Oil

Superior Energy Announces Bankruptcy Court Confirmation of Its Plan of Reorganization; $1.3 Billion in Debt to Be Converted Into Equity

Tuesday, January 19, 2021 - 11:40pm

Superior Energy Services (OTCQX: SPNX) (Superior or the Company) announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Companys $1.3 billion in debt would be converted into equity and the company would emerge debt-free.

Key Points: 
  • Superior Energy Services (OTCQX: SPNX) (Superior or the Company) announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization, whereby the Companys $1.3 billion in debt would be converted into equity and the company would emerge debt-free.
  • We are pleased with the results of this hearing, and we thank our employees, customers, lenders and suppliers for helping us to achieve this very favorable outcome.
  • are acting as financial advisors for the Company, Latham & Watkins LLP and Hunton Andrews Kurth LLP are acting as legal counsel, and Alvarez & Marsal is serving as restructuring advisor.
  • is acting as financial advisor for the ad hoc group of noteholders with Davis Polk & Wardwell LLP and Porter Hedges LLP serving as legal counsel.

Lubricants Market Research Report - Global Forecast to 2024 - Cumulative Impact for COVID-19 Recovery | SpendEdge

Tuesday, January 19, 2021 - 11:00pm

A targeted strategic approach to Lubricants market sourcing can unlock several opportunities for buyers.

Key Points: 
  • A targeted strategic approach to Lubricants market sourcing can unlock several opportunities for buyers.
  • This report offers market impact and new opportunities created due to the COVID-19 pandemic.
  • View the full release here: https://www.businesswire.com/news/home/20210119005509/en/
    SpendEdge has announced the release of its Global Lubricants Market Procurement Intelligence Report (Graphic: Business Wire)
    Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Lubricants research report.
  • This Lubricants procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

Mesa Royalty Trust Announces There Will Be No Distribution for January 2021

Tuesday, January 19, 2021 - 9:30pm

Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.

Key Points: 
  • Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.
  • The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Solaris Oilfield Infrastructure Issues Operational Update and Schedules Fourth Quarter and Full Year 2020 Results Conference Call

Tuesday, January 19, 2021 - 9:05pm

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (Solaris or the Company) announced today it expects its fully utilized proppant silo system count in the fourth quarter of 2020 to increase 20-25% from third quarter 2020.

Key Points: 
  • Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (Solaris or the Company) announced today it expects its fully utilized proppant silo system count in the fourth quarter of 2020 to increase 20-25% from third quarter 2020.
  • Activity in January is currently slightly higher than the fourth quarter average as activity remains strong.
  • Solaris will issue its fourth quarter and full year 2020 earnings release before the market opens on February 22, 2021.
  • To join the fourth quarter 2020 conference call from within the United States, participants may dial (844) 413-3978.

Phillips 66 Partners Declares Quarterly Cash Distribution

Tuesday, January 19, 2021 - 10:00pm

Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a fourth-quarter 2020 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis.

Key Points: 
  • Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a fourth-quarter 2020 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis.
  • Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets.
  • Accordingly, all of Phillips 66 Partners LPs distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
  • Nominees, and not Phillips 66 Partners LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

New Pressure Relief Valves Market Research Report 2021-2025 | Industry Planning Structure for the New Normal | Technavio

Tuesday, January 19, 2021 - 8:00pm

The new pressure relief valves market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

Key Points: 
  • The new pressure relief valves market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
  • View the full release here: https://www.businesswire.com/news/home/20210119005773/en/
    Technavio has announced its latest market research report titled Global Pressure Relief Valves Market 2021-2025 (Graphic: Business Wire)
    Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the pressure relief valves market.
  • As the markets recover, Technavio expects the pressure relief valves market size to grow by USD 937.20 million during the period 2021-2025.
  • The growth in the chemical industry is one of the prime factors that will facilitate the pressure relief valves market growth in APAC over the forecast period.

Z Energy Upgrades Customer Experience With TNS’ Secure SD-WAN

Tuesday, January 19, 2021 - 5:45pm

Transaction Network Services (TNS) today announced a new partnership with Z Energy New Zealands leading fuel retailer to enhance their retail customer experience through TNS Secure SD-WAN, which leverages Fortinets Secure SD-WAN solution to combine industry-leading managed payment services with next-generation network security.

Key Points: 
  • Transaction Network Services (TNS) today announced a new partnership with Z Energy New Zealands leading fuel retailer to enhance their retail customer experience through TNS Secure SD-WAN, which leverages Fortinets Secure SD-WAN solution to combine industry-leading managed payment services with next-generation network security.
  • With the installation of TNS Secure SD-WAN at more than 500 fuel sites across New Zealand, Z Energy gains the ability to deploy new customer-focused features and functionalities with efficient, secure payments capabilities.
  • These features give Z Energy a payments infrastructure and network connectivity layer fit for the 21st-century customer experience, paving the way for future growth and business transformation.
  • Z Energy selected TNS following a competitive RFP process initiated after the fuel retailers previous network reached its end of life.

Outlook on the Barite Global Market to 2027 - Opportunity Analysis and Industry Forecast - ResearchAndMarkets.com

Tuesday, January 19, 2021 - 5:17pm

The "Barite Market by Form, Grade, Colour, Deposit Type, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Barite Market by Form, Grade, Colour, Deposit Type, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
  • The global barite market was valued at $1.4 billion in 2019, and is projected to reach $2.4 billion by 2027, growing at a CAGR of 7.3% from 2020 to 2027.
  • The barite market is mainly driven by its growing consumption in oil & gas drilling industry.
  • However, factors such as substitution of barite for other minerals are expected to hinder the growth of the barite market.

2020 Insights on the Energy Transition Strategies of Major Oil and Gas EPC Companies - Impact of COVID-19 - ResearchAndMarkets.com

Tuesday, January 19, 2021 - 4:20pm

The "Energy Transition Strategies of Major Oil and Gas EPC Companies" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Energy Transition Strategies of Major Oil and Gas EPC Companies" report has been added to ResearchAndMarkets.com's offering.
  • This transition is prompting oil and gas EPC companies to realign their businesses and capitalize on this emerging market segment.
  • Reviews preparedness of leading oil and gas EPC companies in the ongoing energy transition in the oil and gas industry.
  • Reviews preparedness of leading oil and gas EPC companies in the ongoing energy transition in the oil and gas industry.

Datagration™ Acquires Mosaic Petroleum Analytics to Expand the PetroVisor™ Platform

Tuesday, January 19, 2021 - 3:30pm

Datagration is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs.

Key Points: 
  • Datagration is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs.
  • The acquisition is the latest in a period of growth for Datagration to expand the capabilities of its PetroVisor platform.
  • With the PetroVisor Platform, companies can improve organizational and cross-domain workflows, automating technical and business processes, and mitigating risk, all on a unified platform.
  • We are very excited to be joining the Datagration team, exclaims George Voneiff, CEO of Mosaic Petroleum Analytics.