Industry News

The big picture in pipes is steady growth

This week’s print issue of Plastics News has the top 100 North American pipe, profile and tubing extruders ranking, but you can find the full 201 firms online. We tracked extrusion sales of $21.2 billion, up 2.7 percent from last year’s ranking. The sales breakout is: 51 percent pipe, 43 percent profile and 6 percent

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High-resolution DAS In Frac Design

While shale oil and gas production continues to captivate the global energy market’s attention, operators have their focus on optimized production. To improve stimulation and completion designs and deal with the growing concern of interwell communications, operators need data to gain insight into reservoirs. Evaluating stimulation performance in real time and quantitatively measuring the extent

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Capacity relief still far off for silicone

Ravenna, Ohio — Silicone supply in the U.S. is still strained, and isn’t likely to improve within the next two years, according to Erick Sharp, CEO and president of Ace Products and Consulting L.L.C. Sharp described the challenges facing the overall market in part of Ace’s free “Silicone Market Analysis” class offered through its iLearn

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Weir Group First Half Hit By Tough North America Market

Engineering company Weir Group Plc on July 30 reported a 22% fall in like-for-like profit in the first half of the year, while forecasting full-year oil and gas profit at the lower end of its target range as orders in North America slowed. Shares of the FTSE 250 company fell 3.2% as of 3:00 a.m.

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Kinder sues Texas suburb over anti-pipeline ordinance

Houston pipeline operator Kinder Morgan has sued a suburb of the Texas capital city of Austin over passage of an ordinance the company alleges is designed to keep its proposed Permian Highway natural gas pipeline out of town — despite the route being approved by state regulators. In a lawsuit filed last week in U.S. District

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U.S. Silica Holdings Tops Profit Estimates On Higher Volumes

Frac sand miner U.S. Silica Holdings reported a bigger-than-expected quarterly profit on July 30, as it sold more sand to U.S. shale producers. The company sold 3.9 million tons of sand to oil and gas companies in the second quarter, an increase of 13% over last year, helped by a ramp up at its West

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Coal to Natural Gas CO2 Emission Reductions Key to Climate Stabilization

Tom ShepstoneShepstone Management Company, Inc. … … Shifting from coal to natural gas in power plant operations is a key strategy for reducing CO2 emissions and stabilizing the climate, says new study. A new study published in a journal called Nature Climate Change says reducing CO2 emissions via a shift from coal to natural gas

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More Power Outages Coming to New York, Thanks to Cuomo

 ... … … If you live in New York State you can expect more power outages thanks to Gov. Andrew Cuomo’s pandering attempts to curry favor with green energy scammers. New York’s Con Ed has had two major power outages within a two-week period—and the power outages probably will continue given the state’s new policies

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US OCTG prices stay stuck in bear market

The slow on-going recovery for US steel prices is unlikely to affect the oil country tubular goods market for the foreseeable future, Kallanish hears from market sources. While skelp is posting steady gains on the back of domestic mill increases, real demand is holding all energy tubulars back, says one Gulf Coast trader. Kallanish held its representative

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U.S. Lng exports to Europe rise as Asian demand falls

U.S. exports of liquefied natural gas reached a new peak of 4.7 billion cubic feet per day in May, according to the latest data from the U.S. Department of Energy’s Office of Fossil Energy, Kallanish Energy reports. This year, the U.S. became the world’s third-largest Lng exporter, averaging 4.2 Bcf/d in the first five months of the

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Dow partnering with Colombian firm to turn plastics into schools

Thousands more children on two continents will be able to attend school in new buildings made from plastic waste that would otherwise be discarded. Used plastics already have been used to create new schools in both Colombia in South America and Ivory Coast in Africa. But there are big plans to expand the effort in

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Clown Judges from 4th Circus Block Atlantic Coast Pipe…Again

The same U.S. Fourth Circuit Court of Appeals judges who quoted from Dr. Seuss’ book “The Lorax” in a previous decision against Dominion Energy’s Atlantic Coast Pipeline (ACP) have, once again, delivered another blow to ACP. In a very poor decision issued on Friday, the clown judges overturned reissued permits from the U.S. Fish and

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Cabot: Spending Up (Some) in 2019, Spending Down (Big) in 2020

Cabot Oil & Gas is the only Marcellus/Utica driller that is profitable quarter after quarter and year after year. So the market pays attention to what Cabot does, because they’ve figured out how to make money in a low commodity price environment. Last Friday Cabot released second quarter numbers. CEO Dan Dinges talked about the

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Range Resources 2Q – Production Up 10% Despite MarkWest Outage

Production for Range Resources was up a healthy 10% year over year in second quarter 2019, according to Range’s 2Q19 update issued late last week. Range produced 2.3 billion cubic feet equivalent per day (Bcfe/d) in 2Q. For the first half of the year Range brought online 39 Marcellus/Utica wells and plans to bring online

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DEP Permits for NWPA FM100 Pipeline – Marcellus Gas to Transco

In March we told you about National Fuel Gas Company’s (NFG) FM100 Project in northwestern Pennsylvania that will beef up and extend an existing pipeline network to flow an extra 330 million cubic feet per day (MMcf/d) of Marcellus gas to Williams’ mighty Transco Pipeline (see NFG FM100 Pipe Project in NW PA to Feed

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