** Cheniere Energy Partners, L.P.announced that its subsidiary, Sabine Pass Liquefaction, LLChas priced its previously announced offering of Senior Secured Notes due 2030.The principal amount of the SPL 2030 Notes will be $2.0 billion and the SPL 2030 Notes will bear interest at a rate of 4.500% per annum. The closing of the offering is expected …
May 6, 2020 archive
Work begins on new gas line in New Mexico
Work has started on a $60 million pipeline being constructed to carry natural gas from north of Albuquerque to Santa Fe, New Mexico. New Mexico Gas Co. announced this week the line stretching from the city of Bernalillo to Santa Fe will increase capacity for natural gas customers in the northern part of the …
Climate change advocacy group formed
Conservatives Drew Bond and John Hart are launching C3 Solutions , an advocacy organization focused on conservative clean energy and climate change solutions. Hart previously was the late Oklahoma Sen. Tom Coburn’s communications director and Bond served as chief of staff at the Heritage Foundation. Former Republican presidential contender and Pennsylvania Sen. Rick Santorum and American …
Dems plan to keep oil and gas out of next relief package
Democratic lawmakers unveiled legislation Tuesday that would prohibit fossil fuel companies from participating in coronavirus relief packages and thwart options that could be under consideration by the Trump administration to aid the oil sector according to POLITICO. The bill specifically bars fossil fuel companies from participating in the Federal Reserve’s Main Street lending program, which the …
Enable Midstream reports millions in reduced income
Oklahoma City’s Enable Midstream Partners, LP reported millions in reduced net income for the first quarter of 2020 including a $10 million drop in net income to limited partners and a $10 million decline for common units. Revenues were $648 million for first quarter 2020, a decrease of $147 million compared to $795 million …
Earnings plunge for Holly Energy Partners
Earnings plunged to nearly half for Holly Energy Partners, L.P. operators of a Tulsa refinery and others across the U.S. as like other energy firms, it suffered from the impact of the coronavirus and the oil price war. The Dallas-based firm reported net income for the first quarter of 2020 fell to $24.9 million or …
Drop in earnings for wind power operator in Oklahoma
While ALLETE, Inc. added to its wind power in Oklahoma in the first quarter of the year, the Duluth, Minnesota based company reported a drop in earnings in the first quarter of the year. Earnings in the first quarter of this year were $1.28 a share on net income of $66.3 million compared to $1.37 …
Senators ask USDA to help chicken growers
Senator James Lankford (R-OK), along with Senators Jim Inhofe, Chris Coons (D-DE) and Roger Wicker (R-MS), sent a letter to the Secretary of the United States Department of Agriculture (USDA) highlighting the severe impacts of COVID-19 on the US chicken industry and requesting direct assistance for chicken growers and continued support for processing facilities. Eastern …
Oil to be stored in pipeline network
Canadian pipeline operator Enbridge Inc. plans to temporarily store crude oil in one of its largest oil pipelines across North America starting in June. The firm has storage facilities in Cushing but the deal involves housing crude oil in the pipeline. The company said this week it has reached agreement with shippers as crude …
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