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International Trade Commission Vote Could Impact PA Steelworkers

Stahlrohre für eine PipelineBy

A recent decision by the International Trade Commission regarding South Korean steel tubes may have an effect here in southwestern Pennsylvania.

The ITC voted recently to impose duties on steel pipes and tubes from South Korea and five other countries, which were found to be “dumping” their products into the U.S. market.

“Dumping” refers to the practice of selling a product in another country for less than it is sold in the country where it is manufactured. It also includes the practice of selling a product for less than it cost to make.

“The Commerce Department recommended tariffs at a rate of about 16 percent on this pipe and tube, which was coming into the United States at no tariff because we have a free trade agreement with South Korea,” said Scott Paul, president of the Alliance for American Manufacturing, a nonprofit advocacy group for the manufacturing industry.

In February, the U.S. Department of Commerce released a preliminary statement saying an investigation into South Korea’s practice of selling steel tubes in the U.S. found no evidence of dumping.

Read more: http://wesa.fm/post/international-trade-commission-vote-could-impact-pa-steelworkers

 
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Enable Midstream to invest $200M for new processing plant in Oklahoma

plant2-300x171By Teresa Nones

Enable Midstream Partners LP on Sept. 3 said that its board of directors has approved a plan to build a 200-MMcf/d natural gas processing plant in Grady County, Okla., designed to serve producers in the South Central Oklahoma Oil Province, or SCOOP, play.

The partnership expects to invest more than $200 million for the project, which includes plant equipment, associated compression and installation costs, according to a news release.

Enable Midstream added that the project will also expand the capacity of a nearby facility, the Bradley processing plant, to 10,000 barrels per day. The Bradley plant is expected to be in service in the first quarter of 2015.

The partnership said the proposed plant, along with other projects such as the upgrading of its Cox City facility, will allow it to meet the increased drilling and rich gas production from the SCOOP play.

Read more: http://www.snl.com/Interactivex/article.aspx?CdId=A-29060233-14892

 
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Marcellus shale has $90 billion in remaining value, study says

marcellus_studyarea--300x197By Bob Downing

Marcellus: Identifying US billion in remaining value

Our granular well-level analysis of this key shale gas play indicates a strong future of continued growth 

The Marcellus is currently the largest shale gas play in the world. Its recognised commercial area spans over 30 million acres across four states and our latest research has revealed it to hold over US$90 billion in remaining value.

We expect the top 20 operators to drill 25,000 wells through to 2035 at a cost of nearly $110 billion.

In performing our research, we divided the play into 16 sub-play areas before leveraging our North America Well Analysis Tool which holds clean reported production data for each individual well.

Although rig counts have fallen across the Marcellus since early 2012, we can see that improved efficiency and a renewed focus on the play’s core sub-plays have led to on-going growth.

Read more:

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/marcellus-shale-has-90-billion-in-remaining-value-study-says-1.517600

 
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EQT, NextEra moving forward with Mountain Valley Pipeline

PipelineTanks-300x171

EQT Corp. and joint venture partner NextEra Energy Inc. are moving forward with their proposed 330-mile Mountain Valley Pipeline, announcing they’ll hold a binding open season for its transmission capacity.

The move follows the close of a non-binding open season, which concluded in July. The binding season is to end Sept. 29.

In a news release, EQT (NYSE: EQT) said it has received firm capacity commitments of 1.5 billion cubic feet per day. As envisioned, the line would provide at least 2 billion cubic feet of transmission capacity

“As we move into a binding open season, securing the 1.5 billion cubic feet per day of firm capacity confirms we have an economically viable project,” said Randall Crawford, EQT Midstream Partners (NYSE: EQM) COO in a statement.

“Marcellus and Utica producers will have cost-effective access to the growing demand for natural gas for use by local distribution companies, manufacturers, and power generation facilities,” he said.

Read more:

http://www.bizjournals.com/pittsburgh/blog/energy/2014/09/eqt-nextera-moving-forward-with-mountain-valley.html?ana=e_pit_nrg&u=32322357774e8221e2d3778a70d257&t=1409745769

 
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MarkWest to expand Butler County natural gas processing complex

fuel tank in the refineryBy Stephanie Ritenbaugh / Pittsburgh Post-Gazette

A natural gas processing complex in Butler County will see another expansion to handle growing production from the Marcellus and Upper Devonian shale formations, MarkWest Energy Partners said recently.

The Denver-based midstream company said the expansion of the Keystone complex in Evans City is backed by new agreements with Rex Energy, a driller based in State College, and EdgeMarc Energy, a driller based in Canonsburg.

MarkWest plans to build Bluestone III and Bluestone IV, both of which are 200 million cubic feet per day (MMcf/d) plants that are expected to begin operations in late 2015 and early 2016, respectively.

In addition, MarkWest will build 40,000 barrels per day (b/d) of additional de-ethanization capacity and more than 20,000 b/d of additional propane and heavier natural gas liquid fractionation capacity, the company said.

Rex Energy recently expanded its footprint in the region with the acquisition of about 208,000 acres from SWEPI, LP, an affiliate of Royal Dutch Shell for $120 million in cash.

Read more:

http://powersource.post-gazette.com/local/washington/2014/08/26/Lawsuit-to-prevent-clear-cutting-trees-filed-in-Peters/stories/201408260237

 
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