Energy news in brief

** Emails show the Bureau of Land Management may have violated its own rules in extending royalty breaks to oil companies and continuing lease sales during the economic downturn.

** Ohio regulators rule that an offshore wind project in Lake Erie can move forward under a condition that turbines not run at night for eight months a year, which the developer says “may well be fatal to the entire project.”

** The Interior Department is extending the public comment period on the that will guide oil and gas development over the next decade in northwestern New Mexico areas revered by Native American tribes.

** Illinois solar backers are making a last ditch legislative effort to get more time to spend about $200 million collected for solar projects before it is refunded to ratepayers.

** A southeastern Minnesota county lifts a moratorium on solar garden projects after adopting new regulations for setback distances.

**  Murray Energy defaults on its $440 million bankruptcy financing package, complicating the company’s recovery as it seeks support from lenders.

** Navajo Transitional Energy Company announces a new round of furloughs and layoffs at its Wyoming coal mine because of the economic downturn caused by the coronavirus pandemic.

** Some clean energy supporters say U.S. House Democrats’ $3 trillion stimulus bill ignores the industry’s effort to secure federal aid.

** The University of Texas announces a new project that will monitor methane emissions in the Permian Basin.

** Schlumberger Limited will hold a conference call on July 24, 2020 to discuss the results for the second quarter ending June 30, 2020.  The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.

** National Oilwell Varco, Inc. will hold a conference call to discuss its second quarter 2020 results on Tuesday, July 28, 2020 at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Monday, July 27, 2020. The call will be webcast live on www.nov.com/investors.

** Murphy Oil Corporation  announced that Walter K. Compton, Executive Vice President and General Counsel, will retire from the company effective June 1, 2020. The current Vice President, Law and Corporate Secretary, E. Ted Botner, will be assuming Mr. Compton’s responsibilities in addition to maintaining his current duties under the new title Senior Vice President, General Counsel and Corporate Secretary. Mr. Botner will now be reporting to Roger W. Jenkins, President and Chief Executive Officer.

 

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