and London markets, jumping by more than $2/bbl after a weekly government reported showed a drop in US crude oil supplies. US crude oil inventories, excluding the Strategic Full Story
Corrosion Basics – Corrosion Surveys August 20, 2018 - Two of the most fundamental and informative field measurements are soil resistivity surveys and pipe-to-soil potential surveys. READ MORE
MARKET WATCH: Crude oil prices rise on expected US-China trade talks August 20, 2018 - Oil prices rose Aug. 17 on anticipated trade talks between the US and China, ending a volatile week for oil prices that experienced downward pressure throughout the week from a strengthening US dollar and building US crude oil inventories. Continue Full Story
Baker Hughes: US rig count unchanged at 1,057 August 17, 2018 - The US drilling rig count remained unchanged at 1,057 units working for the week ended Aug. 17, according to Baker Hughes data. The count is up 111 units from this time a year ago when the count stood at 946. Full Story
MARKET WATCH: Crude oil prices rise on expected US-China trade talks August 17, 2018 - Crude oil prices rose modestly on New York and London markets Aug. 16 while traders and investors remain watchful regarding US-China trade relations even though representatives from the two countries are expected to talk later this month. Continue Reading »
The effect of alternative fuels on tribology August 16, 2018 - Ever since its inception back in the 1980’s, fuel alcohol is known to be somewhat corrosive to combustion engines, but the level of corrosion is strongly dependant on the quality of ethanol used. The way in which the ethanol interacts Full Story
MARKET WATCH: Crude oil prices fall on concerns about emerging market economies August 16, 2018 - The light, sweet crude oil price for September fell more than $2/bbl on Aug. 15 while the Brent crude oil contract for October fell by $1.70/bbl, which analysts attributed to concerns about lower world oil demand if emerging market economies Full Story
EIA: US crude inventories increase 6.8 million bbl August 15, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.8 million bbl for the week ended Aug. 10, according to data from the US Energy Information Administration. At 414.2 million bbl, US crude oil inventories are about 1% Full Story
MARKET WATCH: Crude oil prices fall on API inventory report August 15, 2018 - Light, sweet crude oil prices fell on the New York market Aug. 14 to settle just above $67/bbl for September delivery after the American Petroleum Institute reported US crude inventories increased by 3.7 million bbl for the week ended Aug. Full Story
MARKET WATCH: NYMEX, Brent oil prices drop on higher OPEC production August 14, 2018 - Light, sweet crude oil prices for September delivery dropped moderately on the New York market Aug. 13 while the Brent contract for October also fell in London after the Organization of Petroleum Exporting Countries said the cartel’s production rose in Full Story
The size effect in corrosion greatly influences the predicted life span of concrete infrastructures August 13, 2018 - Forecasting the life of concrete infrastructures in corrosive environments presents a long-standing and socially relevant challenge in science and engineering. Chloride-induced corrosion of reinforcing steel in concrete is the main cause for premature degradation of concrete infrastructures worldwide. READ MORE
MARKET WATCH: Crude oil prices end week higher after IEA demand forecast August 13, 2018 - Light, sweet crude oil prices for September delivery rose to close above $67.60/bbl on the New York market Aug. 10 while Brent crude for October also gained to close above $72.80/bbl. Analysts attributed the gains to the International Energy Agency’s Full Story
MARKET WATCH: NYMEX, Brent crude oil prices steady following tariff exemption August 10, 2018 - Crude oil benchmark prices were down slightly on New York and London futures markets Aug. 9, one day after the tumultuous $2/bbl-drop midweek. China’s declaration to impose additional tariffs of 25% on certain US imports spooked the market, but the Full Story
Baker Hughes: US rig count jumps 13 units to 1,057 August 10, 2018 - The US drilling rig count jumped 13 to reach 1,057 units working for the week ended Aug. 10, according to Baker Hughes data. The count is up 90 units from this time a year ago when the count stood at Full Story
