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Baker Hughes: US drilling rig count gains 1 to 935 August 16, 2019 - The US drilling rig count gained a single unit to 935 rigs working during the week ended Aug. 16, Baker Hughes Inc. reported. The count is down 122 units year-over-year. Land-based rigs fell 2 units to 907 while rigs drilling… Full Story
Norwood leaders concealed ‘advanced metal corrosion,’ dead bird found in water tanks for five years August 16, 2019 - Officials with the city of Norwood, Ohio, knew for five years that its twin water tanks, standing mottled and rusty at the top of a hill, needed repairs. A consultant's inspection May 14, 2014, discovered a dead bird floating in… Full Story
MARKET WATCH: Brent price drops on slowing German, Chinese economics August 16, 2019 - Brent crude oil contracts for October and November dropped by more than $1/bbl for a second consecutive day on the London market Aug. 15 after slowing economic reports from Germany and China. The negative indicators caused oil investors to worry… Full Story
Baker Hughes: International rig count climbs 24 units in July August 13, 2019 - The international rig count for July reached 1,162, an increase of 24 units from June and up 165 units from July 2018, according to Baker Hughes. The international offshore rig count for July was 255, up 9 units from June… Full Story
MARKET WATCH: Brent for October settles under $60/bbl for four days straight August 13, 2019 - Brent crude oil prices rose slightly but held relatively flat on the London market Aug. 12, settling above $58/bbl for a second consecutive day. Light, sweet crude gained moderately in New York to settle under $55/bbl. Continue Reading » Full Story
Trump Delay Casts Doubt on First Big US Offshore Wind Farm August 12, 2019 - Trump Delay Casts Doubt on First Big U.S. Offshore Wind Farm Full Story
US Oil Drillers Cut Rigs for Sixth Week In A Row August 12, 2019 - U.S. oil drillers cut rigs for sixth week in a row -Baker Hughes Full Story
IEA: First-half global oil demand growth slowest since 2008 August 12, 2019 - World oil demand increased by just 520,000 b/d year-over-year during January-May—the slowest pace for this period since 2008, according to the International Energy Agency’s latest Oil Market Report. Continue Reading » Full Story
EIA: US crude oil inventories build, ending seven consecutive weekly declines August 8, 2019 - US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 2.4 million bbl for the week ended Aug. 2 compared with the previous week, the Energy Information Administration said. Continue Reading » Full Story
Cause of pipeline explosion still unknown, but experts say corrosion could be factor August 8, 2019 - Federal investigators have taken over the site of the natural gas pipeline explosion that killed one person and left five injured south of Danville, Kentucky. The blast ejected 30 feet of pipeline into the air, scorched railroad tracks and burned… Full Story
Corrosion at water treatment plant could cost Longview more than $500K August 7, 2019 - Less than seven years after the Mint Farm Regional Water Treatment Plant started serving Longview customers, city officials are finding unexpected corrosion that is expected to cost more than half a million to repair. READ MORE Full Story
The crisis lurking in Californians’ taps: How 1,000 water systems may be at risk August 6, 2019 - It was bath time and Rosalba Moralez heard a cry. She rushed to the bathroom and found her 7-year-old daughter, Alexxa, being doused with brown, putrid water. “We kept running the tub, we turned on the sink, we flushed the… Full Story
MARKET WATCH: Benchmarks fall amid growing US-China trade tensions August 6, 2019 - Light, sweet oil prices for September and October fell close to the $1 mark, again settling under $55/bbl on the New York market amid growing US-China trade tensions. Continue Reading » Full Story
US Drillers Cut Rigs for Fifth Week In A Row – Baker Hughes August 6, 2019 - U.S. oil drillers cut rigs for fifth week in a row -Baker Hughes Full Story
MARKET WATCH: NYMEX natural gas prices climb nearly 10¢ August 1, 2019 - Light, sweet crude oil prices on the New York market gained more than 50¢ to approach $58.60/bbl by the end of daily trading after a weekly government report showed US crude oil inventories fell sharply. Continue Reading » Full Story
