Downstream

This post was originally published on this siteNov 3, 2021 (Bloomberg) It was an old joke at Tesla Inc. among executives: get too close to chief executive officer Elon Musk, and you’ll get burned. Flying under the radar — instead of too close to the sun — was a survival strategy at the company.In Greek mythology, […]

This post was originally published on this siteNov 3, 2021 (Bloomberg) Oil fell as the U.S. intensified pressure on OPEC+ to boost supplies when it meets on Thursday, while concerns grew that tighter policy from the Federal Reserve will impede growth.West Texas Intermediate futures sank 2.4% after U.S. President Joe Biden blamed OPEC and its allies

This post was originally published on this siteNovember 02, 2021 TULSA, OK, Nov. 02, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its third-quarter 2021 financial and operating results. Third-Quarter 2021 Highlights Announced second significant acquisition of 2021, agreeing to purchase ~20,000 net acres in western Glasscock County,

This post was originally published on this siteOKLAHOMA CITY, Nov. 02, 2021 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third quarter of 2021. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.

This post was originally published on this siteNovember 02, 2021 DENVER, Nov. 02, 2021 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three and nine months ended September 30, 2021. HIGHLIGHTS For the respective three and nine months ended September 30, 2021, DCP had net income attributable to partners

This post was originally published on this siteNet Debt Decreased by $15 million with Results In-Line with Expectations Over $125 million of Contract Operations Contract Renewals in Latin America; ECO Backlog at $1.4 billion Full Year 2021 Adjusted EBITDA Guidance Updated to $143-148 million Capital Structure Review Focused on Operational Opportunities HOUSTON, Nov. 02, 2021

This post was originally published on this siteNovember 02, 2021 FRISCO, TX, Nov. 02, 2021 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter ended September 30, 2021. Highlights of 2021’s Third Quarter Free cash flow of $84 million was generated in the quarter.

This post was originally published on this siteNovember 02, 2021 HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported third-quarter 2021 results and provided the following updates: Successfully completed formation of Plains Oryx Permian Basin strategic joint venture (closed October 5th); cashless transaction, debt-free

This post was originally published on this siteIn September, the Financial Post reported that Canada expects to see a 10,000-worker deficit in 56 trades—resulting from more than 700,000 Tradespeople retiring without enough apprentices to replace them. The consequences of this shortage could be profound: Cost increases / overruns Quality assurance issues Longer lead times Project delays

This post was originally published on this siteThe recovery of the Western Canadian Oil and Gas industry is well underway and demand for completions products has dramatically increased over the past year.  As global storage capacities are expected to hit all-time lows, the demand for energy products and services is forecasted to reach record highs