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EIA: US crude inventories up 3.6 million bbl June 27, 2024 - US crude oil inventories for the week ended June 21 increased by 3.6 million bbl from the previous week, according to data from the US EIA. Read More Full Story
U.S. Energy Production Exceeds Consumption by Widest-Recorded Margin June 27, 2024 - U.S. energy production overshadowed consumption by 9 quadrillion British thermal units (quads) in 2023, according to an analysis released by the U.S. Energy Information Administration (EIA) on Wednesday that showed the widest margin in records dating back to 1949. Energy… Full Story
U.S. Restricts Drilling and Mining in Alaska Wilderness, Angering State Leaders April 21, 2024 - The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources. The measures are aligned… Full Story
TC Energy gets FERC approval for Northwest Xpress gas pipeline expansion April 21, 2024 - TC Energy Inc. has received US FERC authorization to begin work on its 150-MMcfd Gas Transmission Northwest (GTN) Xpress expansion project. Read More Full Story
US Natgas Flows Rise to Texas Freeport and Other LNG Export Plants, LSEG Data Shows April 21, 2024 - The amount of natural gas flowing to the seven U.S. liquefied natural gas (LNG) export plants, including Freeport LNG, was on track to jump by around 17% on Thursday from a 15-month low on Tuesday, data from financial firm LSEG… Full Story
U.S. Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes March 25, 2024 - U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The combined oil and gas rig count,… Full Story
EIA: US crude inventories up 5.5 million bbl March 12, 2024 - US crude oil inventories for the week ended Feb. 2, excluding the Strategic Petroleum Reserve, increased by 5.5 million bbl from the previous week, according to data from the US Energy Information Administration. Read More Full Story
U.S. Drillers Cut Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes March 12, 2024 - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The… Full Story
Retro-Fill Solution February 16, 2024 - ELK is pleased to announce the recent approval by a major electrical provider in South Texas for the exclusive use of Retro-Fill, the proprietary system developed by ELK Engineering. This system provides for the efficient, more environmentally friendly and economical… Full Story
EIA: US crude inventories up 5.5 million bbl February 16, 2024 - US crude oil inventories for the week ended Feb. 2, excluding the Strategic Petroleum Reserve, increased by 5.5 million bbl from the previous week, according to data from the US Energy Information Administration. Read More Full Story
North American rig count up 4 as US natural gas drillers add rigs February 16, 2024 - US drilling activity increased by 4 units to 623 rotary rigs working this week, down from 761 the same period a year ago, officials at Baker Hughes Inc. reported Friday. Read More Full Story
Retro-Fill January 8, 2024 - ELK is pleased to announce the recent approval by a major electrical provider in South Texas for the exclusive use of Retro-Fill, the proprietary system developed by ELK Engineering. This system provides for the efficient, more environmentally friendly and economical… Full Story
DFW Airport, 50th Year of Operation January 5, 2024 - Congratulations to DFW Airport on their 50th Anniversary Year of Operation! In February of 1999, ELK Engineering had its first opportunity to provide inspection services for the installation of a cathodic protection groundbed at the International Cargo Terminal. Over the… Full Story
ELK Announces Retro-Fill September 21, 2023 - Following years of development ELK Engineering introduces Retro-Fill. Retro-Fill is a proprietary method developed to allow the safe and environmentally friendly re-use of a previously installed deep or semi-deep groundbed installation. Reduces the type and amount of equipment needed, Eliminates… Full Story
Rig counts slip in US, jump in Canada July 19, 2023 - The weekly rotary rig count decreased by 5 in the US and rose by 12 in Canada, said Baker Hughes. Rig counts slip in US, jump in Canada Full Story
EIA: US crude inventories up 5.9 million bbl July 19, 2023 - US crude oil inventories for the week ended July 7, excluding the Strategic Petroleum Reserve, increased by 5.9 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 5.9 million… Full Story
VIDEO: Analysis of Lake Charles lightning-related tank fire – June 2023 July 5, 2023 - Lightning Electrotechnologies analyzed a video which seems to show the lightning strike that caused a June 3, 2023, tank fire at Calcasieu Refining's tank farm in Lake Charles, La. The tank contained naphtha. VIDEO: Analysis of Lake Charles lightning-related tank… Full Story
US drillers cut oil and gas rigs for ninth week in a row -Baker Hughes July 5, 2023 - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a ninth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed… Full Story
