Pennsylvania Gov. Tom Wolf, a Democrat in the second-largest U.S. natural gas-producing state, approved an act boosting tax credits for natural gas use by billions over decades. Act 108, enacted from House Bill (HB) 1059 and dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code to bring…
Steel
Articles from Steel
Avenir LNG Expanding Marine Terminal Strategy to Decarbonize Swedish Port
Marine bunkering specialist Avenir LNG is looking to progress its terminal strategy and help Sweden decarbonize industrial sectors with a proposed natural gas import project. A memorandum of understanding (MOU) with Sweden’s Oxelösunds Hamn AB could advance a liquefied natural gas import terminal. The Port of Oxelösund facility as proposed would allow customers to import…
TimkenSteel Says ‘Evolving Energy Market’ Forcing Houston Closure, Job Layoffs
TimkenSteel Corp., which provides steel products and services for the oilfield, is closing a major location in Houston early next year because of reduced activity in an “evolving energy market,” a top executive said.
ConocoPhillips, Encana Challenging Tariff-Related Pipeline Surcharge by Plains
ConocoPhillips Co. and Encana Marketing (USA) Inc. are challenging Plains All American’s plans to implement a surcharge on its Cactus II crude oil pipeline, a 5.0-cent/bbl fee designed to offset costs related to U.S. tariffs on steel imports.
NGI The Weekly Gas Market Report
U.S. Agrees to Lift Steel, Aluminum Tariffs on Canada, Mexico
The United States on Friday agreed to lift steel and aluminum tariffs imposed on North American trading partners Canada and Mexico, removing one major impediment to enacting the Trump administration’s proposed United States Mexico Canada Agreement (USMCA).
NGI The Weekly Gas Market Report
Steel Import Quotas Would ‘Cripple’ U.S. Oil, Gas Production, TIPRO Says
A plan purportedly under consideration by the Trump administration to replace tariffs on steel imported from Canada and Mexico with a quota system would “cripple expansion of U.S. oil and natural gas production because of supply restrictions,” according to the Texas Independent Producers and Royalty Owners (TIPRO).
Uncertainty Looms for USMCA to Pass U.S. Congress, Say Analysts
A new trade deal between the United States, Canada and Mexico is expected to have a modest impact on the oil and gas industry, and reduced uncertainty between the trading partners could lead to an eventual lifting of tariffs on steel and aluminum imports, according to analysts. However, they warned the ongoing trade dispute with China could worsen.
IPAA Urges White House to Modify Steel Import Trade Policies
As the oil and gas industry grapples with tariffs on imported steel and a byzantine process for bypassing them, the Independent Petroleum Association of America (IPAA) urged the Trump administration to “understand and address” the unintended consequences of both actions, especially the increased burden on the industry’s small businesses.
Commerce Says Six Countries Possibly Dumped Steel into the United States
In a development that could put even more pressure on domestic natural gas pipeline projects, the Department of Commerce said it has preliminarily determined that Canada, China, Greece, India, South Korea and Turkey have been selling large diameter welded pipe at less than fair value in the United States.
NOV CEO Says Steel Tariffs Increasing Costs
Houston-based National Oilwell Varco Inc. (NOV) is beginning to see inklings of a recovery in the global oil and gas business, and while it’s not complete, the upturn “creeps a little closer every day,” CEO Clay Williams said.