Baker Hughes said it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas, and broader industrial operations.
Read MoreMonth: November 2020
Haliburton Bullish Despite Losses
Halliburton Co. reported a net loss of $17 million, or $0.02 per diluted share, for the third quarter of 2020. This compares to a net loss for the second quarter of 2020 of $1.7 billion, or $1.91 per diluted share.
Read MoreU.S. Silica Sand Sales Up 15%
U.S. Silica Holdings Inc. announced third quarter 2020 results, including revenue of $176.5 million compared with $172.5 million in the second quarter of 2020, up 2% sequentially and down 51% from the third quarter of 2019.
Read MoreSource Energy Services Sees Increase in Sand Volumes
Source Energy Services reported results for the third quarter of 2020 that reflect a rebound in activity levels in the WCSB, favorably impacting sand sales volumes which increased by 11% compared to the third quarter of 2019. While higher volumes were achieved, sand revenue and total sales revenue were lower by $2.4 million and $1.3 million, respectively, for the third…
Read MoreThis Week’s Market Buzz
• Oil prices fell sharply at press time, with Brent Crude, the global benchmark, falling as much as 5% before paring losses to trade 2.3% lower at $37.07 a barrel. West Texas Intermediate, the U.S. benchmark, was down 2.7% at $34.82 a barrel.
Read MoreFlexco Appoints Business Leaders
Flexco CEO Richard A. White announced the appointment of three new business leaders, as well as new reporting structures designed to promote better alignment of programs and activities to more quickly bring highly-valued solutions to its customers.
Read MoreAGG1 2021 in Atlanta Cancelled Due to COVID-19
The Executive Committee of World of Asphalt Show & Conference and AGG1 Academy & Expo announced the combined in-person shows will not be held in 2021 due to ongoing concerns related to COVID-19.
Read MoreVulcan Materials Looks Ahead
Nov. 5, 2020 – Vulcan Materials’ Chairman and Chief Executive Officer Tom Hill – on the heels of the company’s third-quarter report – looked into his crystal ball, and stated, “Going into 2020, we expected shipment growth; however, in March, that trajectory was disrupted by COVID-19 and the resulting shelter-in-place ordinances. Since then, the economic uncertainty and the evolving nature of the pandemic…
Read MoreVulcan Shipments Lower; Prices, Cost Control Drive Profitability
Vulcan Materials Co. announced results for the quarter ended Sept. 30, reporting that net earnings were $200 million compared to $216 million in the prior year’s comparable quarter.
Read MoreGCAA Testifies at Georgia State Capitol
The Georgia Construction Aggregate Association (GCAA), along with its partners, the Georgia Highway Contractors Association and the Georgia Ready Mix Concrete Association, gave testimony before the Georgia Freight and Logistics Commission on Oct. 14 at the Georgia State Capitol.
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