Blog, Steel Pipe and Sheet Piling news
The Impact of Oil Price Reduction
While it is clear that consumers are happy with the recent, continuous decrease in oil, the impact such a change is having on the global economy needs to be closely examined. The price of oil hasn’t been this low, dropping almost by half, since 2009 when the United States’ was suffering from a recession.
JFE Shoji Trade to Acquire US Pipe Distributor
A recent announcement released information that JFE Shoji Trade Corp., including its subsidiaries JFE Holdings and JFE Steel, will be acquiring one of the United States’ largest pipe distributors, Kelly Pipe, whose history extends over 100 years.
Saddlehorn Oil Pipeline Moving Forward
The planned Saddlehorn pipeline, running between the Niobrara play and Oklahoma, is a "go" according to Magellan Midstream. This announcement comes on the heels of commitments made by subsidies of Anadarko Petroleum and Noble Energy. The proposed line will carry various qualities of crude oil from Northeast Colorado straight to Magellan's facilities in Cushing.
Imported Line Pipe Prices Threatening Domestic Production
Sources within the domestic line pipe production industry are worried that the low prices of imported line pipe will have a negative effect on domestic production.
Onshore Pipe Projections Positive Through 2015
In the wake of the downturn in developed economies across the world in 2012, demand for energy infrastructure as well as available credit lines both took a negative hit. However, at least one recent projection pegs both of these as rising, and continuing to do so throughout the next year.
Natural Gas The Fuel Of Choice In Colder Regions
Just as temperatures are beginning to drop across the country, natural gas consumption is on the rise. However, the trend does not extend to all regions. Rather, it is centered most notably in the coldest parts of the country, namely the Midwest and Northeast.
Some US OCTG Line Pipe Distributors In Tough Position
In a trend that has affected more than one OCTG line pipe distributor, domestic mills are either charging a premium on their goods, or just flat out refusing to sell outside their current circle of contacts. In the past, this practice has forced distributors to buy abroad. However, this has become a much tougher proposition since the recent trade ruling.
North Dakota’s Natural Gas Problem
Currently, nearly 1/3 of the natural gas produced from oil-drilling projects in North Dakota is flared. In response to the state's increased oil production in recent years, and subsequent increase in burn-off, the North Dakota Industrial Commission (NDIC) has put goals into place in order to decrease the amount of flared gas in the coming months and years.
New Oil Pipeline Project Announcements
JD Fields is proud to announce multiple new projects either breaking ground or in the final stages of completion. Our clients are always busy, and we're honored to supply such innovative and exciting developments!
Lack of Infrastructure in Permian Basin Contributing to Price Differences
Current pipeline infrastructure throughout the Permian Basin is insufficient in handling the recently increased production of crude oil in the area. Prices have fallen as a result of this inability to transport the crude product to refineries.
Shifting Hot Roll Coil Prices In The U.S.
Increased availability of domestically-manufactured hot rolled coil steel has contributed to a fluctuation in prices for suppliers and buyers alike.
JD Fields Receives Verdict In Breach Of Contract Suit
In April of 2013, JD Fields filed a petition citing a breach of contract by T & R Pipeline Services, Inc. The dispute arose after the defendant received an order of steel pipe, but did not fully compensate JD Fields as a supplier.
Line Pipe Prices Showing Effects Of OCTG Case Ruling
According to one source in the industry, domestic distributor prices rose approximately 0.2% per short ton, while foreign-sourced line pipe more than doubled that, at a 0.5% increase.
Canada Taking OCTG Dumping Seriously
In a move mirroring that made by the U.S., Canada's International Trade Tribunal recently began looking into the dumping of various Oil Country Tubular Goods (OCTG) by the same countries recently taken to task by the United States.