NorthAmOil - North America Oil & Gas
US oilfield service jobs exceed 650,000, nearing pre-pandemic levels
Jobs in the US oilfield services (OFS) and equipment sector rose by an estimated 4,677 jobs to 650,587 in December, according to preliminary data from the Bureau of Labour Statistics (BLS).
Largest US refinery returns to production
The US’s largest crude oil refinery, Motiva Enterprises’ plant in Port Arthur, Texas, has returned to production, sources told Reuters on January 6.
Moody’s: US LNG capacity likely to almost double over the next 10 years
US liquefied natural gas capacity is likely to nearly double over the next 10 years, boosting medium-term midstream growth opportunities, says a new research note by Moody’s.
Cenovus reduces refinery downstream throughput guidance
Cenovus Energy is reporting impacted refinery throughput and operational availability because of recent extreme winter storms and severe cold temperatures at the company’s US and Canadian refining operations.
Devon Energy faces Q4 2022 production hit due to winter weather
Devon Energy, the oil and natural gas shale producer, has reduced its expected fourth-quarter 2022 production guidance by 2%, or 15,000 barrels of oil equivalent per day. Devon cited the impact of “severe winter weather” across its operations.
Phillips 66 signs $3.8bn deal to buy stake in DCP Midstream
Phillips 66 has agreed to acquire all of the publicly held common units representing limited partner interests in pipeline operator DCP Midstream, in an all-cash deal worth $3.8bn. This is a cash consideration of $41.75 per common unit.
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