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Colorado voters defeat proposition to increase well setbacks November 13, 2018 - Colorado voters on Nov. 6 defeated Proposition 112, which would have increased oil and gas well setbacks from homes and businesses. Continue Reading »
MARKET WATCH: NYMEX settles below $60/bbl, while Brent nears $70/bbl November 13, 2018 - Crude oil benchmarks dropped on markets in New York and London Nov. 12, which analysts attributed in part to comments by US President Donald Trump urging Saudi Arabia and the Organization of Petroleum Exporting Countries against cutting oil production. Continue Full Story
Baker Hughes: US rig count jumps 14 units to 1,081 November 9, 2018 - The US drilling rig count is up 14 units to 1,081 rigs working for the week ended Nov. 9, according to Baker Hughes data. The count is up 174 units from the 907 rigs working this time a year ago. Full Story
MARKET WATCH: NYMEX crude for December drops by $1/bbl November 9, 2018 - The price of light, sweet crude oil for December delivery dropped $1 to settle under $61/bbl on the New York market Nov. 8 while Brent crude oil for January delivery dropped more than $1 to settle under $71/bbl. During Nov. Full Story
Federal judge halts Keystone XL construction for further NEPA review November 9, 2018 - A federal district court judge in Montana vacated a Mar. 23, 2017, US Department of State Record of Decision authorizing construction of the Keystone XL crude oil pipeline and ordered further environmental reviews of the project. Continue Reading »
Baker Hughes: International rig count up 13 units in October November 7, 2018 - The international rig count for October was 1,017, up 13 from the 1,004 counted in September and up 66 from the 951 counted a year ago, according to Baker Hughes data. The international offshore rig count for October was 207, Full Story
MARKET WATCH: Crude oil prices fall on growing US supply forecasts November 7, 2018 - Crude oil benchmarks fell in Nov. 6 trading on markets in New York and London, which analysts attributed to traders and investors acknowledging upside supply risks given that US oil production has been rising and is expected to continue doing Full Story
DOI: Fiscal 2018 payments to states, tribes rose 26% from 2017 November 6, 2018 - The US Department of the Interior’s Office of Natural Resources Revenue distributed $8.93 billion in revenue and royalties from energy produced on federal managed public and Indian tribal land to states, tribes and three special funds, 26% more than the Full Story
MARKET WATCH: Brent crude oil up, NYMEX oil futures down November 6, 2018 - Brent crude oil prices gained modestly on the London market Nov. 5 to settle above $73/bbl while light, sweet crude oil prices dropped slightly in New York to settle above $63/bbl. US crude futures have held in the $63/bbl range Full Story
Baker Hughes: US rig count down 1 unit to 1,067 November 2, 2018 - The US drilling rig count is down 1 unit to 1,067 rigs working for the week ended Nov. 2, according to Baker Hughes data. The count is up 169 units from the 898 rigs working this time a year ago. Full Story
MARKET WATCH: Crude oil benchmark prices drop before US oil sanctions on Iran November 2, 2018 - Light, sweet crude oil prices dropped more than $1/bbl on the New York market Nov. 1 while Brent crude oil prices dropped more than $2/bbl in London in anticipation of US oil sanctions being fully implemented against Iran. Meanwhile, US Full Story
MARKET WATCH: Crude oil benchmarks end week higher October 29, 2018 - Crude oil benchmarks closed modestly higher on Oct. 26, approaching the end of a month in which volatility in global stock markets caused swings back and forth from steep losses to small gains. Analysts said the Dow Jones Industrial Average, Full Story
Baker Hughes: US rig count up 1 unit to 1,068 October 26, 2018 - The US drilling rig count was up 1 unit to 1,068 rigs working for the week ended Oct. 26, according to Baker Hughes data. The count is up 159 units from the 909 rigs working this time a year ago. Full Story
MARKET WATCH: NYMEX crude oil prices rise on stabilizing US stock market October 26, 2018 - Light, sweet crude oil prices gained modestly to settle above $67/bbl on the New York market Oct. 25 while Brent crude oil prices also rose to close above $76.80/bbl. Upward momentum in oil prices followed stabilizing equity markets. US stock Full Story
EIA: US crude inventories increase 6.3 million bbl October 24, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.3 million bbl for the week ended Oct. 19, according to data from the US Energy Information Administration. At 422.8 million bbl, US crude oil inventories are about 2% Full Story
MARKET WATCH: Brent crude falls toward $75/bbl, NYMEX approaches $66/bbl October 24, 2018 - Brent crude oil prices settled below $77/bbl on the London market Oct. 23, which analysts attributed to traders’ concerns that worldwide oil demand is weakening amid ample crude supply even as US sanctions are fully implemented on Iranian oil exports Full Story
MARKET WATCH: Brent crude, WTI end week in decline October 22, 2018 - Brent crude oil for December remained under $80/bbl on the London market Oct. 19 while light, sweet oil for November and December delivery settled over $69/bbl in New York. All were up slightly Oct. 19 as China showed signs of Full Story
