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FERC issues final EIS for proposed Brownsville Channel LNG project March 22, 2019- Construction of Texas Brownsville LNG LLC’s proposed LNG project could result in adverse environmental consequences, the US Federal Energy Regulatory Commission said in a Mar. 15 final environmental impact statement. Impacts would be less than significant if the project sponsor’s… Full Story
Corrosion Basics — Why Metals Corrode March 22, 2019- Corrosion failures are often subtle and a result of invisible localized effects in the form of pits, intergranular corrosion, or attack within crevices. READ MORE Full Story
Baker Hughes: US rig count edges down single unit to 1,026 March 15, 2019- The US drilling rig count is down 1 unit to 1,026 rigs working for the week ended Mar. 15, according to Baker Hughes data. The count is up 36 units from the 990 rigs working this time a year ago.… Full Story
MARKET WATCH: Crude oil benchmarks close mixed March 15, 2019- Light, sweet crude oil for April settled at $58.61/bbl on Mar. 14, marking the highest level so far this year, while Brent crude oil declined slightly in London to settle at $67.23/bbl, marking its second-highest level of the year. The… Full Story
EIA: US crude inventories down 3.9 million bbl March 14, 2019- US crude oil inventories for the week ended Mar. 8, excluding the Strategic Petroleum Reserve, decreased 3.9 million bbl from the previous week, data from the US Energy Information Administration showed. Continue Reading » Full Story
MARKET WATCH: NYMEX crude oil price reaches 4-month high March 14, 2019- Light, sweet crude oil prices settled above $58/bbl on Mar. 13 after the US Energy Information Administration reported crude oil supplies fell by 3.9 million bbl to 449.1 million bbl for the week ended Mar. 8. The drop was unexpected.… Full Story
Using corrosion as a process variable March 11, 2019- Some petroleum refiners looking for ways to improve profitability have lately turned to buying opportunity crudes from secondary sources. These crudes, while priced less than more premium feedstocks, often contain various contaminants, including solids and corrosive compounds. READ MORE Full Story
IEA: US to drive global oil supply growth; no peak oil demand in sight March 11, 2019- Global oil markets are going through a period of extraordinary change, according to the International Energy Agency’s annual oil market forecast, Oil 2019. The US will drive global oil supply growth over the next 5 years thanks to the remarkable… Full Story
MARKET WATCH: NYMEX, Brent crude oil prices gain modestly March 8, 2019- Light, sweet crude oil prices gained on the New York market Mar. 7 as did Brent crude oil prices in London despite indicators of weakening world economic growth. The European Central Bank cut its 2019 growth forecast to 1.1% from… Full Story
Baker Hughes: US rig count down 11 units to 1,027 March 8, 2019- The US drilling rig count is down 11 units to 1,027 rigs working for the week ended Mar. 8, according to Baker Hughes data. The count is up 43 units from the 984 rigs working this time a year ago.… Full Story
Elevated levels of copper found in drinking water of some homes in Richmond, Utah March 7, 2019- Elevated levels of copper were reported in the drinking water of three homes in Richmond, Utah, pushing city leaders to work with the state to come up with ways to bring it back down to safer levels. “We tested 20… Full Story
Baker Hughes: International rig count up 3 units in February March 7, 2019- The international rig count for February reached 1,027, up 3 units from the 1,024 counted in January, and up 48 units from the 979 counted in February 2018, according to Baker Hughes data. Continue Reading » Full Story
EIA: US crude inventories climb 7.1 million bbl March 7, 2019- US crude oil inventories for the week ended Mar. 1, excluding the Strategic Petroleum Reserve, increased 7.1 million bbl from the previous week, data from the US Energy Information Administration showed. At 452.9 million bbl, US crude oil inventories are… Full Story
Baker Hughes: US rig count down 9 units for the week March 1, 2019- The US drilling rig count is down 9 units to 1,038 rigs working for the week ended Mar. 1, according to Baker Hughes data. The count is up 57 units from the 981 rigs working this time a year ago.… Full Story
API releases an updated liquid pipeline integrity standard March 1, 2019- The American Petroleum Institute released the third edition of API Recommended Practice 1160, “Managing System Integrity for Hazardous Liquid Pipelines,” on Feb. 27. It said RP 1160 provides a process for establishing safe pipeline operations, including robust assessments of potential… Full Story
MARKET WATCH: NYMEX oil prices end February above $57/bbl March 1, 2019- Crude oil prices on futures markets in New York and London closed February on 3-month highs with the light, sweet crude oil contract for April settling above $57/bbl on Feb. 28 while the Brent April contract settled above $66/bbl. Analysts… Full Story
