Brief energy news

** Energy companies and business groups are considering asking the Supreme Court to review Obama-era standards for ozone pollution. The U.S. Chamber of Commerce, American Petroleum Institute, and others on Nov. 8 asked Chief Justice John Roberts for extra time to weigh appealing a lower court’s decision that largely upheld the Environmental Protection Agency’s 2015 ozone caps.

** The Navajo Generating Station will shut down for good in a matter of days, the plant’s owners announced last week, once the plant burns through its remaining supply of coal. The closure marks the final chapter in a two-year fight to save the aging power plant and the affiliated Kayenta coal mine, which together had provided hundreds of jobs in one of the most economically depressed parts of the state.

** National Oilwell Varco, Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on December 20, 2019 to each stockholder of record on December 6, 2019.

** HollyFrontier Corporation announced that its Board of Directors declared a regular quarterly dividend of $0.35 per share, an increase of 6% from $0.33 per share the prior quarter. The dividend is payable on December 11, 2019 to holders of record of common stock on November 27, 2019.

**  An updated report revealed that an Oct. 17 pipeline leak in northwest North Dakota involved more than 8,000 gallons of crude oil. The incident on a crude oil gathering line operated by Hiland Crude occurred about a mile northeast of McGregor on Oct. 17 and was reported the same day. However, the initial report did not include an estimate of the amount of oil released.


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