After a challenging 2020, oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity. Rystad Energy expects around 54,000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels. In 2022 drilling is set to increase even more, by another 19% year-on-year to about 64,500 wells,…
Read MoreMonth: April 2021
This Week’s Market Buzz
The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable. The OPEC+ alliance of crude producers has been holding back roughly 8 million barrels per day from global…
Read MoreMiller Elected GCAA President
Travis Miller, Martin Marietta regional vice president/general manager for the North Georgia and Alabama districts began his two-year leadership role as president of the Georgia Construction Aggregate Association (GCAA) board of directors during the organization’s spring board meeting held via ZOOM. Miller has been a longtime supporter of GCAA and a leader in the aggregates industry. He will serve in…
Read MoreKleemann Debuts New Mobile Jaw Crusher Plant
With the market launch of the new MOBICAT MC 110(i) EVO2, Kleemann presents a mobile jaw crushing plant of the new generation. The further development of the tried and tested predecessor plant offers users ground-breaking technologies for optimizing all areas of a typical workday.
Read MoreThe Biden Proposal
April 2, 2021 – President Joe Biden’s eight-year infrastructure plan is nothing if not ambitious. The proposal – part of The American Jobs Plan – would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in the service of improving air quality, reducing congestion and limiting greenhouse gas emissions. I like roads and bridges part of…
Read MoreKnife River Acquires Mt. Hood Rock
Knife River Corp. has acquired Mt. Hood Rock, further strengthening the company’s aggregate position in the growing Portland, Ore., metro area. Knife River is the construction materials subsidiary of MDU Resources Group Inc.
Read MoreNSSGA Applauds Representatives Asking for State DOT Relief
A bipartisan House Dear Colleague letter highlighting needed relief for state Departments of Transportation (DOTs), and the related infrastructure projects they implement, was led by Rep. Connor Lamb (D-Pa.), Rep. Bob Gibbs (R-Ohio), Rep. Salud Carbajal (D-Calif.) and Rep. John Katko (R-N.Y.) The letter included a total of 47 signatures.
Read MoreConstruction Spending Down In February; Highways Decline
The U.S. Census Bureau reported that construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% (±0.7%) below the revised January estimate of $1,529.0 billion. The February figure is 5.3% (±1.0%) above the February 2020 estimate of $1,441.1 billion.
Read MoreAssociations Praise, Raise Concerns on Biden Infrastructure Proposal
The Biden administration’s announcement of a major infrastructure proposal – The American Jobs Plan – brought comments, both positive and negative, from industry associations.
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