On Tuesday, Shares of ConocoPhillips (NYSE:COP), lost -2.67% to $48.46.
ConocoPhillips, safely delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, marking a noteworthy milestone for the megaproject.
“The oil sands are an important part of our portfolio,” said Ryan Lance, chairman and chief executive officer. “We’re happy to see a project of this magnitude move from the capital phase to the production phase, knowing that it will produce for decades to come. Achieving this milestone on plan demonstrates our continued commitment to meet our operational targets.”
Construction of the Surmont 2 facility, the largest single-phase steam-assisted gravity drainage (SAGD) project ever undertaken, began in 2010. Earlier this year, ConocoPhillips declared first steam, the initial step towards production. Since that milestone, steam has successfully heated the reservoir to a point where the well pairs can be converted to a SAGD configuration and allows the oil to flow. Production was declared once the inspected product was successfully routed to sales tanks.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio comprises shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and exploration prospects.
Shares of Teck Resources Ltd (USA) (NYSE:TCK), inclined 6.01% to $6.53, during its last trading session, after copper prices raised following flat Chinese imports of copper in August, when contrast with the previous months.
Copper for December delivery is up 5.6% to $2.44 per pound on the COMEX this afternoon.
Chinese copper imports totaled 350,000 metric tons in August, about the same as June and July, according to General Administration of Customs data, Reuters reports.
Imports rose 2.9% year-over-year last month, but were down 8.1% for the first eight months of this year as shipments were cut due to a lagging Chinese economy.
“The arbitrage ratios were good in August. But importers bought bonded stocks mostly and that trimmed the impact on fresh overseas orders,” Chaos Ternary Futures analyst Peng Sanhao told Reuters.
Vancouver, BC-based Teck Resources is a mining company focused on steel-making coal, copper, zinc and energy.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Finally, Tegna Inc (NYSE:TGNA), ended its last trade with 2.75% gain, and closed at $23.56.
HomeAdvisor, Colorado’s largest digital employer, has partnered with 9NEWS for its latest show, Fix This. The program, debuting recently, offers homeowners solutions to their home project needs. Hosts Becky Ditchfield, Vida Urbonas, and Raquel Villanueva assist viewers learn how to complete upscale DIY projects and home projects on a manageable budget. The program is set to run every Friday at noon MST on KUSA, Channel 9 in Denver.
“Just as Colorado turns to 9NEWS for immediate, trustworthy news, homeowners, in Colorado and across the nation, turn to HomeAdvisor to find pre-screened professionals and home project resources,” said HomeAdvisor’s CEO, Chris Terrill. “This partnership provides us with an opportunity to further connect with the local community and showcase our on-demand tools for homeowners tackling difficult home projects.”
Licensed contractor Kayleen McCabe will appear in the series to provide do-it-yourself tips for concluding home repair and improvement projects. HomeAdvisor’s project advisors will take calls during the interactive segments to assist viewers find the right professional for their home project.
“9NEWS has always been an advocate for assisting people and solving problems,” said Patti Dennis, VP news, talent development and recruiting, TEGNA Media, owner of 9NEWS. “Fix This is just another way to assist people with home remodel, home design and lifestyle projects.”
TEGNA Inc. engages in media and digital businesses in the United States. The company operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites.
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