The board of directors of Dyna-Mac Holdings Ltd. said on March 21 that it has secured several fabrication contracts totaling approximately $150 million from its long-standing customers.
Completion of these fabrication contracts are scheduled to spread over 2 years, and as such, the group expects to derive revenue streams from these orders mainly from third-quarter 2019 up to fiscal year 2020.
Barring deferral or rescheduling by customers or other unforeseen circumstances, the above orders are expected to have a positive impact on Dyna-Mac’s earnings per share and net tangible assets for the current financial year ending December 31, 2019.
Ajay Bakshani, co-author of East Daley’s annual Dirty Little Secrets midstream outlook, discusses the expectations for $90 billion in free cash flow and why ‘midstream can really do it all in the next few years.’
A group of Oklahoma oil producers formally filed a request with the state's energy regulator asking for a hearing to consider production curbs in response to tumbling oil prices.
Demand for energy storage has soared as the COVID-19 pandemic crushed fuel demand, spurring oil producers and traders to fill storage facilities across the U.S.