EIA: US crude inventories decrease 1.4 million bbl August 9, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, declined by 1.4 million bbl for the week ended Aug. 3, according to data from the US Energy Information Administration. At 407.4 million bbl, US crude oil inventories are about 1% Full Story
MARKET WATCH: NYMEX, Brent crude oil prices drop more than $2/bbl August 9, 2018 - Crude oil benchmark prices plunged by more than $2/bbl on New York and London futures markets Aug. 8 on investors’ concerns about an escalating US-China trade dispute. Officials in Washington, DC, and Beijing have been levying tariffs on one another’s Full Story
Baker Hughes: International rig count up 38 units in July August 7, 2018 - The international rig count for July was 997, up 38 units from the 959 counted in June, and up 38 from the 959 counted a year ago, according to Baker Hughes data. The international offshore rig count for July was Full Story
The science behind it: A ‘cultural’ change in detecting microbiological activity August 6, 2018 - Molecular microbiological methods are becoming more commonly used as an alternative for culture-based methods for estimating bacterial numbers in oilfield systems. The presence of microorganisms and their associated activity is increasingly recognized as a major concern in the oil and Full Story
MARKET WATCH: Crude oil prices close slightly lower to end week August 6, 2018 - Crude oil prices dropped slightly to end a volatile week on the New York and London markets on Aug. 3. Some unilateral US sanctions on Iran are scheduled to become effective Aug. 7, but this does not yet include oil. Full Story
MARKET WATCH: Crude oil prices gain in volatile week August 3, 2018 - Crude oil prices gained more than $1/bbl Aug. 2 to recoup the previous day’s losses on both the New York and London futures markets in a week marked by price volatility. Continue Reading »
Baker Hughes: US rig count down 4 units to 1,044 August 3, 2018 - The US drilling rig count reached 1,044 units working for the week ended Aug. 3, down 4 rigs from a week ago, according to Baker Hughes data. The count is up 90 units from this time a year ago when Full Story
Pitting corrosion in oil and gas wells and pipelines August 2, 2018 - Corrosion is one of the leading causes of pipeline failure in the oil and gas industry. According to a study conducted by NACE International, pipeline corrosion can cost anywhere between $5.4 billion and $8.6 billion in the United States alone. Full Story
MARKET WATCH: Crude prices fall on unexpected US oil inventory build August 2, 2018 - Light, sweet crude oil contracts for September and October deliveries dropped more than $1/bbl for the second consecutive day Aug. 1 on the New York market. Brent crude oil for October delivery dropped by more than $1.80/bbl to settle above Full Story
Ultrasonic testing method improves corrosion detection on steel bridges August 1, 2018 - A research implementation project completed by MnDOT’s Bridge Office shows that phased array ultrasonic 3-D scanning more accurately detects and measures corrosion on steel bridges than traditional methods. More accurate data will allow engineers to correctly evaluate bridge conditions, calculate Full Story
MARKET WATCH: NYMEX oil prices dip over $1/bbl on API inventory gain August 1, 2018 - Light, sweet crude oil contracts dropped more than $1/bbl July 31 on the New York market, giving up the previous day’s gain. The American Petroleum Institute reported US crude oil inventories increased by 5.59 million bbl for the week ended Full Story
EIA: US crude inventories increase 3.8 million bbl August 1, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, changed direction for the week ended July 27, increasing by 3.8 million bbl after a decline the previous week, according to data from the US Energy Information Administration. Continue Reading »
MARKET WATCH: Oil prices drop on hints of rising world oil supply July 30, 2018 - Oil prices fell on the New York and London markets July 27, ending the week with falling prices after three consecutive days of crude price gains. Traders and analysts attributed the price drop to hints of increasing oil supply from Full Story
MARKET WATCH: Oil markets show muted reaction to attacks on Saudi tankers July 27, 2018 - The light, sweet crude oil contract for September settled above $69/bbl for a second consecutive day on the New York market July 26 while Brent crude oil for September settled above $74/bbl. Continue Reading »
