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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 »
Trump orders ‘immediate steps’ to boost coal, nuclear plants June 19, 2018 - President Donald Trump has directed Energy Secretary Rick Perry to take "immediate steps" to bolster struggling coal-fired and nuclear power plants to keep them open, calling it a matter of national and economic security. Trump orders 'immediate steps' to boost Full Story
Firefighter, 4 others badly hurt in Oklahoma gas line blast June 18, 2018 - An Oklahoma firefighter and four other people have been injured in an explosion and fire after a natural gas line ruptured in Tulsa. Firefighter, 4 others badly hurt in Oklahoma gas line blast
Court upholds lease extension for California nuclear plant June 15, 2018 - A division of the 2nd District Court of Appeal rejected claims that the state lands commission should have conducted a thorough environmental review before deciding whether to extend the lease of the Diablo Canyon nuclear power plant in San Luis Full Story
Baker Hughes: US rig count drops 3 units to 1,059 June 15, 2018 - The US drilling rig count reached 1,059 units working for the week ended June 15, down 3 rigs from a week ago, according to Baker Hughes data. The count is up 126 units from this time a year ago when Full Story
MARKET WATCH: NYMEX, Brent crude prices diverge pending OPEC meeting June 15, 2018 - Light, sweet crude prices rose to settle June 14 in the $66-67/bbl range on the New York futures market while Brent crude oil prices fell to settle in the $75-76/bbl range in London pending a June 22 meeting of the Full Story
EIA: US crude stockpiles decrease 4.1 million bbl June 13, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 4.1 million bbl for the week ended June 8, according to US Energy Information Administration data. The latest estimate is 432.4 million bbl, putting oil in storage in the lower Full Story
MARKET WATCH: Light, sweet crude price splits direction from Brent June 13, 2018 - Light, sweet crude oil prices rose slightly on the New York market June 12 to remain above $66/bbl while Brent crude oil prices fell in London but held above $75/bbl. The International Energy Agency said June 13 that it expects Full Story
Corps to wrap up Dakota Access pipeline work in 2 months June 13, 2018 - The U.S. Army Corps of Engineers within the next two months expects to wrap up an environmental study of the Dakota Access oil pipeline after recently meeting with four American Indian tribes battling the pipeline in court. Corps to wrap Full Story
Make solar farm sites friendly to bees June 12, 2018 - New York will encourage solar farm operators to incorporate bee-friendly vegetation on their properties under legislation awaiting Gov. Andrew Cuomo's signature. Make solar farm sites friendly to bees
MARKET WATCH: NYMEX crude reaches above $66/bbl; Brent holds at $76/bbl June 12, 2018 - Crude oil prices gained slightly on the New York market and held steady in London June 11 while oil traders and analysts awaited the June 12 release of the Organization of Petroleum Exporting Countries’ latest monthly oil market report. Continue Full Story
Firm eyeing purchase of Arizona’s Navajo Generating Station June 11, 2018 - A Chicago-based company said Thursday it is putting together a proposal to buy the coal-fueled Navajo Generating Station, a move that could forestall the plant's scheduled closure in late 2019 and save hundreds of jobs and funding for Native American Full Story
MARKET WATCH: Crude oil prices volatile pending OPEC meeting June 11, 2018 - Light, sweet crude oil prices fell modestly June 8 on the New York market while Brent crude oil prices dropped about 80¢/bbl on the London market pending a June 22 meeting of the Organization of Petroleum Exporting Countries in Vienna. Full Story
Colorado utility plans to retire coal plants, add renewables June 8, 2018 - Xcel Energy said the changes would reduce its carbon pollution in the state by 60 percent and increase its share of renewable energy to almost 55 percent, up from about 28 percent now. Colorado utility plans to retire coal plants, Full Story
MARKET WATCH: Crude oil markets rally on June 7 June 8, 2018 - Light, sweet crude oil prices rose by more than $1/bbl June 7 on the New York market while Brent crude oil prices rose about $2/bbl in London in what has been a volatile week for oil prices. Oil prices fell Full Story
Baker Hughes: US rig count climbs 2 units to 1,062 June 8, 2018 - The US drilling rig count reached 1,062 units working, up 2 rigs the week ended June 8, according to Baker Hughes data. The count is up 135 units from this time a year ago when the count stood at 927. Full Story
API launches coalition to expand US offshore activity June 7, 2018 - The American Petroleum Institute has launched a bipartisan coalition of more than 100 business and government leaders across the southeastern US states that will advocate expanding offshore US oil and gas activity onto the Mid-Atlantic Outer Continental Shelf and into Full Story
