October 29, 2018 archive

NASA’s Bridenstine to speak Tuesday in OKC

The Oklahoma Aerospace Forum scheduled for Tuesday in Oklahoma City will feature former Oklahoma congressman Jim  Bridenstine who is now head of NASA. He and U.S. Rep. Steve Russell will be speakers during the day long  event at the Skirvin Hotel. Bridenstine will speak at 11:15 a.m. while Congressman Russell will deliver the closing remarks …

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Banker gets 10 years in prison for $1.2 billion Venezuelan oil fraud scheme

The former managing director and vice chairman of a Swiss bank was sentenced to 10 years in prison Monday, after previously pleading guilty for his role in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA). Assistant Attorney General Brian A. Benczkowski of the Justice Department’s …

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NextEra Energy gets another extension in talks with military

For a third time, the Oklahoma Attorney General has extended a deadline for NextEra Energy to reach an agreement with the military over encroachment of flight areas around air bases in the state. Mike Hunter made the announcement on Monday that the deadline has been extended for NextEra to reach a mitigation plan with the Department …

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Despite court ruling, gravel operation remains open on Mayes County creek

The Mayes County man who sued 5 years ago to stop a gravel operation on Saline Creek says it’s time the  Ozark Materials  River Rock Company shut down the operation. Earlier this month, the U.S. Supreme Court declined to hear the company’s appeal following a ruling by the Denver Federal Appeals court upholding David Benham’s lawsuit. …

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Demand for Permian crude leads to expansion of pipeline under construction

Even as a Phillips 66 Partners pipeline is under construction the Permian Basin, the company is expanding its capacity. The company announced it will expand the Gray Oaks crude pipeline to 900,000 b/d because of the strong demand to move Permian crude to the US Gulf Coast. “The Partnership is constructing the Gray Oak Pipeline, …

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Cheniere asks Federal regulators for permission to begin work on $1 billion Oklahoma gas pipeline

Houston’s Cheniere Energy Inc., the nation’s biggest buyer of gas has asked the U.S. Federal Energy Regulatory Commission for authorized to begin construction on the $1 billion Midship natural gas pipeline in Oklahoma. The company made the request on Friday as it wants to start work on the 234-mile pipeline in three segments, hoping to …

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Gasoline prices drop again leaving $2.55 average in Oklahoma

Gasoline prices across the U.S. and in Oklahoma dropped again in the past week, reaching a new statewide average of $2.55 a gallon and a national average of $2.82. AAA Oklahoma and Gasbuddy each report drops in state prices with Gasbuddy indicating the Oklahoma City average this week dropped a dime to reach $2.38 per …

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Oklahoma pipeline builder declares 3Q dividend

Houston’s Cheniere Energy Partners, L.P., the company awaiting approval to build a $1 billion pipeline in Oklahoma’s STACK and SCOOP plays has declared a third quarter cash distribution. The distribution amounts to 58 cents per share or $2.32 on an annual basis and applies to unitholders of record as of Nov. 5, 2018. The distributions …

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Alliance Resource declares 3Q dividend

A third-quarter cash dividend has been declared by Alliance Resource Partners, L.P. in Tulsa. The board of directors of ARLP’s general partner declared a dividend of $0.525 per unit which figures to an annualized rate of $2.10 per unit. It will be payable on Nov. 14 to all unitholders of record as of the close …

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Blueknight Energy to release 3Q results on Wednesday

Oklahoma City’s Blueknight Energy Partners, L.P., the company with millions in oil storage at the Cushing Hub as well as asphalt operations in 26 states plans to release its third quarter 2018 financial results on Wednesday, Oct. 31. The company will make the results known after the close of markets, then hold a conference call …

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