API: US petroleum demand in September slowed from August October 19, 2018 - With seasonal slowing after the summer driving season, US petroleum demand was 20.1 million b/d in September, down 3.5% from August but up 2.4% compared with September 2017. This is according the latest monthly statistics report from the US American Full Story
Baker Hughes: US rig count up 4 units to 1,067 October 19, 2018 - The US drilling rig count was up 4 units to 1,067 rigs working for the week ended Oct. 19, according to Baker Hughes data. The count is up 154 units from the 913 rigs working this time a year ago. Full Story
MARKET WATCH: Brent crude oil price settles under $80/bbl October 19, 2018 - Brent crude oil for December settled under $80/bbl on the London market Oct. 18 while light, sweet oil for November and December settled under $69/bbl in New York. The Oct. 18 Brent settlement was the lowest since Sept. 21. Earlier Full Story
Corrosion basics – corrosion damage in reinforced concrete October 18, 2018 - The main causes of corrosion of steel in concrete are chloride attack and carbonation. These two mechanisms are unusual in that they do not attack the integrity of the concrete. Instead, aggressive chemical species pass through the pores in the Full Story
MARKET WATCH: Oil prices drop on surprise build in US oil inventory October 18, 2018 - Light, sweet oil prices settled under $70/bbl, down more than $2 on the New York market Oct. 17 compared with the previous day after a government report showed an unexpected rise in the US crude oil inventory, excluding the Strategic Full Story
EIA: US crude inventories increase 6.5 million bbl October 17, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.5 million bbl for the week ended Oct. 12, according to data from the US Energy Information Administration. At 416.4 million bbl, US crude oil inventories are about 2% Full Story
MARKET WATCH: Oil price rally pauses given US stock market volatility October 17, 2018 - Light, sweet oil prices climbed to settle slightly higher on Oct. 16 but fell Oct. 17 in early trading on the New York market, which analysts attributed to broader US equity market jitters. Crude prices had climbed to multiyear highs Full Story
MARKET WATCH: Crude oil prices rise on US-Saudi tensions October 15, 2018 - Light, sweet crude oil rose modestly for the November contract to settle above $71/bbl on the New York market Oct. 12 while Brent crude oil for the December contract held above $80/bbl in London. Oil prices continued their upward momentum Full Story
Baker Hughes: US rig count jumps 11 units to 1,063 October 12, 2018 - The US drilling rig count jumped 11 units to 1,063 rigs working for the week ended Oct. 12, according to Baker Hughes data. The count is up 135 units from the 928 rigs working this time a year ago. All Full Story
MARKET WATCH: Crude oil benchmarks fall with declining equity markets October 12, 2018 - Both light, sweet crude oil on the New York market and Brent in London toppled by more than $2/bbl on Oct. 11 following a 2-day selloff across equity markets worldwide. “Brent even dipped briefly below $80/bbl,” Commerzbank analysts said of Full Story
Underdeposit corrosion in a subsea water injection pipeline October 11, 2018 - Underdeposit corrosion is a phenomenon that leads to pipeline failures and is one of the most damaging forms of corrosion for oil and gas pipelines. It can occur in subsea water injection pipelines, well-fluid pipelines, and large-diameter transmission lines. READ Full Story
EIA: US crude inventories increase 6 million bbl October 11, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6 million bbl for the week ended Oct. 5, according to data from the US Energy Information Administration. EIA released the Weekly Petroleum Status Report a day later than Full Story
Moody’s: Permian basin pipeline constraints to limit 2019 production October 10, 2018 - A lack of pipelines to carry oil and natural gas out of the Permian basin in West Texas and southeastern New Mexico will limit exploration and production and weaken realized prices until late 2019, when new pipeline capacity comes online, Full Story
MARKET WATCH: NYMEX November contract gained to settle just below $75/bbl October 10, 2018 - Light, sweet crude oil prices gained on the New York market to settle just below $75/bbl on Oct. 9 while Brent crude prices climbed by more than $1 to settle at $85/bbl. Market participants on Oct. 10 closely monitored a Full Story
Trump orders EPA to waive volatility limits for E15 October 10, 2018 - US President Donald Trump ordered the US Environmental Protection Agency to waive volatility limits for gasoline with a 15% blend, facilitating its year-round sale in the country. Agricultural and ethanol interests applauded the Oct. 9 move, while the oil and Full Story
Hurricane Michael prompts evacuations October 9, 2018 - Operators had moved workers off 10 production platforms as of midday Oct. 8 as Hurricane Michael entered the Gulf of Mexico, reported the US Bureau of Safety and Environmental Enforcement. No fixed drilling rigs had been evacuated. Five dynamically position Full Story
MARKET WATCH: Crude oil prices retreat as supply disruption concerns ease October 9, 2018 - Crude oil prices retreated slightly on both the New York and London markets Oct. 8 with light, sweet crude prices dropping 5¢/bbl while Brent crude price prices dropped about 24¢/bbl, attributed, in part, to indications that market disruption from pending Full Story