MARKET WATCH: Crude benchmarks drop on higher US oil supply June 7, 2018 - Light, sweet crude oil prices fell June 6 on the New York market after a weekly government report showed higher US oil inventories and rising US oil production. Analysts also remain closely focused on risks to world oil supplies pending Full Story
House OKs bill to relax rules for shallow gas, oil drilling June 7, 2018 - A Republican bill to relax regulations on the shallow oil and gas drilling that has gone on in Pennsylvania for more than a century passed the state House this week despite firm opposition from Democratic Gov. Tom Wolf. House OKs Full Story
Corrosion basics: Special cathodic protection requirements for specific pipeline applications June 5, 2018 - Most pipeline cathodic protection applications involve either galvanic anode or impressed current systems installed in earth for protection of external surfaces. Of the galvanic anode installations, most use magnesium as the anode material. Rectifiers are the most common source of Full Story
Massachusetts hoping to be nation’s offshore wind power hub June 5, 2018 - The announcement that Massachusetts will work with Rhode Island to bring up to 1,200 megawatts of offshore wind energy to the region marks a milestone in the state's efforts to develop renewable energy. Massachusetts hoping to be nation's offshore wind Full Story
Owner of nation’s oldest nuke plant files $1.4B closing plan June 4, 2018 - Chicago-based Exelon Generation recently filed its plan for the Oyster Creek plant. It will now be reviewed by the Nuclear Regulatory Commission, which must give its approval. Owner of nation's oldest nuke plant files $1.4B closing plan
MARKET WATCH: Crude prices drop on higher US production June 4, 2018 - Light, sweet crude oil prices fell by more than $1/bbl on the New York market June 1 while the Brent contract for August delivery fell nearly 80¢/bbl. Analysts attributed the price drops to increased US oil production. Continue Reading »
Investigators find severe corrosion in 2015 California gas leak June 4, 2018 - Independent investigators found extensive corrosion on the well casing that broke open at Southern California Gas Co.'s Aliso Canyon gas storage facility in October 2015. In the aftermath, engineering consultancy Blade Energy Partners was granted authority by the California Public Full Story
New Rhode Island wind farms will create jobs, investment May 31, 2018 - Deepwater Wind says its new wind farm will create more than 800 jobs and result in $250 million in investments in Rhode Island. New Rhode Island wind farms will create jobs, investment
MARKET WATCH: Crude oil prices drop on geopolitical uncertainty May 30, 2018 - Light, sweet crude oil prices for July and August dropped more than $1/bbl on the New York market May 29. The decline marked a fifth straight session of losses—the longest streak since February—as markets reopened after being closed May 28 Full Story
Canada buys Trans Mountain pipeline system May 30, 2018 - Kinder Morgan, Inc. has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project by the Government of Canada for C$4.5 billion, and has agreed to work with Canada to seek a third party buyer for Full Story
North Dakota oil, gas revenue up 25 percent May 29, 2018 - A report by the Legislature's research arm shows North Dakota's oil and gas revenue is $1.6 billion for the state's current two-year budget cycle that began in July. That's $323 million more than initial estimates. North Dakota oil, gas revenue Full Story
MARKET WATCH: Crude oil benchmarks tumble more than $2/bbl May 29, 2018 - Oil futures prices dipped more than $2/bbl on both London and New York markets on May 25 after the energy ministers of Saudi Arabia and Russia reportedly discussed easing production-cut targets during a meeting in St. Petersburg. Continue Reading »
Corrosion basics: Special cathodic protection requirements for specific pipeline applications May 25, 2018 - Most pipeline cathodic protection applications involve either galvanic anode or impressed current systems installed in earth for protection of external surfaces. Of the galvanic anode installations, most use magnesium as the anode material. Rectifiers are the most common source of Full Story
Baker Hughes: US rig count jumps 13 units May 25, 2018 - The US drilling rig count was up 13 units to 1,059 the week ended May 25, according to Baker Hughes data. The count is up 151 units from this time a year ago when the count stood at 908. Continue Full Story
MARKET WATCH: Brent crude price nears $80/bbl again May 24, 2018 - Brent crude oil prices gained modestly during the May 23 trading session in London to approach $80/bbl. Traders and analysts awaited news from a meeting of oil ministers in Russia that includes some Middle Eastern officials. Continue Reading »
New Jersey OKs $300M annually to rescue nuclear industry May 24, 2018 - Legislation that would authorize $300 million annually to rescue New Jersey's nuclear energy industry — a request for financial help made by the state's largest utility company — was signed into law Wednesday. New Jersey OKs $300M annually to rescue Full Story
