Hess, Southern Company: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

EARNINGS
Hess Narrows Net Loss - Hess (NYSE:HES) reported an estimated second-quarter 2019 net loss of $6 million, compared with a loss $130 million in second-quarter 2018. (Business Wire)

Southern Company Swings to Net Profit - Southern Company (NYSE:SO) reported second-quarter 2019 earnings of $899 million, compared with a loss of $154 million in the year-prior quarter. (PR Newswire)

CORPORATE
Global Energy Workforce Shifts from Onshore to Offshore - This Houston Chronicle article discusses how as U.S. shale activity plateaus for now and the offshore oil and gas industry recovers, the employment growth in the global energy sector has shifted from onshore to offshore. In 2017 and 2018, offshore services firms grew their employment by about 6%, while onshore companies hiked their payrolls by less than 4%, according to the Norwegian research firm Rystad Energy. And the shift toward offshore is expected to continue in the years ahead. (Houston Chronicle)

CRUDE OIL
U.S. Crude Stocks Fall for Seventh Week - U.S. crude stockpiles fell for a seventh straight week, slumping 8.5 million barrels last week to 436.5 million barrels. (Reuters)

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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, eight 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 https://www.industrialinfo.com.