Baker Hughes: US rig count up 2 units to 1,048 July 27, 2018 - The US drilling rig count reached 1,048 units working for the week ended July 27, up 2 rigs from a week ago, according to Baker Hughes data. The count is up 90 units from this time a year ago when Full Story
Controlling corrosion July 26, 2018 - As long as there has been an oil industry, there have been corrosion and erosion. Upstream, midstream and downstream operators have constantly sought better ways to protect their assets and safeguard both health and safety and the bottom line. READ Full Story
MARKET WATCH: Oil prices rise on lower US crude inventory July 26, 2018 - Light, sweet crude oil prices settled above $69/bbl on the New York market July 25 after a weekly US government report showed an unexpectedly steep decline in US crude oil inventories. Meanwhile, record US oil production held steady with the Full Story
EIA: US crude inventories decrease 6.1 million bbl July 25, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 6.1 million bbl for the week ended July 20, according to data from the US Energy Information Administration. At 404.9 million bbl, US crude oil inventories are about 3% Full Story
Corrosion Basics – Water Constituents July 25, 2018 - In water, the concentrations of various substances in dissolved, colloidal, or suspended form are typically low, but may vary considerably depending on the components and usage. For example, hardness values of up to 400 parts per million of calcium carbonate Full Story
MARKET WATCH: Oil prices rise on Trump tweet about Iran July 23, 2018 - The light, sweet crude oil contract for August delivery gained $1 to settle above $70/bbl on the New York futures market July 20 while Brent crude oil prices gained modestly to hold around $73/bbl. Oil prices continued gaining in July Full Story
MARKET WATCH: NYMEX oil prices rebound after Saudi production statement July 20, 2018 - Light, sweet crude oil prices dropped in intraday trading July 19 in New York on continued oversupply fears as output from the US and Saudi Arabia both increased, but a strong statement from the Saudis on July 19 boosted prices Full Story
Baker Hughes: US rig count down 8 units to 1,046 July 20, 2018 - The US drilling rig count reached 1,046 units working for the week ended July 20, down 8 rigs from a week ago, according to Baker Hughes data. The count is up 96 units from this time a year ago when Full Story
MARKET WATCH: NYMEX crude oil prices drop after US oil inventory rise July 19, 2018 - Light, sweet crude oil prices rose for a second consecutive day on July 18 in New York but dropped in early July 19 trading as market participants considered a rising US oil inventory and rising production. Continue Reading »
MARKET WATCH: Oil prices gain despite talk of rising US, Saudi crude supply July 18, 2018 - Light, sweet oil prices settled slightly higher on the New York market July 17 after dropping to the lowest level nearly a month earlier on expectations of additional crude oil likely becoming available to world markets. Continue Reading »
EIA: US crude stockpiles increase 5.8 million bbl July 18, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, reversed course from the prior week’s draw with a 5.8 million-bbl increase for the week ended July 13, according to US Energy Information Administration data. Continue Reading »
The three types of anti-corrosion coatings explained July 17, 2018 - Anti-corrosion coatings provide a robust level of protection against corrosion for components operating in highly corrosive environments. The options for anti-corrosion coatings are vast but they can be broken down into three main groups; barrier, inhibitive and sacrificial. In this Full Story
MARKET WATCH: Brent crude oil for September plunges nearly $3.50/bbl July 17, 2018 - The Brent crude oil contract for September delivery plunged by nearly $3.50/bbl on the London market July 16 while light, sweet crude oil prices dipped nearly $3/bbl to the lowest level in 3 weeks on the New York market. Continue Full Story
MARKET WATCH: NYMEX, Brent crude oil prices end week with gains July 16, 2018 - Light, sweet crude oil prices for August gained to settle above $71/bbl on the New York market July 13 while Brent crude oil for September delivery also gained to settle above $75/bbl, ending a week in which oil prices tumbled Full Story