Xcel Energy Cuts Carbon Emissions 35 Percent May 24, 2018 - Xcel Energy is a step closer to achieving one of the most aggressive carbon-reduction goals in the industry. Xcel Energy Cuts Carbon Emissions 35 Percent
EIA: US crude stockpiles increase 5.8 million bbl May 23, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased 5.8 million bbl for the week ended May 18, according to US Energy Information Administration data. Continue Reading »
Dayton vetoes bill to bypass regulators on Enbridge Line 3 May 23, 2018 - Gov. Mark Dayton has vetoed a bill that would have allowed Enbridge Energy to bypass the state Public Utilities Commission and proceed with replacing its aging Line 3 crude oil pipeline across northern Minnesota. Dayton vetoes bill to bypass regulators Full Story
MARKET WATCH: Crude oil benchmarks gain after US demands on Iran May 22, 2018 - Brent crude oil prices approached $80/bbl during the May 22 trading session in London a day after US Sec. of State Mike Pompeo outlined demands on May 21 that Iran must meet before US officials would agree to enter a Full Story
Ameren to build Missouri’s largest wind farm May 22, 2018 - Ameren Missouri plans to build a 400-megawatt wind farm in rural northeast Missouri, creating enough power to serve 120,000 homes within two years. Ameren to build Missouri's largest wind farm
75 years of corrosion prevention May 21, 2018 - NACE International is celebrating its Diamond Anniversary throughout the 2018 calendar year by honoring the accomplishments of industry and its members worldwide. One way in which it will acknowledge this milestone is with a special September keepsake issue of Materials Full Story
MARKET WATCH: Brent crude oil ends week under $79/bbl May 21, 2018 - US light, sweet crude oil and Brent crude oil prices both decreased May 18 to end a volatile trading week as analysts contemplated the effects upon world oil markets from planned US economic sanctions on Iran as well as on Full Story
MARKET WATCH: Brent, NYMEX oil prices gain pending US sanctions on Iran May 18, 2018 - Brent crude oil for July delivery temporarily reached above $80/bbl on the London market before dropping by the end of the May 17 trading session to close at $79.30/bbl. Light, sweet crude oil on the New York market settled unchanged Full Story
Baker Hughes: US rig count gains 1 unit to 1,046 May 18, 2018 - The overall US rig count continues its climb with a slight gain this week. Baker Hughes’ calculation of active US rigs increased by 1 unit during the week ended May 18 to 1,046. Continue Reading »
MARKET WATCH: Oil prices climb awaiting US sanctions on Iran May 15, 2018 - Oil prices rose on the New York and London markets May 14, supported by signs that major oil producers remain committed to reducing world oil supply and awaiting clarification on how renewed US sanctions against Iran will affect world oil Full Story
Curacao court OKs Conoco seizing Venezuelan oil assets May 15, 2018 - A court on the Dutch island of Curacao has authorized the local subsidiary of U.S. oil giant ConocoPhillips to seize $636 million worth of assets held on the island by Venezuela's state oil company, PDVSA. Curacao court OKs Conoco seizing Full Story
Canada divided over oil pipeline from tar sands to Pacific May 14, 2018 - A pipeline project that would vastly expand Canadian oil exports to Asia is dividing the country, pitting indigenous groups and people who fear damage to the scenic coastline near Vancouver against the central government and the influential energy industry. Canada Full Story
MARKET WATCH: Brent crude for July hovers above $77/bbl May 14, 2018 - The Brent crude oil price for July delivery declined modestly on May 11 but still settled above $77/bbl on the London market while the light, sweet crude oil price for June delivery also fell but still settled well above $70/bbl Full Story
MARKET WATCH: NYMEX, Brent prices hold steady awaiting results of US sanctions on Iran May 11, 2018 - Light, sweet crude prices increased modestly to settle above $71/bbl for a second consecutive day on the New York market May 10 while the Brent crude price for July also climbed on the London market to settle above $77/bbl for Full Story
Baker Hughes: US rig count jumps 13 units to 1,045 May 11, 2018 - The US drilling rig count gained 13 units to reach 1,045 during the week ended May 4, data from Baker Hughes indicate. The report shows an overall increase of 160 units from year-ago levels. Continue Reading »
Siemens sees slump in fossil-fuel power generation May 10, 2018 - Siemens saw profit rise in the first three months of the year as the company booked a one-time gain related to pensions while profits from its factory digitalization business helped offset sagging results from fossil fuel power generation. Siemens sees Full Story
MARKET WATCH: Oil prices climb on US plans to sanction Iran May 10, 2018 - Light, sweet crude prices jumped more than $2/bbl on the New York market May 9 with both the contracts for June and July delivery settling above $71/bbl. Continue Reading »
