28 April 2016
The latest round of results from Carbo Ceramics makes for sombre reading. The company has worked hard to realign with muted market demand for its products, and says it expects the depressed market to continue. Carbo has idled plants and reduced expenditure where it could - and expects to spend six times less on capex in 2016. There is no forced optimism in these results - the company believes it may even have to raise additional capital over the course of the year.
27 April 2016
North American proppant supplier US Silica Holdings Inc. today released its Q1 2016 results which show the impact of the sluggish drilling market. The company currently operates nine industrial sand production plants, for markets such as glass, and eight oil and gas sand production plants to supply silica (frac) sand for use in the hydraulic fracturing (fracking) process.
15 April 2016
Soda ash prices jump 30% as supply tightens; price rally for titanium dioxide, with Chinese prices seeing their biggest jump yet; bauxite producers turn to profitable non-met grades.
14 April 2016
The International Energy Agency (IEA) has published its Oil Market Report (OMR) for April, and while it expects oil demand to continue increasing, growth is occurring at a slower pace. This, coupled with production cuts, is likely to create market balance and have a positive impact on prices in the second half of 2016. However, a recovery is likely to take slightly longer to trickle down to oilfield mineral producers of barite, bentonite and frac sand.
12 April 2016
Sanders and Clinton, who are both campaigning to for the US Democratic presidential nomination, clashed over fracking yesterday ahead of the New York primary vote. With Sanders calling for a nationwide ban on hydraulic fracturing (fracking), the oil and gas sector and suppliers of oilfield minerals such as barite, bentonite and silica sand are likely to be keeping a close eye on the presidential race.
11 April 2016
According to LWP, recent test work carried out on fly ash-based proppants produced at its pilot manufacturing plant in Australia has shown that the material can compete with ceramic proppants – usually manufactured from a mixture of kaolin and bauxite – in terms of quality, but with a lower price tag that competes with frac sand.
06 April 2016
The large decrease in natural gas well completions and oil wells shows the impact of sliding gas and oil prices and indicates the slowdown experienced by industrial minerals producers which sell to the sector may be vaster than initially thought. Barytes (barite), bentonite, calcium carbonate and of course silica (frac) sand are just some of the minerals consumed by the oil and gas market.
05 April 2016
Debate over oil and gas land use, local government authority and environmental concern have resulted in a number of suggested new regulations in the US state of Colorado. This week the House of Representatives rejected a bill which would grant local governments increased authority over land use in the oil and gas sector.