DOE approves LNG exports from Mississippi terminal August 1, 2019 - The US Department of Energy’s Fossil Energy Office authorized exports of domestically produced LNG from Gulf LNG Liquefaction Co. LLC’s proposed terminal near Pascagoula, Miss. Continue Reading » Full Story
Baker Hughes: US drilling rig count down 8 units to 946 July 26, 2019 - The US drilling rig count dropped 8 units to 946 rigs working during the week ended July 26, Baker Hughes Inc. reported. The count is down from the 1,048 units drilling this time last year. Continue Reading » Full Story
MARKET WATCH: NYMEX crude rises on lower EIA inventory July 26, 2019 - Light, sweet crude oil prices for September rose moderately on the New York market closing above $56/bbl on July 25 while Brent crude oil also rose, settling at nearly $63.40/bbl. Continue Reading » Full Story
Wisconsin tribe sues Canada’s Enbridge to shut down crude oil pipeline July 25, 2019 - Wisconsin tribe sues Canada’s Enbridge to shut down crude oil pipeline Full Story
MARKET WATCH: NYMEX crude for September drops under $56/bbl July 25, 2019 - Light, sweet crude oil prices for September dropped by nearly 90¢ to settle under $56/bbl in New York July 24 while Brent for September in London fell 65¢ to settle just above $63/bbl, which analysts attributed largely to concerns about… Full Story
Study: Microbial corrosion led to California gas leak July 18, 2019 - An investigative report into the 2015 blowout of a natural gas well near Los Angeles, California, USA, cited corroded pipe casings, safety failures by a utility, and inadequate regulations as incident causes. READ MORE Full Story
Understanding localized corrosion of steel pipes July 18, 2019 - Localized corrosion can cause failures in steel pipes used in the oil and gas industry, but new research which advances understanding of nanoscale corrosion could lead to more robust steel pipes. The study of steel corrosion is challenging. While uniform… Full Story
MARKET WATCH: NYMEX oil prices drop on US-China comments July 18, 2019 - Geopolitics sways oil prices July 17 with the light, sweet crude oil contract for August settling moderately lower at $56.78/bbl on the New York market following US President Donald Trump’s threat of imposing more tariffs on China. Continue Reading » Full Story
MARKET WATCH: Benchmarks gain moderately to end volatile week July 8, 2019 - Crude oil benchmark prices gained moderately on New York and London markets July 5 with the light, sweet contract for September closing at $57.59/bbl and the Brent contract for September closing above $64/bbl. Continue Reading » Full Story
API issues updated refinery fire prevention recommended practice July 8, 2019 - The American Petroleum Institute published an updated standard aimed at preventing fires and improving safety at US refineries. Continue Reading » Full Story
Baker Hughes: US rig count unchanged at 967 June 28, 2019 - The US rig count was unchanged for the week ended June 28, according to Baker Hughes data. With 967 rigs working, the count is 80 units lower than the 1,047 rigs drilling this week a year ago. Continue Reading » Full Story
Sustained North Texas Growth June 24, 2019 - The sustained North Texas growth continues to support increases in valuable infrastructure. If the task is new construction in an out of the way area of North Texas intended to increase commerce and information exchange, ELK is there. Where? Just… Full Story
Formal investigations begin into Philadelphia refinery blast June 24, 2019 - Different agencies began formal investigations on June 24 into the cause and origin of an explosion and ensuring fire that broke out early June 21 at Philadelphia Energy Solutions’ combined 335,000-b/d refining complex in Philadelphia. Continue Reading » Full Story
MARKET: Brent for August tops $62/bbl June 17, 2019 - Brent oil prices rose moderately on the London market June 14 with the August contract closing slightly above $62/bbl while light, sweet crude prices in New York held fairly flat, again settling above $52/bbl. Continue Reading » Full Story
North Texas Continues Infrastructure Growth … June 17, 2019 - Airport expansion is a key indicator of growth and is exemplified by the number of newly constructed multi-million square foot capacity warehouses at DFW Airport, and ELK is there ... Full Story
