In the downstream sector, fourth quarter 2018 revenue was $297 million, an increase of 18% as compared to the fourth quarter of 2017, driven by the U.S. and International. This growth in the U.S, like our gas utility business, is less impacted by oil price volatility and more so by GDP growth, and a secure and stable feedstock source, as evident by the growth in both our refining and chemical sub-sectors. Deliveries to the Shell Pennsylvania chemical facility, other small-cap projects and turnaround activity all contributed to the growth in downstream.
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Burt Reynolds promotes the film "W.W. and the Dixie Dancekings" on Feb. 3, 1975, in Nashville. (Photo: Jimmy Ellis/The Tennessean)
“We were struggling with processing the stairs and the stair stringers,” Andy said. “The two stair components are made from a C-channel, and almost every cut is a miter cut. And then, inevitably, every one of them needs a partial weld, so it needs to be beveled for weld prep. So, what we tried to find was a machine that would cut the miters, cut the bevels, and put holes in for the bolts and bolt connections,” Andy said.
The one simple chart, which can be seen here, shows that while the oil industry has experienced a recent boom in the number of drilling rigs, the number of employees has remained flat. Santens goes on to predict that ‘of the 440,000 jobs lost in the global downturn, as many as 220,000 of those jobs may never come back.’ The industry is getting closer to 24/7 unmanned every day.
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U.S. revenue was $778 million in the fourth quarter of 2018, 9% higher than the fourth quarter of 2017, with increases in the upstream and downstream end market sectors. U.S. upstream sales were up 23% in the fourth quarter of 2018 over the same quarter in 2017, due to an increase in well completions, which were up 19% over the same period.
‘It was a video of this massive, automotive assembly-line type, Star Wars-type robot, that was picking up the pipe, drilling it, and there wasn’t a person in sight.’”
Yes, David, I don’t know (inaudible) as far as to stay close to 0, we’re forecasting some LIFO expense. It’s down considerably from last year. We have got about $37 million, $38 million forecasted in for LIFO. But we do think we’ll see some inflation.
Barbara Harris, 83. The Tony Award-winning actress whose comic-neurotic charms lit up the Broadway stage and helped her steal films, including “Nashville,” ”Freaky Friday” and “A Thousand Clowns.” Aug. 21.
Factors that determine freezer performance | 2019-03-04 | Galvanized Steel Coil Related Video:
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