FROM THE OIL PATCH
Committee Leaders Continue to Press DOE for Answers on Unjustified LNG Pause
House Science, Space, and Technology Committee leaders sent a fourth letter to Department of Energy (DOE) Secretary Jennifer Granholm, expressing ongoing concern that pausing the export of
Hundreds of New Gas-Fired Power Units Planned as U.S. Gas Output Soars
The latest data from the U.S. Energy Information Administration (EIA) published Dec. 10 shows five states accounted for more than 70% of record U.S. natural
WoodMac Says Shell, Equinor Combination Creates New UK Superpower
Shell and Equinor’s recently announced combination “creates a new UK superpower”, Wood Mackenzie said in a note sent to Rigzone. In the note, Wood Mackenzie highlighted that, according to its analysis, the combined business will deliver production of nearly 150,000 barrels of oil equivalent per day in 2025, which Wood
US production is threatening OPEC’s hold on the oil market
And how a Trump appointee could keep that trend going. Is Saudi Arabia losing its grip on the energy market? The kingdom, a founding member of OPEC, has aimed to keep oil prices elevated. But it’s struggling to keep allied countries oil production in check – and a new US Administration
Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles
President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. In
Biden admin report could slow Trump’s efforts to unleash domestic natural gas, experts say
The DOE must decide whether natural gas exports are in line with the public’s interest before issuing any new permits. A report from the Biden administration on the environmental impacts of increasing liquefied natural gas (LNG) exports could add delays to President-elect Trump’s efforts to immediately authorize new licenses for the fuel,
CRUDE OIL WEEKLY UPDATE (Week Ending 12-13-24)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending December 6, 2024, which was 251
NATURAL GAS WEEKLY UPDATE (Week Ending 12-13-24)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 28 cents from $2.83 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for December 2024
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU Dec HR Coil $675 down $15 from Nov. Nippon launches marketing effort to convince the
Preston Pipe Report – November 2024
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – Despite the fact that we expect drilling to be a bit better in 2025, our forecast
Argus Pipe Logix Line Pipe Report – November 2024
(by Rye Druzin, www.pipe-logix.com) US line pipe prices increased this month to $2,274/short ton (st), with domestic price increases outpacing a rise in import values.
AISI Press Release on Latest U.S. Imports of Steel Products – December 2024
American Iron and Steel Institute, www.steel.org (12-06-24) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and