Trump intends to declare 'national energy emergency,' focus on fossil fuels
The incoming administration said it also wants to streamline permitting and roll back regulations.
Tag: oil and gas
Active rig counts slip in US, rise in Canada
Oil and gas drilling activity declined in the US this week, while Canadian rig counts saw a rebound, according to the latest data from Baker Hughes.
Active rig counts stable in US, slow down in Canada
The number of active oil and gas rigs operating in the US held steady this week for the fifth consecutive week, while Canadian activity declined further, according to the latest figures released from Baker Hughes.
Borusan plans $68M upgrade to Florida facilities
The announcement comes a little more than a year after Borusan acquired Panama City, Fla.-based Berg Pipe for $162 million.
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
US rig count rises, Canada count falls
The US drill rig count increased by seven this week, while the Canadian count dropped by 11, according to the latest data from Baker Hughes.
Active rig counts stable this week
US rig activity has remained in multi-year low territory since June. Drilling in Canada has edged lower across the last few weeks but remains historically strong.
US and Canadian rig counts slip: Baker Hughes
The number of active oil and gas rigs ticked lower in both the US and Canada last week, according to the latest data released from Baker Hughes.
November energy market update
In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels. Trends in energy prices and rig counts are an advance indicator of demand for oil country tubular goods (OCTG), line pipe and other steel products.
Rig count update: US activity stable, Canada down
US counts have hovered in this territory since June, just above multi-year lows. Canadian counts have trended lower since early October but remain historically high.
Active rig counts stabilize in US, slip in Canada
US rig activity has been historically weak since June, hovering just above multi-year lows for four months. Canadian counts have ticked lower in recent weeks but remain strong.
Rig count: US activity recovers, Canada's dips
US drill rig activity recovered last week after slipping the prior week, according to the latest data from Baker Hughes. But Canada’s counts edged down following a five-week run-up. Despite the decline, Canada’s rig count remains near a five-month high. US rigs In the week ended Aug. 9, the number of active drilling rigs in […]
July energy market update
In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels. Trends in energy prices and rig counts are an advanced indicator of demand for oil country tubular goods (OCTG), line pipe, and other steel products.
SMU Community Chat: Bankers discuss M&A in metals
Two veteran investment bankers joined SMU's Community Chat on Wednesday, July 10, to talk consolidation and M&A in the metals industry.
June energy market update
Crude oil prices are forecast to ease slightly through the remainder of the year, while natural gas prices are expected to move higher following recent lows
Active rig count update: US down, Canada up
Oil and gas drilling activity in the US ticked down last week, remaining near a two-year low, according to the latest update from Baker Hughes. In contrast, the Canadian count inched higher and is now at a 10-week high.
Active rig count update: US flat, Canada rises
S drill rig activity held steady last week, remaining near two-year lows according to the latest update from Baker Hughes
Rig count update: US activity dips to a two-year low
US drill rig activity eased further last week, receding to levels last seen at the start of 2022 according to the latest update from Baker Hughes
Active rig count update through mid-May
Drilling activity ticked up in the US but declined in Canada during the week ended May 17, according to the latest release from Baker Hughes.
Canada considers standard pipe duties in expiry review
The Canada Border Services Agency (CBSA) has completed its portion of an expiry review of the antidumping duty orders on welded standard pipe from Pakistan, the Philippines, Turkey, and Vietnam.
May energy market update
In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels.
Stelco reports solid Q1, plans to up value-added output
Stelco reported a positive start to 2024 in its first-quarter earnings report on Thursday. And with steady demand and a stable market, the Canadian flat-rolled steelmaker is optimistic for the remainder of the year.
Active rig counts mixed entering May
Drilling activity declined in the US but increased in Canada, according to the latest data from Baker Hughes.
Active rig counts slip in US and Canada
The number of active rigs in the US is now at the lowest level seen in over two years, while Canadian rigs have fallen to a four-month low.
Active rig count rises in US, falls in Canada
Drilling activity increased in the US but declined in Canada, according to the latest data from Baker Hughes.
April energy market update
In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels.
Rig count falls in US, rises in Canada
Drilling activity decreased in the US but rose in Canada in the week ended April 12, according to the latest data from Baker Hughes.
Rig counts decline again in US and Canada
The number of active rigs in the US eased to a nine-week low, while Canadian activity continued it’s seasonal wind down.
Rig counts move lower again in US, Canada
Oil and gas drilling activity in North America slowed this week, according to the latest figures from Baker Hughes.
Rig count pulls back in US and in Canada
North American rig count activity declined this week, according to the latest data from Baker Hughes. The number of active rigs in the US eased from last week’s 6-month high, while Canadian activity continued to wind down.