API: Second quarter exploratory gas well completions surged 265% from a year ago July 16, 2018 - The American Petroleum Institute today released its quarterly well completion report for the second quarter of 2018 showing a 265% increase in estimated exploratory gas well completions as compared to the second quarter of 2017. Continue Reading »
MARKET WATCH: NYMEX crude oil for September holding above $70/bbl July 13, 2018 - Light, sweet crude oil prices for August fell slightly but held above $70/bbl on the New York market July 12 while Brent crude for September delivery rose by more than $1/bbl on the London market after having dropped more than Full Story
Baker Hughes: US rig count up 2 units to 1,054 July 13, 2018 - The US drilling rig count reached 1,054 units working for the week ended July 13, up 2 rigs from a week ago, according to Baker Hughes data. The count is up 102 units from this time a year ago when Full Story
Stopping corrosion under insulation in global oil and gas facilities July 12, 2018 - Corrosion Under Insulation (CUI) is the root cause of many of the global petrochemical industry’s most serious problems including forced shutdowns, lost production, early repair and replacement, as well as safety and environmental consequences that can cost millions of dollars Full Story
More Hanford nuclear waste tanks at risk of leaking July 10, 2018 - Initially, officials suspected the leak was caused by construction problems, including welds that had to be reworked as many as four times. But an inspection in 2017, after most of the waste was retrieved from the tank, found widespread pitting Full Story
The science behind it: A ‘cultural’ change in detecting microbiological activity July 10, 2018 - Molecular microbiological methods are becoming more commonly used as an alternative for culture-based methods for estimating bacterial numbers in oilfield systems. The presence of microorganisms and their associated activity is increasingly recognized as a major concern in the oil and Full Story
MARKET WATCH: Crude oil benchmarks rise on Libya, Canada supply outages July 10, 2018 - The light, sweet oil price for August delivery rose July 9 on the New York market to settle at $73.85/bbl, which analysts attributed to continuing supply outages from Libya and Canadian oil sands. The Brent crude oil price for September Full Story
MARKET WATCH: NYMEX, Brent crude oil prices diverge to end week July 9, 2018 - The light, sweet oil price for August delivery rose July 6 to settle at $73.80/bbl on the New York market amid concerns about possible supply disruptions even while some members of the Organization of Petroleum Exporting Countries are raising oil Full Story
2018 deadline nears for new US underground storage tank rules July 6, 2018 - The third and final deadline for underground storage tank owners and operators to meet new federal requirements from the U.S. Environmental Protection Agency for spill, overfill, and corrosion protection is Oct. 13, 2018. READ MORE
EIA: US crude stockpiles increase 1.2 million bbl July 6, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased 1.2 million bbl for the week ended June 29, according to US Energy Information Administration data. EIA released the Weekly Petroleum Status Report a day later than normal because of Full Story
Baker Hughes: US rig count up 5 units to 1,052 July 6, 2018 - The US drilling rig count reached 1,052 units working for the week ended July 6, up 5 rigs from a week ago, according to Baker Hughes data. The count is up 100 units from this time a year ago when Full Story
MARKET WATCH: Brent crude oil drops nearly $2/bbl despite Libya export disruptions July 3, 2018 - The light, sweet crude oil contract for August delivery fell modestly to settle just under $74/bbl on July 2 while Brent crude oil for September delivery fell by nearly $2 in London to settle above $77/bbl. Continue Reading »
Construction concerns: Galvanic corrosion July 2, 2018 - Galvanic corrosion” is damage caused when two dissimilar metals are joined in the presence of an electrolyte. The electrolyte can be one of many liquids, including plain water, acids, sea water, or salt water. When the two metals are joined Full Story
MARKET WATCH: Oil prices climb to end June as Trump asks Saudis to produce more oil July 2, 2018 - The light, sweet crude oil contract for August delivery reached its highest level since November 2014, settling above $74/bbl on the New York market June 29 while Brent crude oil for August delivery settled at nearly $80/bbl in London. Continue Full Story
