FROM THE OIL PATCH
Shell shelves Norway hydrogen project due to lack of demand
Shell (SHEL.L) has scrapped plans for a low-carbon hydrogen plant on Norway’s west coast due to a lack of demand, the energy company said on Monday, days
Austria election brings into focus Russian gas habit and a sputtering economy
The government that takes power in Austria after next Sunday’s general election will face growing pressure to diversify its energy supply away from dependence on
Industry ‘concerned’ after lackluster Wyoming lease sale
The US BLM received only four bids on two parcels during its Sept. 25 lease sale in Wyoming, leaving industry leaders concerned about the future of drilling on public lands there. Correction: The total high bids in the original writeup was incorrectly stated as $27.6 million. The actual total raised in
Combination of Factors Impacting Natural Gas Market
There are a combination of national, global, fundamental, and weather-related factors impacting the natural gas market. That’s what Frederick J. Lawrence, the ex-Independent Petroleum Association of America (IPAA) Chief Economist, told Rigzone in an exclusive interview late Monday. “In regard to weather, there is a tropical depression forming in the
Oil and gas activity edges lower as outlooks dim, uncertainty rises
Activity in the oil and gas sector declined slightly in third quarter 2024, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index, the survey’s broadest measure of the conditions energy firms face in the Eleventh District, decreased from 12.5 in the second
Rystad Energy: Cost of new upstream oil projects rises further
The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure. The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure, according to new research from Rystad Energy. The research shows
CRUDE OIL WEEKLY UPDATE (Week Ending 10-04-24)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending September 27, 2024, which was 662
NATURAL GAS WEEKLY UPDATE (Week Ending 10-04-24)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 14 cents from $2.62 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for September 2024
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU September HR Coil $685 up $20 from Aug. Biden, Harris and Trump are opposed to
Preston Pipe Report – September 2024
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – In addition to the positive FID reached on the Blackcomb pipeline that we wrote about last
Argus Pipe Logix Line Pipe Report – September 2024
(by Rye Druzin, www.pipe-logix.com) Us line pipe prices fell by 1.1% to $2,242/short ton (st) in September, with both domestic and import falling at similar
AISI Press Release on Latest U.S. Imports of Steel Products – September 2024
American Iron and Steel Institute, www.steel.org – (09-05-24) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and