Steel

TimkenSteel Says ‘Evolving Energy Market’ Forcing Houston Closure, Job Layoffs

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.

November 25, 2019

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.

August 21, 2019

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).

May 17, 2019
Steel Import Quotas Would ‘Cripple’ U.S. Oil, Gas Production, TIPRO Says

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).

November 27, 2018

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.

October 2, 2018

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.

August 31, 2018

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.

August 22, 2018
NOV CEO Says Steel Tariffs Increasing Costs

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.

July 30, 2018
Exempt International Steel Imports from Tariffs, Plains Exec Tells House Panel

Exempt International Steel Imports from Tariffs, Plains Exec Tells House Panel

Less than two weeks after the Trump administration rejected Plains All American Pipeline LP’s request for an exemption to a tariff on imported steel it already purchased for a pipeline in the booming Permian Basin, the COO urged House lawmakers to work to improve the exemption request process.

July 26, 2018

Oil, Gas Industry Frustrated by Rejections to Steel Tariff Exemptions; Permian Pipeline Affected

Officials with the American Petroleum Institute (API) said their member oil and gas companies are frustrated with the process that the Trump administration established to request exemptions to tariffs on imported steel, with several petitions — including one for a pipeline to service the booming Permian Basin — already rejected on vague grounds.

July 19, 2018
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