Council to authorize $8 million loan application to fight pipeline corrosion February 27, 2019- Wyoming's Casper City Council was asked to make a resolution authorizing an $8 million loan application at their work session. The proposed application would be submitted to the Wyoming State Loan and Investment Board to access $8 million from the… Full Story
EIA: US crude inventories down 8.6 million bbl February 27, 2019- US crude oil inventories for the week ended Feb. 22, excluding the Strategic Petroleum Reserve, decreased by 8.6 million bbl from the previous week, data from the US Energy Information Administration showed. At 445.9 million bbl, US crude oil inventories… Full Story
Canada’s NEB recommends approval of Trans-Mountain pipeline February 26, 2019- Canada’s National Energy Board recommended the approval of the Trans-Mountain Pipeline expansion project as it delivered its reconsideration report with 156 conditions and 16 new recommendations to the federal government on Feb. 22. NEB’s recommended approval came despite the board’s… Full Story
MARKET WATCH: Brent crude oil drops about $2/bbl, NYMEX about $1.80/bbl February 26, 2019- Brent crude oil prices fell more than $2/bbl on the London market and light, sweet crude oil prices fell about $1.80/bbl on the New York markets after US President Donald Trump said oil prices are getting too high. Continue Reading… Full Story
Lake Shore Drive bridge re-opens, but cracks point to other problems with area bridges February 21, 2019- A northbound Lake Shore Drive bridge reopened, just 26 hours after it was closed as a result of cracked steel beams. City officials say the bridge is again safe for drivers, and the city and state plan inspections in the… Full Story
Federal court upholds FERC’s approval of Mountain Valley gas line February 21, 2019- The US Appeals Court for the District of Columbia upheld the Federal Energy Regulatory Commission’s approval of the proposed Mountain Valley natural gas pipeline by denying several environmental groups’ petition for review of the decision. Continue Reading » Full Story
EIA: US crude inventories up 3.7 million bbl February 21, 2019- US crude oil inventories for the week ended Feb. 15, excluding the Strategic Petroleum Reserve, increased by 3.7 million bbl from the previous week, data from the US Energy Information Administration showed. At 454.5 million bbl, US crude oil inventories… Full Story
Montana federal judge’s latest order continues to block Keystone XL February 19, 2019- US District Judge Brian Morris issued a new ruling allowing TransCanada Corp. to build and use pipe storage and container yards for the proposed Keystone XL crude oil pipeline. But the Feb. 15 order reportedly continues to block construction of… Full Story
MARKET WATCH: Brent crude oil approached $67/bbl to start week February 19, 2019- Brent crude oil reached a high of $66.83/bbl on the London market Feb. 18 before falling to settle at $66.25/bbl while US markets were closed Feb. 18 for the Presidents’ Day holiday. Continue Reading » Full Story
API: US oil industry broke several records in January February 18, 2019- The US natural gas and oil industry broke several records in January, according to the latest Monthly Statistical Report from the American Petroleum Institute. US total petroleum demand, as measured by total domestic petroleum deliveries, was 20.7 million b/d in… Full Story
MARKET WATCH: Oil price benchmarks end week on 3-month high February 18, 2019- Benchmark crude oil prices rose on New York and London markets by more than $1/bbl Feb. 15 to 3-month-high settlements following the Organization of Petroleum Exporting Countries report that cartel production dropped in January from December 2018. Continue Reading » Full Story
Baker Hughes: US rig count gains 2 units to 1,051 February 15, 2019- The US drilling rig count is up 2 units to 1,051 rigs working for the week ended Feb. 15, according to Baker Hughes data. The count is also up 76 units from the 975 rigs working this time a year… Full Story
MARKET WATCH: Crude oil gains while US-China trade talks continue February 15, 2019- Light, sweet crude oil prices gained for a third consecutive trading session on the New York market Feb. 14, settling above $54/bbl. Meanwhile, the gap between Brent and US futures widened with Brent settling at about a $10/bbl premium above… Full Story
EIA: US crude inventories up 3.6 million bbl February 13, 2019- US crude oil inventories for the week ended Feb. 8, excluding the Strategic Petroleum Reserve, increased by 3.6 million bbl from the previous week, data from the US Energy Information Administration showed. Continue Reading » Full Story
MARKET WATCH: Crude oil benchmark prices recover on OPEC report February 13, 2019- Brent crude for April delivery rose by nearly $1/bbl on the London market Feb. 12 following a report that the Organization of Petroleum Exporting Countries reduced oil production in January by 797,000 b/d compared with December 2018. Continue Reading » Full Story