Renewables Growth Did Not Dent Fossil Fuel Dominance in 2022 June 27, 2023 - Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday. Renewables Growth… Full Story
SM Energy hikes 2023 production guidance on South Texas gains June 27, 2023 - The company also has signed a deal for nearly 23,000 Texas acres and will add a rig in October. SM Energy hikes 2023 production guidance on South Texas gains Full Story
EIA: US crude inventories up 1.1 million bbl March 23, 2023 - US crude oil inventories for the week ended Mar. 17, excluding the Strategic Petroleum Reserve, increased by 1.1 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 1.1 million… Full Story
Texas Oil and Natural Gas Industry Sees Continued Jobs Growth March 23, 2023 - The Texas oil and natural gas industry continues to see significant jobs growth, according to the U.S. Bureau of Labor Statistics. State workforce data also points to a strong demand for a talented workforce in the industry. January 2023 revised… Full Story
U.S. drillers add the most gas rigs in a week since December 2018 March 20, 2023 - U.S. energy firms this week added the most natural gas rigs in a week in over four years, leading to a rise in the combined oil and gas rig count for the first time in five weeks, energy services firm… Full Story
ExxonMobil commissions Beaumont refinery expansion March 20, 2023 - ExxonMobil Corp. has started up its long-planned project to expand light crude oil processing capacity by 250,000 b/d at ExxonMobil Product Solutions Co.’s integrated refining and petrochemicals complex along the US Gulf Coast in Beaumont, Tex. ExxonMobil commissions Beaumont refinery… Full Story
Applied Corrosion Technology Incorporated (ACTi) February 21, 2023 - Applied Corrosion Technology Incorporated (ACTi) is a Majority Woman Owned (MWO) Texas Corporation engaged in the business of providing corrosion technology services. Among many corrosion control related services ACTi brings over 20 years of experience related to the installation and… Full Story
EIA: US crude inventories up 16.3 million bbl February 20, 2023 - US crude oil inventories for the week ended Feb. 10, excluding the Strategic Petroleum Reserve, increased by 16.3 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 16.3 million… Full Story
Baker Hughes: US, Canada rig counts drop slightly February 20, 2023 - The US dropped a rig for the week ended Feb. 17, according to Baker Hughes data. The decrease puts the total number of rigs running at 760, still 115 more than the 645 units drilling this week a year ago.… Full Story
U.S. to Sell 26 Million Barrels of Strategic Reserve Oil Mandated by Congress February 14, 2023 - The Biden administration said on Monday it is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had been mandated by Congress in previous years. The sale will likely temporarily push the reserve below… Full Story
U.S. Oil & Gas Rig Count Falls by the Most in a Week Since June 2020 – Baker Hughes February 9, 2023 - U.S. energy firms this week cut the number of oil and natural gas rigs by the most since June 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count,… Full Story
The World’s Largest Carbon Capture Plant Gets a Second Chance in Texas February 9, 2023 - Owners of the world’s largest carbon capture facility plan to restore operations at the $1 billion plant three years after it shut down, providing a test case for a nascent industry that experts believe is essential in achieving climate goals.JX… Full Story
Oil Production Picking up in Second-Largest U.S. Shale Field January 18, 2023 - NEW YORK, Jan 18 (Reuters) – Oil production in South Texas, home of the second largest U.S. shale field, is expected to rise as much as 4% this year, as higher prices spur more drilling and as U.S. crude exports… Full Story
Canada rig count posts another double-digit increase January 18, 2023 - The rig count in Canada ended the week with an additional 38 rigs running—a consecutive double-digit increase. For the week ended Jan. 13, the rig count in Canada stood at 227, according to Baker Hughes data. Canada rig count posts… Full Story
EIA: US crude inventories up 19 million bbl January 12, 2023 - US crude oil inventories for the week ended Jan. 6, excluding the Strategic Petroleum Reserve, increased by 19 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 19 million… Full Story
Cancelling Keystone XL Cost Thousands of Jobs and Billions in GDP: U.S. Government Report January 12, 2023 - There is no doubt that Keystone XL’s cancellation was a massive gut punch to Canada and its oil and gas industry. Now the analysis is out showing the impact it had on the United States. Just a sliver over two… Full Story
A logical solution to corrosion January 12, 2023 - The stakes of corrosion in the oil and gas industry can be astronomical, ranging from high maintenance and repair costs, to downtime and profit loss, to safety hazards from oil and gas leaks. The simple culprit — metal reacting with… Full Story
