July 6, 2020 archive

Developers give up on Atlantic Coast pipeline

  Duke Energy and Dominion Energy on Sunday threw in the towel on the Atlantic Coast Pipeline, a proposed 600-mile natural gas line from West Virginia to North Carolina.  It ends one of the highest profile battles over fossil fuel infrastructure in recent years, and its demise is a win for the environmental groups that spent …

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Petroleum leader says he’s saddened by activist-led litigation

  A federal court ruling that ordered the shutdown of the Dakota Access crude oil pipeline and the cancellation of another line have left the American Petroleum Institute upset. President and CEO Mike Sommers reacted with criticism of the courts. “Between the Atlantic Coast Pipeline cancellation and now the ruling to shut down the Dakota …

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Court orders Dakota Access pipeline to be shut down

  The Dakota Access pipeline must shut down by Aug. 5, a district court ruled Monday in a stunning defeat for the Trump administration and the oil industry. Bloomberg Law reported the decision, which shuts the pipeline during a court-ordered environmental review that’s expected to extend into 2021, is a momentous win for American Indian tribes …

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WPX Energy to release 2Q financial report this month

  Tulsa’s WPX Energy plans to discuss its second-quarter 2020 financial and operations results during a webcast on Thursday, July 30, 2020, beginning at 10 a.m. Eastern. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. Investors are encouraged to access the event …

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Analysts promote ConocoPhillips over Occidental Petroleum

  One nationally-known investment analyst, Motley Fool is giving high marks to ConocoPhillips as an oil and gas company to make investments. ConocoPhillips is the largest independent oil and gas producer. The company’s patient, yet deliberate growth strategy has driven its selectiveness when it comes to new investments. ConocoPhillips has funded its growth with solid cash flow …

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