Page 1 - NorthAmOil Week 18 2021
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Issue 652                06•May•2021                       Week 18






                    ™     ™Recovery in progress


                            Results for the first quarter of 2021 for super-majors and independents alike
                            show the industry recovery from the worst early impact of the pandemic.


                    ™     ™Spending spree


                            EQT is continuing its expansion in the Marcellus shale with a deal to buy
                            Alta Resources Development for $2.93bn in cash and stock.

                    ™     ™Loss reversed


                            Canada’s Suncor Energy has reported a net profit of CAD821mn ($674mn)
                            for the first quarter of 2021, from a CAD3.5bn ($2.9bn) loss a year ago.

                    ™     ™Refinery purchase


                            HollyFrontier has agreed to buy Royal Dutch Shell’s Puget Sound refinery
                            near Anacortes, Washington State, for $350mn.
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