MARKET WATCH: Oil prices climb on world crude supply concerns, geopolitics June 29, 2018 - Light, sweet crude oil prices reached a 3-year high on the New York market June 28, briefly climbing above $73.50/bbl, which analysts attributed to a steep decline in US crude supplies and US-Iranian tensions. The trading session ended with a Full Story
Baker Hughes: US rig count drops 5 units to 1,047 June 29, 2018 - The US drilling rig count reached 1,047 units working for the week ended June 29, down 5 rigs from a week ago, according to Baker Hughes data. The count is up 107 units from this time a year ago when Full Story
Methane-producing microbial communities found in fracking wells June 28, 2018 - Deep in the rocky earth, in the liquid-filled cracks created by fracking, lives a community of highly interactive microbes — one that could at once have serious implications for energy companies, human health and scientists investigating the potential for life Full Story
Oneok mulls expansion of gas systems in Permian basin, Oklahoma June 28, 2018 - Oneok Inc., Tulsa, plans to expand its natural gas pipeline systems in the Permian basin and Oklahoma by as much as 1.7 bcfd. Continue Reading »
MARKET WATCH: Crude oil prices gain on steep drop in US oil supplies June 28, 2018 - The light, sweet crude oil price for August delivery jumped by more than $2/bbl for a second consecutive day to settle above $72/bbl on the New York market June 27 while Brent crude climbed by more than $1/bbl to settle Full Story
Report: Tunnel, trench offer options for replacing pipeline June 25, 2018 - A 65-year-old pipeline that carries crude oil beneath a sensitive waterway connecting two of the Great Lakes could be replaced with pipes buried in a tunnel or partially enclosed in trenches that would pose virtually no risk of leakage but Full Story
MARKET WATCH: NYMEX crude oil gains $3/bbl after OPEC meeting June 25, 2018 - Light, sweet crude oil prices for August escalated by more than $3/bbl on the New York market June 22 after OPEC announced its members agreed to roll back overcompliance with production-cut targets established in November 2016. Continue Reading »
MARKET WATCH: Brent crude drops more than $1/bbl ahead of OPEC meeting June 22, 2018 - Brent crude oil prices dropped more than $1/bbl on the London market June 21 on the eve of a meeting in Vienna by the Organization of Petroleum Exporting Countries, which agreed on no more than 100% compliance with its existing Full Story
Baker Hughes: US rig count drops 7 units to 1,052 June 22, 2018 - The US drilling rig count reached 1,052 units working for the week ended June 22, down 7 rigs from a week ago, according to Baker Hughes data. The count is up 111 units from this time a year ago when Full Story
EIA: US crude stockpiles decrease 5.9 million bbl June 21, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 5.9 million bbl for the week ended June 15, according to US Energy Information Administration data. At 426.5 million bbl, US crude oil inventories are 2% below the 5-year average Full Story
Meridian receives permit to build proposed North Dakota refinery June 20, 2018 - Wed, Jun 13, 2018 The North Dakota Department of Health’s division of air quality has issued the final permit-to-construct for Meridian Energy Group’s two-phased grassroots 49,500-b/sd high-conversion Davis refinery to be built in Billings County in the heart of southwestern Full Story
Studies show groundwater holding own against drilling boom June 20, 2018 - New research suggests drinking water supplies in Pennsylvania have shown resilience in the face of a drilling boom that has turned swaths of countryside into a major production zone for natural gas. Studies show groundwater holding own against drilling boom
MARKET WATCH: Crude benchmark prices drop pending likely OPEC production increase June 20, 2018 - Light, sweet crude oil prices fell on the New York market June 19 as did Brent crude prices in London while oil ministers gather in Vienna for a June 22 meeting of the Organization of Petroleum Exporting Countries. Continue Reading Full Story
MARKET WATCH: Brent, NYMEX crude prices gain awaiting OPEC meeting June 19, 2018 - Light, sweet crude oil prices gained on the New York market June 18 while Brent crude prices for August climbed by $1.90/bbl in London. Oil prices have fluctuated between gains and losses in recent trading sessions. Continue Reading »