MARKET WATCH: Crude oil benchmarks declined for week ended Feb. 8 February 11, 2019- Crude oil benchmark prices rose modestly Feb. 8 with light, sweet crude oil for March delivery settling above $52.70/bbl and Brent settling above $62/bbl although both crude benchmarks declined for the week overall ended Feb. 8. US futures tumbled 4.6%… Full Story
Baker Hughes: US rig count climbs 4 units to 1,049 February 8, 2019- The US drilling rig count is up 4 units to 1,049 rigs working for the week ended Feb. 8, according to Baker Hughes data. The count is also up 74 units from the 975 rigs working this time a year… Full Story
MARKET WATCH: NYMEX crude oil price drops on global economic concerns February 8, 2019- Light, sweet crude oil prices fell to their lowest level in more than a week on the New York market Feb. 7 on what analysts called concerns about world economics that could slow oil demand. The Bank of England warned… Full Story
BLM reports record-breaking onshore oil, gas lease revenue in 2018 February 7, 2019- US Bureau of Land Management state offices generated more than $1.1 billion of revenue from onshore oil and gas lease sales during 2018, a record amount nearly triple the previous record of $408 million for the comparable period in 2008,… Full Story
MARKET WATCH: NYMEX crude oil price climbs on US inventory report February 7, 2019- Light, sweet crude oil prices settled higher for the first gain in three trading sessions on the New York market Feb. 6 after a government weekly inventory report showed a smaller-than-expected increase in US oil supplies. The US Energy Information… Full Story
Baker Hughes: US rig count falls 14 units to 1,045 February 1, 2019- The US drilling rig count is down 14 units to 1,045 rigs working for the week ended Feb. 1, according to Baker Hughes data. The count is up 99 units from the 946 rigs working this time a year ago.… Full Story
MARKET WATCH: NYMEX down slightly as Trump talks trade February 1, 2019- Light, sweet crude prices for March delivery fell slightly to settle just above $54/bbl on Jan. 31 with trade concerns again in the spotlight. In a session to sign an executive order that recommends federal money earmarked for infrastructure projects… Full Story
EIA: US crude inventories up 900,000 bbl January 30, 2019- US crude oil inventories for the week ended Jan. 25, excluding the Strategic Petroleum Reserve, increased by 900,000 bbl from the previous week, data from the US Energy Information Administration showed. At 445.9 million bbl, US crude oil inventories are… Full Story
MARKET WATCH: Crude oil benchmarks gain $1/bbl on international politics January 30, 2019- Benchmarks for light, sweet crude oil and Brent crude both jumped to settle more than $1/bbl higher on Jan. 29 after the US announced sanctions on Venezuela and as US-China talks were scheduled in Washington, DC, Jan. 30-31. New US… Full Story
EIA: US to become net energy exporter in 2020 January 28, 2019- The US will position itself as a net energy exporter in 2020 and will remain so throughout a projection period to 2050 resulting from large increases in production of crude oil, natural gas, and natural gas plant liquids (NGPL) coupled… Full Story
MARKET WATCH: NYMEX, Brent oil prices end week with gain January 28, 2019- Light, sweet crude oil prices rose on the New York market Jan. 25 as did Brent crude oil prices in London while analysts contemplated Venezeula’s geopolitics and its contribution to world oil markets given an ongoing presidential power struggle in… Full Story
Baker Hughes: US rig count climbs 9 units to 1,059 January 25, 2019- The US drilling rig count is up 9 units to 1,059 rigs working for the week ended Jan. 25, according to Baker Hughes data. The count is up 112 units from the 947 rigs working this time a year ago.… Full Story
MARKET WATCH: NYMEX oil prices gain on Venezuela politics January 25, 2019- Light, sweet crude oil prices gained on the New York market Jan. 24, which analysts attributed to geopolitics after US President Donald Trump recognized opposition leader Juan Guiado as interim president of Venezuela. Meanwhile, existing President Nicolas Maduro also claims… Full Story
TPI: Texas’ oil and gas recovery interrupted at yearend January 25, 2019- The Texas Petro Index declined in November and December 2018 on the heels of 23 straight months of growth, in response to dramatic declines in crude oil prices in the last 2 months of the year. Posted prices for West… Full Story
New tests show improvement in Flint water quality January 24, 2019- The latest testing shows the level of lead in Flint’s tap water has declined again. Flint’s drinking water has been closely tested since the height of the city’s water crisis. In early 2016, the highest risk homes, with lead service… Full Story
MARKET WATCH: Crude oil benchmarks decline on world economic concerns January 24, 2019- Light, sweet crude oil prices fell modestly on the New York market Jan. 23 as did Brent crude oil prices in London. Analysts attributed the drop to lingering concerns about slowing world economic-growth concerns, which could slow oil demand growth.… Full Story