EIA: US crude inventories up 2.2 million bbl June 12, 2019 - US crude oil inventories for the week ended June 7, excluding the Strategic Petroleum Reserve, increased 2.2 million bbl from the previous week, according to data from the US Energy Information Administration. Separately, the American Petroleum Institute said its own… Full Story
North Texas Continues Infrastructure Growth June 12, 2019 - The sustained North Texas growth continues to support increases in valuable infrastructure. If the growth is related to expansion and improvement of existing infrastructure to support new technology development and information exchange, ELK is there... Full Story
NJ DEP rejects land use permit applications for pipeline June 6, 2019 - New Jersey’s Department of Environmental Protection rejected three land use permit applications for Transcontinental Gas Pipeline Co.’s (Transco) proposed interstate natural gas pipeline across the state on June 5. It also kept the door open for the Williams Cos. subsidiary… Full Story
ELK Celebrates 25 Years of Professional Engineering Services 1994-2019 June 6, 2019 - A SALUTE TO ALL OF OUR CLIENTS OVER THE PAST 25 YEARS...  A & G Piping, Inc. Austin Commercial C. W. ROSS CONSTRUCTION 7 STAR FOOD MART Automation Control Company, Inc. Cajun Constructors, Inc. A & G Piping, Inc. Avanti… Full Story
U.S. drillers cut oil rigs for sixth straight month-Baker Hughes June 5, 2019 - U.S. energy firms last week increased the number of oil rigs operating for the first time in four weeks but cut the rig count for the sixth straight month as most drillers cut spending plans.Companies added three oil rigs in… Full Story
Minnesota court rules environmental assessment for Enbridge pipeline inadequate June 5, 2019 - Minnesota court rules environmental assessment for Enbridge pipeline inadequate Full Story
MARKET: Brent for August rises to approach $62/bbl June 5, 2019 - Light, sweet oil for July climbed modestly on the New York market to settle above $53/bbl June 4 while the Brent contract for August also gained to settle at nearly $62/bbl in London. Oil prices, along with other stocks and… Full Story
Baker Hughes: US rig count down 1 unit to 984 May 31, 2019 - The US drilling rig count gained a single rig to reach 984 rigs working for the week ended May 31, according to Baker Hughes data. The count is down 76 units from the 1,060 rigs working this time a year… Full Story
EPA issues temporary emergency fuel waivers May 31, 2019 - The US Environmental Protection Agency issued emergency fuel waivers for Allegheny County, Pa., to ensure that fuel supplies remain adequate following damage to a pipeline that supplies the area. Continue Reading » Full Story
Baker Hughes: Canada adds 15 rigs for the week May 24, 2019 - Canada has added 15 rigs for the week ended May 24, according to Baker Hughes data. With 78 rigs running, the count is slightly less than the 81 units drilling this week a year ago. The number of oil-directed rigs… Full Story
MARKET WATCH: Oil prices tumble after US-China news May 24, 2019 - Light, sweet crude oil contracts for July and August plunged by more than $3.50/bbl on May 23, marking the sharpest single-session drop since Dec. 24, 2018, and the lowest settlement since Mar. 12. Brent crude oil prices also fell more… Full Story
Baker Hughes: US rig count down 1 unit to 987 May 17, 2019 - The US drilling rig count was down a single unit to 987 the week ended May 17, according to Baker Hughes data. The count is down 59 units from this time a year ago when the count stood at 1,046.… Full Story
API: US petroleum markets remained solid in April May 17, 2019 - US petroleum markets turned in a solid overall performance in April, according to the latest Monthly Statistical Report from the American Petroleum Institute. Crude oil production sustained a record-tying 12.1 million b/d while total petroleum demand was the highest for… Full Story
MARKET WATCH: Oil benchmarks gain for third session May 17, 2019 - Crude oil benchmarks gained on markets in New York and London for a third consecutive trading session May 16 with light, sweet crude marking its biggest single-session gain in 3 weeks as the June contract closed above $62.80/bbl and the… Full Story