TC Energy sends ruptured Keystone pipeline segment for testing after regulator order December 30, 2022 - TC Energy (TRP.TO) said on Wednesday that it had safely removed the ruptured segment of Keystone pipeline that caused an oil spill earlier this month and sent it for metallurgical testing as directed by U.S. regulators. TC Energy Corp had submitted its… Full Story
Last Week: U.S. Drillers Add Oil and Gas Rigs for First Time in Four Weeks December 30, 2022 - U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes Co said in its closely-followed report last Thursday. The oil and gas rig count, an early indicator… Full Story
TC Energy Restarts Part of Keystone Oil Pipeline After Spill December 15, 2022 - TC Energy Corp. restarted a segment of its Keystone oil pipeline after one of the worst onshore crude oil spills in the US since 2010.A section of the line unaffected by the incident, which extends from Hardisty, Alberta, to Wood… Full Story
Shop Coating vs. Field Coating: Pros and Cons December 15, 2022 - This article from Charles S. Brown of Greenman-Pedersen, Inc. (GPI) explores key differences between shop coating and field painting, as well as the pros and cons of shop-applied coatings vs. field-applied coatings on new steel. Read More Full Story
EIA: US crude inventories up 10.2 million bbl December 15, 2022 - US crude oil inventories for the week ended Dec. 9, excluding the Strategic Petroleum Reserve, increased by 10.2 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 10.2 million… Full Story
U.S. Oil & Gas Rig Count Falls for First Time in Six Weeks December 12, 2022 - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks as oil prices fell to their lowest this year. The U.S. oil and gas rig count, an early… Full Story
TC Energy Says No Timeline Yet for Restart of Keystone Pipeline December 12, 2022 - TC Energy Corp. is continuing recovery efforts at its shuttered Keystone oil pipeline and hasn’t yet set a date to restart operations. The product is contained and repair planning is underway, TC Energy said in a statement Sunday. The company is also… Full Story
U.S. drillers add oil and gas rigs for second month in a row – Baker Hughes November 30, 2022 - The oil and gas rig count, an early indicator of future output, rose two to 784 in the shortened week to Nov. 23, its highest since March 2020, energy services firm Baker Hughes Co said in its closely followed report… Full Story
API Updates Safety Standard for Pipeline Public Awareness Programs November 30, 2022 - The American Petroleum Institute (API) released an updated standard for pipeline public awareness programs, which help protect buried utilities, local communities and the people who live and work near pipeline rights of way. Recommended Practice (RP) 1162, Public Awareness Programs… Full Story
US rig activity jumps as Canada’s slows November 11, 2022 - Drilling activity in the US jumped by 9 rotary rigs—all oil-directed—to 779 working the week ended Nov. 10, Baker Hughes reported, while the number of rigs working in Canada dropped 9 to 200. US rig activity jumps as Canada's slows Full Story
EIA: US crude inventories down 3.1 million bbl November 4, 2022 - US crude oil inventories for the week ended Oct. 28, excluding the Strategic Petroleum Reserve, decreased by 3.1 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories down 3.1 million… Full Story
K-State nuclear reactor shut down because of unidentified corrosion November 4, 2022 - The 60-year-old nuclear reactor at Kansas State University is shut down. The reason? Unidentified crud. That’s not just vague slang. It’s the technical term scientists at K-State are using to describe the problem. CRUD stands for “corrosion resembling unidentified deposits.”… Full Story
Career Opportunity October 20, 2022 - ELK Engineering is currently accepting applications for qualified individuals in the field of Corrosion control. Interested persons should visit the "Careers" page of this website for details. Full Story
EIA: US crude up 9.9 million bbl October 14, 2022 - US crude oil inventories for the week ended Oct. 7, excluding the Strategic Petroleum Reserve, increased by 9.9 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude up 9.9 million bbl Full Story
Multilayered coating aims to improve corrosion resistance of steel September 23, 2022 - Materials Performance The proposed multilayer coating system comprises three layers fabricated using physical vapor deposition, with a Zn–Mg layer sandwiched between two zinc layers. Galvanizing steel with zinc increases its corrosion resistance, making it a sustainable and economical choice to… Full Story