Report: Canadian pipeline stasis costly May 8, 2018 - A regional crude price deeply discounted by pipeline congestion might cost energy companies in Canada $15.8 billion (Can.) this year, according to a new report. Continue Reading »
MARKET WATCH: Oil benchmarks jump $1/bbl pending Trump decision on Iran May 8, 2018 - The light, sweet crude oil price for June delivery on the New York market settled above $70.70/bbl on May 7 while Brent crude oil prices in London settled above $76/bbl. Both benchmarks jumped by more than $1/bbl for a second Full Story
Natural gas and renewables make up most of 2018 electric capacity additions May 8, 2018 - Although renewables such as wind and solar accounted for 98% of the 2 GW added so far this year (based on data for January and February), EIA expects about 21 GW of natural gas-fired generators will come online in 2018. Full Story
Baker Hughes: International rig count climbs 6 units in April May 7, 2018 - The international rig count increased 6 units month-over-month to 978 in April from 972 rigs in March, and up 22 from 956 a year ago, according to Baker Hughes data. The international offshore rig count for April was 194, up Full Story
MARKET WATCH: NYMEX oil price reaches $70/bbl May 7, 2018 - The light, sweet crude oil price for June delivery on the New York market reached $70/bbl in early May 7 trading after having settled at $69.72/bbl on May 4, which analysts largely attributed to uncertainty about US foreign policy toward Full Story
MARKET WATCH: NYMEX oil price holds at $68/bbl on uncertain US foreign policy May 4, 2018 - Benchmark oil prices in New York and London rose modestly while traders and analysts agree the oil market is holding fairly steady awaiting an anticipated May 12 decision from US President Donald Trump regarding possible US sanctions on Iran. Continue Full Story
Baker Hughes: US rig count climbs 11 units to 1,032 May 4, 2018 - The US drilling rig count gained 11 units to reach 1,032 during the week ended May 4, data from Baker Hughes indicate. The report shows an overall increase of 154 units from year-ago levels. Continue Reading »
MARKET WATCH: Crude oil prices hold steady pending US decision on Iran May 4, 2018 - Light, sweet crude prices for June delivery gained modestly to settle under $68/bbl on the New York Mercantile Exchange May 2 while Brent crude oil prices for July delivery gained modestly in London to remain above $73/bbl. Continue Reading »
Utility: It will take 15 years to remove dead Detroit lines May 4, 2018 - A utility said it will take years to remove 1,300 miles of obsolete power lines in Detroit, an issue that caught the attention of state regulators after a 12-year-old girl was electrocuted while playing with friends in 2016. Utility: It Full Story
EIA: US crude stockpiles increase 6.2 million bbl May 2, 2018 - US crude oil inventories, excluding the Strategic Petroleum Reserve, increased 6.2 million bbl for the week ended Apr. 27, according to US Energy Information Administration data. Continue Reading »
MARKET WATCH: Crude oil benchmarks dropped more than $1/bbl May 2, 2018 - The oil price benchmarks on the New York and London markets fell by more than $1/bbl on May 1 on a strengthening US dollar. Oil sells on most world markets in US dollars, so a rising dollar makes oil more Full Story
MARKET WATCH: Brent ends April above $75/bbl May 1, 2018 - Brent crude oil settled slightly above $75/bbl on the London market Apr. 30 while light, sweet crude oil prices rose modestly on the New York market. Continue Reading »
Email reveals potential buyer for Navajo coal-fired plant May 1, 2018 - The potential investors of a coal-fired power plant in northern Arizona have been identified as a New York-based firm that focuses on distressed companies and one of its subsidiaries in the utility business. Email reveals potential buyer for Navajo coal-fired Full Story
Husky extinguishes fire at Wisconsin refinery April 27, 2018 - Husky Energy Inc. has extinguished a fire that broke out on Apr. 26 at its 47,500-b/cd refinery in Superior, Wis. Local authorities declared the refinery fire out at about 6:45 p.m. CST on Apr. 26, the operator said in a Full Story
MARKET WATCH: Oil prices rise as Venezuela woes mount April 27, 2018 - Oil prices rose on markets in New York and London Apr. 26. Brent crude oil futures were up 44¢ at $74.44/bbl from their last close, while West Texas Intermediate crude futures were up 31¢ to $68.36/bbl. Continue Reading »
Baker Hughes: US rig count jumps 8 units to hit 1,021 April 27, 2018 - The US drilling rig count gained 8 units to reach 1,021 during the week ended Apr. 27, data from Baker Hughes indicate. The report shows an overall increase of 156 units from year-ago levels. Offshore units were unchanged this week Full Story
Corrosion basics: Testing protective coatings April 26, 2018 - Coating operations of almost any size must include some type of meaningful test program. READ MORE