Newark to begin corrosion control treatment to address lead in Bloomfield’s water system May 14, 2019 - The City of Newark, New Jersey implements new water treatment operations at the Valley Road Treatment Plant in Montclair. This represents a major commitment and capital infrastructure investment by the City of Newark to reduce lead levels throughout their water… Full Story
US rig count, down 2 units, stays below 1,000 for third week May 14, 2019 - The US drilling rig count fell 2 units to reach 988 rigs working for the week ended May 10—the third straight week below 1,000, according to Baker Hughes data. The count is down 57 units from the 1,045 rigs working… Full Story
MARKET WATCH: Oil prices fall awaiting Persian Gulf news May 14, 2019 - Light, sweet crude oil prices closed just above $61/bbl on the New York market May 13 while Brent prices hovered around $70/bbl in London awaiting more details on repeated attacks within days to Saudi Arabian oil tankers and other vessels… Full Story
Baker Hughes: International rig count climbs 23 units in April May 7, 2019 - The international rig count for April reached 1,062, up 23 units from 1,039 in March and up 84 units from 978 in April 2018, according to Baker Hughes data. The international offshore rig count for April was 251, up 4… Full Story
TransCanada will become TC Energy May 6, 2019 - TransCanada Corp. shareholders, representing 99.55% of votes cast, have approved a special resolution authorizing the company to amend its articles to change its name to TC Energy Corp. Continue Reading » Full Story
Facility Grounding and Lightning Protection Design May 3, 2019 - Read more: http://www.elkeng.com/electrical-engineering/                   Full Story
Baker Hughes: US rig count remains below 1,000 units May 3, 2019 - The US drilling rig count fell 1 unit, remaining below 1,000, reaching 990 rigs working for the week ended May 3, according to Baker Hughes data. The count is down 42 units from the 1,032 rigs working this time a… Full Story
EIA: US crude inventories up 9.9 million bbl May 1, 2019 - US crude oil inventories for the week ended Apr. 26, excluding the Strategic Petroleum Reserve, increased by 9.9 million bbl from the previous week, according to data from the US Energy Information Administration. Continue Reading » Full Story
Audrain County gas pipe rupture caused by corrosion: Report April 30, 2019 - Energy Transfer Partners, the owner of the natural gas pipeline that ruptured last month in Audrain County, Missouri, has filed an incident report this month with the Pipeline and Hazardous Materials Safety Administration. READ MORE Full Story
MARKET WATCH: NYMEX crude price rises, Brent crude oil prices drop April 30, 2019 - Light, sweet crude oil for June delivery gained modestly to settle around $63.50/bbl on the New York market Apr. 29 while the Brent contract for June fell 11¢ to $72.04/bbl on the London market. The modest gain in the US… Full Story
Storage tank enforcement: Tennessee department of environment and conservation order and assessment addressing Jackson, Tennessee facility April 29, 2019 - The Tennessee Department of Environment and Conservation (“TDEC”) issued an April 8 Order and Assessment (“Order”) to Sunrise Oil, LLC, (“Sunrise”) for alleged violations of certain underground storage tank regulations. See Case No. UST 19-0022. READ MORE Full Story
#SAMEJETC19 Starts May 7 in Tampa April 29, 2019 - More than 1,800 attendees from the military, public, private and academic sectors will descend on Tampa, Fla., May 7-9, for the 2019 Joint Engineer Training Conference. Offering three days of education, training, and networking opportunities, JETC is the premier forum for… Full Story
MARKET WATCH: NYMEX, Brent crude oil prices dropped about $2/bbl April 29, 2019 - Light, sweet crude oil for June and July each dropped about $1.90/bbl to settle under $64/bbl on the New York market Apr. 25 while Brent prices fell by about $2/bbl for June and July contracts to settle under $73/bbl on… Full Story
Vapor corrosion inhibitors for tank bottom corrosion control April 24, 2019 - A study was recently conducted to determine the viability of vapor corrosion inhibitor (VCI) technology in mitigating corrosion. Overall, VCIs were found to be effective in mitigating corrosion when recommended dosages are used, and they could also be used in… Full Story
