August 1, 2019 archive

Halliburton signs deal for more drilling projects in Brazil

Halliburton Company, the company founded in Oklahoma 100 years ago  announced the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin off the coast of Brazil. The two-year and six month contract will provide drilling and completion services to drive greater efficiency by applying pre-salt expertise and integrating multiple …

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Kinder Morgan and its pipeline issues

  Like most of the pipeline companies, Kinder Morgan (KMI) continues to fight legal and regulatory battles to build its pipelines. Recently, the company sued the city of Kyle, Texas, for passing an ordinance that hampers its Permian Highway Pipeline project. Previously, Travis Mitchell, the city’s mayor, and other opponents of the Permian Highway Pipeline sued Kinder …

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Southern Oklahoma wind farm operator reports 2Q increased earnings

ALLETE, Inc., the Minnesota energy company building its largest wind power site in southern Oklahoma reported this week second quarter 2019 earnings of 66 cents a share on net income of $34.2 million. The results were better than last year when the earnings were 61 cents a share on net income of $31.3 million. “We …

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