FROM THE OIL PATCH
As pipeline projects cancel, future falls into question
For years, a small clique of investors has questioned the logic of putting money into oil and gas pipelines that take decades to pay off when climate change policy was pushing the energy sector away from fossil fuels. Banks and other institutions, however, largely continued to finance the multibillion-dollar projects,confident
Lower Oil Production Hits Pipeline Operators Hard
Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and
Oil prices rise on signs an industrial recovery is underway
Oil rose after economic data from China to the U.S. sparked optimism that an industrial recovery is underway, offsetting a
US shale mergers slow to develop
Economic downturns usually spur a surge in mergers in the US oil and natural gas business, but several factors may be holding up another round of deal-making. Before this spring’s crude price crash caused by the Opec+ conflict and Covid-related demand drop, deals such as Occidental’s 2019 purchase of Anadarko
Tenaris to expand scope of U.S. melt shop with $11M investment
HOUSTON – Tenaris has announced an $11 million USD investment at its melt shop in Koppel, PA, to expand the plant’s size range capabilities. The steel shop ’s caster line will undergo upgrades to increase its steel bar size capabilities and improve safety, IT and automation systems at the mill.
3 Ways To Play The Coming Oil Boom
With the double negatives of a demand-culling pandemic and wildly declining sentiment trouncing the oil and gas and pushing companies to record lows, with $30 billion in collective debt, trying to pick a winner in this sector is growing more challenging by the day. On the demand front, the IEA has
CRUDE OIL WEEKLY UPDATE (Week Ending 09-18-20)
Crude Oil Summary (EIA): U.S. crude oil refinery inputs averaged 13.5 million barrels per day during the week ending September 11, 2020 which was 0.7
NATURAL GAS WEEKLY UPDATE (Week Ending 09-18-20)
In the News (EIA): Natural gas infrastructure in the Netherlands is changing in response to declining natural gas production: Dutch natural gas utilities and major
Zekelman Industries Steel Snapshot For Sep 2020
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts Sept HR Coil is $541, up $97 from Aug. Mills have customers on allocation for
Preston Pipe Report – The Line Pipe Market – September 2020
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor <= 16” Diameter – In the small diameter line pipe market, our industry contacts tell us
Pipe Logix Line Pipe Report – August 2020
(by Kurt Minnich, www.pipe-logix.com) Line pipe prices were 0.7% lower in August with domestic prices down 0.6% and import prices down 0.7%. This is the
AISI – Press Release On Latest U.S. Imports Of Steel Products – September 9, 2020
(American Iron and Steel Institute, www.steel.org – September 9, 2020) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the
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