EIA: US crude inventories up 8 million bbl January 24, 2019- US crude oil inventories for the week ended Jan. 18, excluding the Strategic Petroleum Reserve, increased by 8 million bbl from the previous week, data from the US Energy Information Administration showed. Continue Reading » Full Story
MARKET WATCH: Crude oil benchmarks end week with price drop January 14, 2019- The light, sweet crude oil price for February dropped $1/bbl on the New York market Jan 11 while Brent crude settled more than $1/bbl lower on London’s Intercontinental Exchange. Price declines by the benchmarks ended more than a week of… Full Story
Phillips 66, partners to develop ACE Pipeline system January 14, 2019- Phillips 66 Partners, Harvest Midstream Co., and PBF Logistics LP plan to jointly develop the ACE Pipeline system to provide crude oil transportation service from the market hub in St. James, La., to downstream refining destinations in Belle Chasse, Meraux,… Full Story
Baker Hughes: Canada gains 108 rigs for the week January 11, 2019- Canada has added 108 rigs for the week ended Jan. 11, according to Baker Hughes data. While the large jump puts the total number of rigs running at 184, the count is less than the 276 units drilling this week… Full Story
MARKET WATCH: Crude oil benchmarks continue gaining on production cuts January 11, 2019- The light, sweet crude oil price for February rose for a ninth consecutive day on Jan 10, settling above $52/bbl. That was a 4-week high on the New York futures market and the longest gain in 9 years, which analysts… Full Story
PA panel sees ‘statewide concern’ with pipeline corrosion after ME1 leak January 9, 2019- Investigators at the Public Utility Commission blamed corrosion for a leak of natural gas liquids from Sunoco’s Mariner East 1 pipeline in April 2017, and said they are concerned about the company’s corrosion-control program throughout the ageing statewide line. READ… Full Story
Baker Hughes: International rig count rises 34 units in December January 9, 2019- The international rig count for December reached 1,025, up 34 units from the 991 rigs counted in November and up 71 units from the 954 rigs counted in December 2017, according to Baker Hughes data. The international offshore rig count… Full Story
EIA: US crude inventories down 1.7 million bbl January 9, 2019- US crude oil inventories for the week ended Jan. 4, excluding the Strategic Petroleum Reserve, decreased by 1.7 million bbl from the previous week, data from the US Energy Information Administration showed. At 439.7 million bbl, US crude oil inventories… Full Story
Baker Hughes: US rig count falls 8 units to 1,075 January 4, 2019- The US rig count fell 8 units during the week ended Jan. 4 to reach 1,075 units working, according to Baker Hughes data. This count was up 151 units from the 924 units working in the US this week a… Full Story
Michigan’s new governor seeks review of pipeline replacement plans January 4, 2019- Michigan’s new governor, Democrat Gretchen Witmer, has asked Atty. Gen. Dana Nessel (D) for a legal opinion of recent legislation to replace Enbridge Inc.’s pipeline in the Mackinac Straits and the new Mackinac Straits Corridor Authority (MSCA) created by her… Full Story
MARKET WATCH: NYMEX, Brent crude prices settle higher for fourth straight session January 4, 2019- Both light, sweet crude oil on the New York market and Brent crude oil in London settled higher Jan. 3, marking the benchmarks’ fourth consecutive session of gains. The Wall Street Journal reported it was the longest streak of higher… Full Story
MARKET WATCH: NYMEX crude gains slightly on final trading day of 2018 January 2, 2019- Benchmark crude oil prices ended a volatile holiday trading period by settling modestly higher on the final trading day of 2018. Previously, both equities and oil prices have whipsawed with steep losses on some days and gains on other days.… Full Story
EIA: US crude inventories virtually unchanged January 2, 2019- US crude oil inventories for the week ended Dec. 21, excluding the Strategic Petroleum Reserve, remained virtually unchanged from the previous week, data from the US Energy Information Administration showed. EIA released the Weekly Petroleum Status Report 2 days later… Full Story
Carbon dioxide conversion and corrosion December 17, 2018- The community of scientists and engineers enamored with the conversion of CO2 to renewable synthetic fuels are for the most part, dedicated to the discovery, development, scaling, and stability of materials and reactors for facilitating these reactions, whether it be… Full Story
Corrosion issues of carbon capture, utilization, and storage December 14, 2018- When steels corrode under a high-pressure, high-temperature multiphase environment containing supercritical carbon dioxide, various gas impurities, salts, crude oil, and solid particles merit further investigation. READ MORE Full Story