Gasoline prices could jump as Iranian oil waivers end April 24, 2019 - With average gas prices up nationwide and prices breaking past $4 a gallon in California, Houston drivers got relatively lucky as gasoline prices barely budged this week. Yet U.S. policy changes on Iranian oil sanctions and tighter gasoline supplies could…… Full Story
MARKET WATCH: NYMEX crude oil for June, July settles above $66/bbl April 24, 2019 - Light, sweet crude oil for both June and July contracts rose to settle above $66/bbl on the New York market Apr. 23 while Brent for June delivery rose to settle above $74/bbl for a second day on the London market.… Full Story
US to end sanctions waivers for major Iranian oil importers April 23, 2019 - The White House confirmed on Monday morning that it will end all waivers from Iran sanctions when they expire on May 2. When the US reimposed sanctions in November, 6-month waivers were granted to China, India, Japan, South Korea, Taiwan,… Full Story
Surface inhibitors preserve reinforced steel concrete structures April 23, 2019 - Surface-applied corrosion inhibitors, which penetrate the concrete and form a protective film on the steel rebar, have successfully reduced the rebar corrosion rate and extended the service life of many types of reinforced concrete structures. READ MORE Full Story
Canada delays Trans Mountain decision April 23, 2019 - The Canadian government has delayed until June 18 its decision on the contested expansion of the Trans Mountain crude oil and products pipeline between Alberta and British Columbia. Continue Reading » Full Story
EIA: US shale production to reach 8.46 million b/d in May April 17, 2019 - The US Energy Information Administration forecasts crude oil production from seven major shale formations will climb 80,000 b/d in May to a record 8.46 million b/d, EIA said in its Monthly Drilling Productivity Report. Continue Reading » Full Story
MARKET WATCH: Brent crude prices approaching $72/bbl April 17, 2019 - Brent crude oil prices on the London market gained more than 50¢ to settle at $71.72/bbl on Apr. 16 and continued rising Apr. 17 in early trading on concerns about tightening world oil supplies. Crude oil supplies have declined this… Full Story
MARKET WATCH: NYMEX crude for May ends week approaching $64/bbl April 16, 2019 - Light, sweet crude oil prices gained moderately on Apr. 12 to settle at nearly $63.90/bbl for the May contract while Brent for June gained on the London market to settle above $71/bbl. US natural gas futures prices edged down on… Full Story
US Senate confirms Bernhardt’s nomination as Interior secretary April 12, 2019 - The US Senate confirmed David L. Bernhardt’s nomination to be secretary of the Interior in a bipartisan 56-41 vote. Bernhardt, who has been both acting and deputy Interior secretary, answered environmental and other groups’ assertions that he would cater to… Full Story
MARKET WATCH: NYMEX crude drops more than $1/bbl as US crude stockpiles build April 12, 2019 - Light, sweet crude oil prices fell just over $1/bbl on the New York market and Brent crude oil prices fell almost as much in London as US crude stockpiles reach high levels not seen in almost 17 months. US crude… Full Story
Preventing internal corrosion in oil and gas field pipelines April 11, 2019 - Preventing the internal corrosion of crude oil, natural gas, and water injection pipelines involves numerous steps, which operators should follow to ensure the integrity of oil and gas field pipelines that are essential for uninterrupted production. READ MORE Full Story
EIA: US crude inventories up by 7 million bbl April 11, 2019 - US crude oil inventories for the week ended Apr. 5, excluding the Strategic Petroleum Reserve, increased by 7 million bbl from the previous week, data from the US Energy Information Administration showed. Continue Reading » Full Story
MARKET WATCH: Oil prices rise as data shows large US gasoline inventory drawdown April 11, 2019 - US light, sweet crude oil prices were up Apr. 10 on the New York market, with both the May and June contracts settling above $64/bbl following a steep drop in gasoline stocks as reported by the US Energy Information Administration.… Full Story
MARKET WATCH: Brent crude holds above $70/bbl on Libya supply uncertainty April 10, 2019 - US light, sweet crude oil prices declined moderately Apr. 9 on the New York market, but the May and June contracts still settled above $63/bbl. Brent crude oil for June also dropped modestly in London but again settled above $70/bbl… Full Story