U.S. drillers add oil & gas rigs for first time in three weeks – Baker Hughes September 23, 2022 - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks as relatively high crude prices encouraged some firms to drill more, mainly in the Permian Basin. The oil and gas rig count,… Full Story
EIA: US crude inventories up 2.4 million bbl September 15, 2022 - US crude oil inventories for the week ended Sept. 9, excluding the Strategic Petroleum Reserve, increased by 2.4 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 2.4 million… Full Story
BOEM reinstates Gulf of Mexico Lease Sale 257 bids September 15, 2022 - In compliance with congressional direction in the Inflation Reduction Act, the BOEM has accepted 307 highest valid bids from Lease Sale 257 in the Gulf of Mexico, totaling nearly $190 million. BOEM reinstates Gulf of Mexico Lease Sale 257 bids Full Story
Soil corrosivity investigation via physical and chemical composition September 15, 2022 - In this work, soil corrosivity of the central desert of Iran was investigated by analyzing the physical-chemical characteristics of soils, weight loss testing, and electrochemical measurements. READ MORE Full Story
EIA: US crude inventories up 8.8 million bbl September 9, 2022 - US crude oil inventories for the week ended Sept. 26, excluding the Strategic Petroleum Reserve, increased by 8.8 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 8.8 million… Full Story
Pittsburgh bridge showed ‘major decay’ months before collapse September 9, 2022 - The Pennsylvania Department of Transportation released an inspection report completed on the Fern Hollow Bridge four months before its collapse, which appeared to show major structural decay. READ MORE Full Story
Wisconsin judge allows Enbridge Line 5 oil pipeline to continue to operate – must relocate around tribal land September 9, 2022 - A Wisconsin judge has ruled Enbridge Inc’s Line 5 oil pipeline is trespassing on land belonging to the Bad River Band, but will be allowed to continue operating because a shutdown would have significant public and foreign policy implications. The… Full Story
U.S. oil & gas rig count falls for first time in 25 months -Baker Hughes August 30, 2022 - Aug 26 (Reuters) – Energy firms this week increased the number of U.S. oil and gas rigs but cut the count in August for the first time in 25 months, even as oil prices remain relatively high. The oil and… Full Story
Energy Transfer signs LNG deal with Shell August 30, 2022 - Energy Transfer LP has executed a 20-year agreement to supply Shell NA LNG LLC with LNG from Energy Transfer LNG Export LLC’s Lake Charles liquefaction plant in Louisiana. Energy Transfer signs LNG deal with Shell Full Story
U.S. Set to Ship Record Crude Into 2023 as Energy Crisis Deepens August 30, 2022 - Aug 24, 2022 (Bloomberg) US crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe. Earlier this month, weekly government figures showed an unprecedented 5 million barrels a day of… Full Story
US rig count down 1, Canada rig count down 2 August 12, 2022 - US drilling activity decreased slightly for the week ended Aug. 12, Baker Hughes reported. With a 1-rig decrease, 763 rigs were working in the US, an increase of 262 from this time a year ago. US rig count down 1,… Full Story
IEA raises oil demand growth forecasts by 380,000 b/d August 12, 2022 - In its August issue Oil Market Report, the International Energy Agency raised its estimates for 2022 global demand growth by 380,000 b/d, to 2.1 million b/d, as soaring oil use for power generation and gas-to-oil switching are boosting demand. IEA… Full Story
EIA: US crude inventories up 4.5 million bbl August 4, 2022 - US crude oil inventories for the week ended July 29, excluding the Strategic Petroleum Reserve, increased by 4.5 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 4.5 million… Full Story
Corrosion demystified August 4, 2022 - Corrosion is, without a doubt, the most misunderstood and misdiagnosed condition that affects small craft. The good news is no corrosion scenario should remain a mystery — corrosion and its prevention are comprehensible. While there are many subvarieties of corrosion,… Full Story
EIA: US crude inventories up 3.3 million bbl July 14, 2022 - US crude oil inventories for the week ended July 8, excluding the Strategic Petroleum Reserve, increased by 3.3 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 3.3 million… Full Story
The key is in the coating: Multilayered coating to improve the corrosion resistance of steel July 14, 2022 - The strength of steel makes it one of the most robust materials known to man. When galvanized with zinc (Zn), it becomes more resistant to corrosion. This makes it an economical choice to use in construction and infrastructure. In the… Full Story
IEA: Oil market outlook rarely more uncertain July 14, 2022 - Rarely has the outlook for oil markets been more uncertain, said the International Energy Agency (IEA) in its July issue Oil Market Report (OMR). IEA: Oil market outlook rarely more uncertain Full Story