Baker Hughes: Canada sees another double-digit drop in rigs December 14, 2018- Close on the heels of a 13-rig drop a week ago, Canada lost 12 rigs for the week ended Dec. 14, according to Baker Hughes data. With 174 rigs running, the count is below the 238 units drilling this week… Full Story
EIA: US crude inventories down 1.2 million bbl December 14, 2018- US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 1.2 million bbl for the week ended Dec. 7, according to data from the US Energy Information Administration. At 442 million bbl, US crude oil inventories are about 7%… Full Story
Corrosion issues of carbon capture, utilization, and storage December 6, 2018- When steels corrode under a high-pressure, high-temperature multiphase environment containing supercritical carbon dioxide, various gas impurities, salts, crude oil, and solid particles merit further investigation. READ MORE Full Story
MARKET WATCH: Brent crude settles below $62/bbl pending OPEC meeting outcome December 6, 2018- Light, sweet crude oil for January delivery fell modestly on the New York market to settle below $53/bbl while Brent for February and March fell to settle below $62/bbl Dec. 5 pending a meeting of OPEC in Vienna. Full Story
Baker Hughes: US, Canada weekly rig counts down November 30, 2018- The US drilling rig count is down 3 units to 1,076 rigs working for the week ended Nov. 30, according to Baker Hughes data. The count is up 147 units from the 929 rigs working this time a year ago.… Full Story
MARKET WATCH: NYMEX oil briefly slips below $50/bbl November 30, 2018- The light, sweet crude oil price for January delivery briefly slipped below $50/bbl during Nov. 29 trading, but it bounced to $51.45/bbl by closing, up $1.16. The day’s low was $49.53/bbl compared with the day’s high of $52.50/bbl. OPEC and… Full Story
EIA: US crude inventories up 3.6 million bbl November 28, 2018- US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.6 million bbl for the week ended Nov. 23, according to data from the US Energy Information Administration. At 450.5 million bbl, US crude oil inventories are about 7%… Full Story
Protecting tank farms from corrosion: 3 most important considerations November 27, 2018- With asset utilization critical and community and regulatory pressure always looming, it is essential that tank farm owners proactively prevent any loss of containment with reliable, cost-effective corrosion protection. This is crucial since atmospheric corrosion is one of the main… Full Story
MARKET WATCH: NYMEX crude settles above $51/bbl November 27, 2018- Oil prices moved upward Nov. 26 as the market looked to the upcoming Dec. 6 meeting of the Organization of Petroleum Exporting Countries in Vienna where it is expected that Saudi Arabia will propose production cuts of as much as… Full Story
Tank integrity studied at radioactive US waste storage site November 20, 2018- In the latest round of testing, investigators found that two tanks at the decommissioned Hanford nuclear production complex in Washington had spots showing significant thinning in a ring around the shell’s wall. READ MORE Full Story
Rolls-Royce admits yet more corrosion problems with its jet engines November 20, 2018- Rolls-Royce has warned of fresh problems affecting around 200 of its engines, further damaging the engineer’s reputation for reliability. The company has revealed that about one in 10 of its Trent 700 engines needs repairs because of corrosion to turbine… Full Story
API: US petroleum demand rebounded to 20.8 million b/d in October November 20, 2018- US petroleum demand, as measured by total domestic petroleum deliveries, was 20.8 million b/d in October, which was up by 3.3% from September and 3.9% compared with October 2017. This is according to the American Petroleum Institute’s latest monthly statistical… Full Story
MARKET WATCH: NYMEX oil prices holding under $57/bbl for December November 20, 2018- Light, sweet crude oil prices settled moderately higher Nov. 19 on the New York market but prices were falling in early trading Nov. 20 amid thin trading volumes with the approach of the US Thanksgiving holiday. Continue Reading » Full Story
Baker Hughes: US, Canada weekly rig counts up November 16, 2018- The US drilling rig count is up 1 unit to 1,082 rigs working for the week ended Nov. 16, according to Baker Hughes data. The count is up 167 units from the 915 rigs working this time a year ago.… Full Story
MARKET WATCH: NYMEX settles under $57/bbl, Brent under $67/bbl November 16, 2018- Light, sweet crude oil prices settled under $60/bbl for the fourth consecutive day on the New York market Nov. 15 while Brent settled under $70/bbl for a third consecutive day. The US Energy Information Administration said US crude oil inventories,… Full Story
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 » Full Story
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 » Full Story
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