EIA revises up oil price forecasts for 2019 April 9, 2019 - Due to a slightly tighter global oil market, the US Energy Information Administration, in its latest Short-Term Energy outlook, forecasts Brent spot prices to average $65/bbl in 2019, up $2/bbl from last month’s STEO forecast, and $62/bbl in 2020. These… Full Story
MARKET WATCH: Crude oil prices approach 5-month highs April 9, 2019 - US light, sweet crude oil future prices for May and June rose by more than $1/bbl Apr. 8 on the New York market with Brent crude for June delivery closing in London above $71/bbl on Apr. 9. Analysts said oil… Full Story
US House Democrats want pipeline safety mandates implemented sooner April 8, 2019 - US House Democrats have called for speedier implementation of mandates in the 2011 and 2016 reauthorizations of the federal oil and gas and hazardous materials pipeline safety law. “It’s simply unacceptable that safety-critical rules passed by Congress 8 years ago… Full Story
MARKET WATCH: Brent settles above $70/bbl, propped up by Libyan unrest April 8, 2019 - US light, sweet crude oil future prices for the week ended Apr. 5 closed above $63/bbl on the New York market while Brent crude oil for June delivery settled above $70/bbl in London that day. With this latest settlement, Brent… Full Story
Baker Hughes: US rig count up 19 units to 1,025 April 5, 2019 - The US drilling rig count climbed 19 units to reach 1,025 rigs working for the week ended Apr. 5, according to Baker Hughes data. The count is up 22 units from the 1,003 rigs working this time a year ago.… Full Story
Baker Hughes: International rig count climbs 12 units in March April 5, 2019 - The international rig count for March reached 1,039, up 12 units from 1,027 in February and up 67 units from 972 in March 2018, according to Baker Hughes data. The international offshore rig count for March was 247, down 3… Full Story
MARKET WATCH: US jobs report supports NYMEX crude oil prices April 5, 2019 - Light, sweet crude oil prices fell slightly on the New York market Apr. 4 to settle above $62/bbl but rose in early trading Apr. 5 after the US Department of Labor reported the US economy added 196,000 jobs in March.… Full Story
EIA: US crude inventories up by 7.2 million bbl April 3, 2019 - US crude oil inventories for the week ended Mar. 29, excluding the Strategic Petroleum Reserve, jumped 7.2 million bbl from the previous week, data from the US Energy Information Administration showed. At 449.5 million bbl, US crude oil inventories are… Full Story
MARKET WATCH: NYMEX oil price gains on strong US, China manufacturing reports April 3, 2019 - Light, sweet crude oil prices on the New York market gained on Apr. 1 to settle more than $1/bbl higher with both May and June contracts closing above $61/bbl. Brent prices in London also rose by more than $1/bbl for… Full Story
API releases an updated liquid pipeline integrity standard April 2, 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
Trump issues updated presidential permit for Keystone XL pipeline April 2, 2019 - President Donald J. Trump issued an updated presidential permit for the proposed Keystone XL crude oil pipeline on Mar. 29. The move was seen as an attempt to jump-start the project’s construction after a federal judge in Montana blocked it… Full Story
MARKET WATCH: NYMEX oil price ends week back above $60/bbl April 2, 2019 - Light, sweet crude oil prices on the New York market increased to end the week of Mar. 29 with a settlement back above $60/bbl after Reuters reported Russia was growing uneasy with existing production cut levels. Continue Reading » Full Story
New laser cleans up corrosion March 26, 2019 - A purple and blue light glows and a buzzing sound, like that of a sci-fi laser, emits as UV rays and rust react. Dust particles fall from the metal, only to be vacuumed up before hitting the floor. But this… Full Story
Monitoring copper corrosion inhibitors in cooling water systems online March 26, 2019 - Copper and its alloys are often utilized for their superior heat transfer properties to maintain industrial cooling water systems. While useful for this purpose, these materials are often susceptible to corrosion which can lead to failure of the equipment and… Full Story
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