EIA: US crude inventories up 8.2 million bbl July 8, 2022 - US crude oil inventories for the week ended July 1, excluding the Strategic Petroleum Reserve, increased by 8.2 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 8.2 million… Full Story
Canada gains 9 rigs, US adds 2 July 8, 2022 - Canadian rotary rig activity increased by 9 rigs the week ended July 8, pushing the number of rigs working to 166, up 38 from the 137 working in Canada this time a year ago, according to Baker Hughes data. Canada… Full Story
For the First Time, the US is Sending More Gas to Europe Than Russia July 1, 2022 - For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency. Europe is seeking alternatives such as US liquefied natural gas to Russian supplies after Gazprom… Full Story
SCOTUS rules EPA can’t set standards too tough for gas-fired power plants July 1, 2022 - The US Supreme Court ruled June 30 that the Environmental Protection Agency (EPA) lacks the authority to set emission standards so strict that many power plants burning natural gas or coal will be unable to comply. SCOTUS rules EPA can’t… Full Story
Choosing the best corrosion-resistant material July 1, 2022 - Corrosion becomes an inevitable problem when structures come into immediate contact with water and other chemicals, e.g., in water parks and swimming pools. It includes repeatedly accessed places such as pool access ladders, stair towers, and handrails. Corrosion presents a… Full Story
Mitigating the issue of pipeline corrosion June 25, 2022 - The potential impact of pipeline corrosion within the oil and gas industry can be devastating for many reasons. In addition to the increased cost of maintenance and replacing parts, expensive offshore pipeline installation projects, and the huge costs due to… Full Story
U.S. oil activity jumps amid shortages, inflation June 25, 2022 - An index of oil activity in the U.S. Southwest was at the highest in six years, according to the quarterly report, which surveyed oil executives in Texas, New Mexico and Louisiana earlier this month. Still, firms said that supply-chain issues… Full Story
US rotary rig count continues to gain June 25, 2022 - US drilling activity increased again this week with the addition of 13 rotary rigs, bringing the total working units to 753, well above the 470 that were drilling in the same period a year ago, according to the latest count… Full Story
U.S. drillers add oil and gas rigs for first time in three weeks June 13, 2022 - The U.S. oil and natural gas rig count rose this week for the first time in three weeks, as crude output slowly returns to pre-pandemic levels despite high prices as producers focus on returning money to shareholders and paying down… Full Story
Water main breaks: Case studies and analysis June 13, 2022 - Water main breaks lead to extensive costs and make up a significant portion of municipal budgets due to repair costs, flood damage, loss of revenue for companies impacted, and the disruption to essential public services like health care or fire… Full Story
Canada’s rig count jumps 24 units, US also up June 13, 2022 - Canada’s drilling rig count jumped 24 units to reach 141 rigs running during the week ended June 10, up 48 from the year-ago period. Oil-directed rigs rose 22 units while gas-directed rigs increased 2 units 48. Canada’s rig count jumps… Full Story
EIA: Global oil production returns to within 1% of pre-pandemic levels June 7, 2022 - Although crude oil prices remain high because of low oil inventories and significant geopolitical uncertainty, EIA estimates world production of petroleum and other liquids averaged 99.5 million b/d in May, within 1% of pre-pandemic levels. EIA: Global oil production returns… Full Story
Offshore oil rig rates lifted by pandemic recovery, race to replace Russian crude May 27, 2022 - Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic. Drilling companies are in a stronger position… Full Story
Canadian drilling jumps as US count dips slightly May 27, 2022 - Canadian drilling activity jumped this week with 15 rigs added the week ended May 27, Baker Hughes reported Friday. This week’s count of 103 rigs is up 41 from the 62 units drilling in Canada during the same period last… Full Story
U.S. drillers add oil and gas rigs for ninth week in a row May 24, 2022 - U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row, data showed on Friday, as mostly small producers respond to high prices and prodding by the government to ramp up output. The… Full Story
With big gains in Texas, US rig count jumps 14 units May 20, 2022 - The US drilling rig count gained 14 units to 728 during the week ended May 20, according to Baker Hughes data. Thirteen of the units to come online are oil-directed. With big gains in Texas, US rig count jumps 14… Full Story
