Released October 31, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
EARNINGS REPORTS
Hess Widens Quarterly Net Loss - Hess (NYSE:HES) reported an estimated third-quarter 2019 net loss $205 million, compared with a loss $42 million in third-quarter 2018. (Business Wire)
CRUDE OIL
U.S. Crude Oil Supplies Rise - In the week ending October 25, U.S. crude oil stockpiles rose 5.7 million barrels. Gasoline stocks fell by 3 million barrels, and distillates declined by 1 million barrels. (Houston Chronicle)
PRODUCTION
ExxonMobil, Hess Move Up Start Date of Guyana Production - Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) and Hess announced that have moved up initial crude oil production in Guyana to December from a previously scheduled start date in early 2020. The Liza Phase 1 project will produce 120,000 barrels per day when it ramps up to full capacity. (Houston Chronicle)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
EARNINGS REPORTS
Hess Widens Quarterly Net Loss - Hess (NYSE:HES) reported an estimated third-quarter 2019 net loss $205 million, compared with a loss $42 million in third-quarter 2018. (Business Wire)
CRUDE OIL
U.S. Crude Oil Supplies Rise - In the week ending October 25, U.S. crude oil stockpiles rose 5.7 million barrels. Gasoline stocks fell by 3 million barrels, and distillates declined by 1 million barrels. (Houston Chronicle)
PRODUCTION
ExxonMobil, Hess Move Up Start Date of Guyana Production - Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) and Hess announced that have moved up initial crude oil production in Guyana to December from a previously scheduled start date in early 2020. The Liza Phase 1 project will produce 120,000 barrels per day when it ramps up to full capacity. (Houston Chronicle)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
