Wednesday, September 24, 2025

U.S. refiners face severe labor shortage for deferred maintenance

From Reuters: After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. Fuel producers such as Marathon Petroleum Corp (MPC.N) and Valero Energy Corp (VLO.N) have delayed routine work in the past 24 months

Brazil oil and gas output reaches 3.3 MMBOPD in November

From Reuters: Oil and natural gas production in Brazil reached 3.307 million barrels of oil equivalent per day in November, according to a report released by the government’s petroleum industry regulator ANP on Friday. Oil production fell 0.6 percent from October to 2.609 barrels per day, with more than one-quarter of this coming from the giant offshore Lula field. Natural

Centennial Resource Development Announces Closing of Southern Delaware Basin Acquisition and $910 Million Private Placement of Equity and Increases Borrowing Base

Centennial Resource Development, Inc. together with its affiliates (“CDEV”, “Centennial” or the “Company”) (NASDAQ:CDEV) (NASDAQ:CDEVW), announced today that it has closed the previously announced acquisition of leasehold interests and related upstream assets in Reeves County from Silverback Exploration, LLC (“Silverback”) for a purchase price of approximately $855 million, subject to customary post-closing adjustments. Centennial also announced today that it has