Wednesday, November 27, 2024

Precision Drilling Corporation Plans 2018 $94 Million CapEx

Precision Drilling Corporation (ticker: PDS) announced a 2018 CapEx of $94 million. The company said $62 million has been reserved for maintenance and infrastructure and $32 million will be used to upgrade existing rigs. The company said $94 million will be split – $88 million in the contract drilling services segment and $6 million in the completion and production services.

Oil prices in North Korea dip due to imports from Russia

From UPI Oil prices in North Korea have fallen substantially from record-high levels in early November, due to massive imports from Russia, Radio Free Asia reported Sunday. The U.S. based broadcaster cited a report by Asia Press International, saying that a kilogram of diesel had recently dipped by more than 60 percent on month to 6,765 North Korean won, which

Shell Midstream Announces $825 Million Drop-Down

Shell Midstream Partners, L.P. (NYSE: SHLX) entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell a 100% interest in five products terminals and partial interest in two Gulf of Mexico corridor pipelines and in two strategic onshore pipelines for $825 million. The acquisition price reflects an approximate 7.9 times multiple of the assets’ forecasted