Unmasking corrosion to design better protective thin films for metals October 8, 2018 - Corrosion of metals is an age-old problem, but they are normally protected from catastrophic damage by naturally forming, super-thin oxide films. Traditionally, these protective films have been viewed as simple oxides of well-anticipated compounds. Now researchers have found the protective Full Story
MARKET WATCH: Crude oil prices steady at the end of a volatile week October 8, 2018 - Crude oil prices were steady Friday on both the New York and London markets Oct. 5 with light, sweet crude and Brent crude prices hovering a within a 10¢-range of the previous day’s prices. The calm comes after a volatile Full Story
Corrosion in Alaskan infrastructure October 5, 2018 - Alaska is home to many distinct environments, with each presenting its own challenges when designing for corrosion control. READ MORE
Baker Hughes: US rig count drops 2 units to 1,052 October 5, 2018 - The US drilling rig count is down 2 units to 1,052 rigs working for the week ended Oct. 5, according to Baker Hughes data. The count is up 116 units from the 936 rigs working this time a year ago. Full Story
MARKET WATCH: Crude oil prices retreat, NYMEX drops $2/bbl October 5, 2018 - Crude oil prices retreated on both the New York and London markets Oct. 4 with light, sweet crude prices dropping about $2/bbl while Brent crude price prices dropped about $1.70/bbl, which analysts attributed to volatility in US equity and bond Full Story
MARKET WATCH: Crude oil prices drop slightly but hover near 4-year highs October 3, 2018 - Light, sweet crude oil prices for November and December delivery declined slightly but each contract settled above $75/bbl on the New York market Oct. 2, staying near 4-year highs as did Brent crude oil. Brent for December and January dropped Full Story
EIA: US crude inventories increase 8 million bbl October 3, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 8 million bbl for the week ended Sept. 28, according to data from the US Energy Information Administration. At 404 million bbl, US crude oil inventories are at the Full Story
MARKET WATCH: Brent crude oil prices approach $85/bbl on supply concerns October 2, 2018 - Light, sweet crude oil prices for November and December jumped more than $2 to settle above $75/bbl on the New York market Oct. 1 while Brent crude oil for December and January also climbed more than $2 to settle above Full Story
US drinking water supply is at risk from deteriorating pipes October 1, 2018 - As prospects fade for bipartisan infrastructure legislation, a new report highlights the dire consequences to public health and safety that will result from continued deterioration of the nation’s underground water networks. Beset by over 300,000 water main breaks each year, Full Story
Upon closer inspection, corrosion may be eating away at Red Hill storage tanks October 1, 2018 - A new study suggests that the Navy's massive Red Hill fuel tanks are in worse shape than initially thought. In 2014, 27,000 gallons leaked from one of the Navy's aging tanks. The Navy recently examined one of the steel tanks Full Story
Baker Hughes: US rig count rises single unit to 1,054 September 28, 2018 - The US drilling rig count is up a single unit to 1,054 rigs working for the week ended Sept. 28, according to Baker Hughes data. The count is up 114 units from the 940 rigs working this time a year Full Story
MARKET WATCH: NYMEX crude climbs back above $72/bbl on Perry remarks September 28, 2018 - Light, sweet crude oil prices bounded back above $72/bbl on the New York market Sept. 27 after US Energy Sec. Rick Perry said there are no plans to release oil from the US Strategic Petroleum Reserve. The US November crude Full Story
MARKET WATCH: Brent crude price hovers around 4-year high September 26, 2018 - The Brent crude oil contract for November gained moderately to approach $82/bbl on the London market Sept. 25, maintaining levels not seen since November 2014. US light, sweet crude for November delivery settled above $72/bbl on the New York market Full Story
EIA: US crude inventories increase 1.9 million bbl September 26, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 1.9 million bbl for the week ended Sept. 21, according to data from the US Energy Information Administration. At 396 million bbl, US crude oil inventories are about 2% Full Story
API: US petroleum demand in August reached 20.8 million b/d September 26, 2018 - According the latest monthly statistics report from the American Petroleum Institute, US petroleum demand in August, led by motor gasoline, distillate, and refinery feedstocks, increased to 20.8 million b/d, up 250,000 b/d from July. This was the strongest demand for Full Story
Bridge infrastructure at risk from corrosion as trucks get heavier, engineers say September 24, 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 oil price drops on slightly lower US rig count September 24, 2018 - The light, sweet crude oil prices for November rose modestly Sept. 21, settling above $70/bbl on the New York market for a third consecutive day before a weekend meeting of the Joint Ministerial Monitoring Committee (JMMC), representing nations coordinating oil Full Story
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