Energy news in brief

** Halliburton Company  announced that its board of directors has declared a 2020 third quarter dividend of four and one-half cents ($0.045) a share on the Company’s common stock payable on September 23, 2020, to shareholders of record at the close of business on September 2, 2020.

** Colorado’s lightning-sparked Pine Gulch Fire near Grand Junction has doubled in size to nearly 29,000 acres and is only 7% contained. Evacuations of nearby homes have been made.

** U.S. energy regulators approved Kinder Morgan Inc’s request to put in service the ninth liquefaction train at its nearly $2 billion Elba Island liquefied natural gas (LNG) export plant in Georgia.

** Unionized employees at Exxon Mobil Corp’s refinery and chemical plant in Beaumont, Texas, will seek negotiations with the company over plans to suspend the employer contribution to their 401K retirement savings plan, sources familiar with the matter said.

**  U.S. energy company Duke Energy Corp said Monday it took a $1.6-billion after-tax charge in the second quarter for the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina.

** Midland, Texas-based Ring Energy reported a net loss of $135,000,000 or $1.99 per diluted share for the second quarter of the year.

** Concho Resources Inc. based in Midland, Texas announced that it has priced an offering of a total of $500 million aggregate principal amount of senior unsecured notes due 2031. The notes will bear interest at a rate of 2.40% per annum and will be issued at 99.761% of par.

** A gas explosion kills one and levels three houses in Baltimore but officials say investigations could take years to determine if aging infrastructure was responsible.

** The Tennessee Valley Authority board will review what it pays the utility’s president and consider possible changes after criticism from President Trump.

** A South Dakota congressman introduces a bill that would require the U.S. EPA to update its modeling on ethanol and biodiesel greenhouse gas emissions in a way that would be favorable to the industry.

** The BLM finalizes its move to Grand Junction, Colorado despite congressional objections and the loss of almost 70% of the agency’s Washington, D.C. employees.

** A lawsuit alleges that a California agency misused conservation funds to help destroy wetlands for expansion of natural gas facilities

** Environmental advocacy group Conservation Colorado launched a new effort Monday urging Sen. Cory Gardner (R-Colo.) to announce his opposition to William Perry Pendley, the controversial nominee for BLM head and vote against his nomination.

** A half-dozen environmental and consumer groups said they would sue the Energy Department to force it to act on 26 overdue energy efficiency standards. The agency is years past deadline on setting new standards for pool heaters, refrigerators, clothes washers and other appliances.

** The Sierra Club, one of the largest environmental organizations in the country, endorsed Joe Biden for president on Monday.

 

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