Corrosion under fire coating on main beams caused the closure of the Memphis Avenue Bridge May 20, 2022 - The Cuyahoga County Department of Public Works is responsible for the inspection and maintenance of just about 100 bridges countywide and inspectors on-site at the Memphis Avenue Bridge project found sufficient reason to shut down the one lane of the… Full Story
Baker Hughes: US rig count up 9 units to 714 May 13, 2022 - The US drilling rig count is up 9 units, reaching 714 rigs working for the week ended May 13, according to Baker Hughes data. The count is up 261 units from the 453 rigs working this time a year ago.… Full Story
U.S. drillers add oil and gas rigs for record 21 months a row -Baker Hughes May 2, 2022 - April 29 (Reuters) – U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the federal government prompted some drillers to return to the wellpad.… Full Story
Oil Heads for Longest Run of Monthly Gains Since Early 2018 April 29, 2022 - (Bloomberg) Oil is poised for a fifth monthly gain after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and the resurgence of Covid-19 in China. West Texas Intermediate futures climbed to… Full Story
US rig count inches up, Canada continues rig drop April 29, 2022 - The active rig count in the US was up 3 units to 698 for the week ended Apr. 29, according to Baker Hughes data. US rig count inches up, Canada continues rig drop Full Story
Twelve companies awarded contracts for Strategic Petroleum Reserve oil April 25, 2022 - The US Department of Energy (DOE) awarded contracts to 12 companies for 30 million bbl from the Strategic Petroleum Reserve (SPR). Twelve companies awarded contracts for Strategic Petroleum Reserve oil Full Story
U.S. drillers add oil and gas rigs for fifth week – Baker Hughes April 25, 2022 - April 22 (Reuters) U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as high prices and prodding by the government prompts drillers to return to the wellpad. The oil and gas… Full Story
U.S. to Resume Oil, Gas Drilling on Public Land Despite Biden Campaign Pledge April 19, 2022 - WASHINGTON, April 15 (Reuters) – The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning for president. The plan calls… Full Story
U.S. Is Set to Launch a $6 Billion Effort to Save Nuclear Plants April 19, 2022 - (Bloomberg) The Energy Department is expected to provide details as soon as Monday on a $6 billion program aimed at keeping uneconomical nuclear plants in service, providing a lifeline to an industry that’s seen a raft of early reactor retirements driven by competition… Full Story
U.S. drillers add oil and gas rigs for fourth week in a row April 19, 2022 - U.S. energy firms last week added oil and natural gas rigs for a fourth week in a row as the federal government seeks more production to help allies wean themselves off Russian oil and gas after Moscow invaded Ukraine on… Full Story
U.S. crude stocks surge on strategic reserve release April 15, 2022 - A maze of crude oil pipe and equipment is seen with the American and Texas flags flying in the background during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.… Full Story
EIA: US crude inventories up 9.4 million bbl April 15, 2022 - US crude oil inventories for the week ended Apr. 8, excluding the Strategic Petroleum Reserve, increased by 9.4 million bbl from the previous week, according to data from the US Energy Information Administration. EIA: US crude inventories up 9.4 million… Full Story
IEA to release 120 million barrels over six month period April 12, 2022 - The International Energy Agency (IEA) on Thursday confirmed member country contributions to the second collective action to release oil stocks in response to Russia’s invasion of Ukraine. The commitments submitted by members reached 120 million barrels to be released over… Full Story
New U.S. rule requires pipeline operators to install valves to improve safety April 5, 2022 - March 31 (Reuters) – The U.S. Department of Transportation’s pipeline regulator on Thursday announced a new rule that would require automatic or remotely operated shut-off valves to mitigate safety-related and environmental impacts due to pipeline failures. The Pipeline and Hazardous… Full Story
U.S. Liquefied Natural Gas Exports Rise 16%, to New Record April 5, 2022 - U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is in high demand as European countries try to cut gas… Full Story
U.S. drillers add three oil and gas rigs amid slow growth -Baker Hughes April 5, 2022 - U.S. energy firms last week added oil and natural gas rigs for a second week in a row but growth in the rig count remains slow as drillers continue to return cash to shareholders from high crude prices rather than… Full Story
API: February US oil demand strongest since August 2005 March 23, 2022 - US petroleum demand, as measured by total domestic petroleum deliveries, was 21.6 million b/d in February, only 0.03% above demand in January, according to the latest monthly statistical report by API. API: February US oil demand strongest since August 2005 Full Story