** ONEOK, Inc. took part this week in the Barclays CEO Energy-Power Virtual Conference. Its investor materials including updated volume information are available at www.oneok.com.
** President Trump signs an executive order reinstating an Obama-era moratorium on oil drilling off the coasts of Florida, Georgia, and South Carolina.
** Democrats and environmental groups quickly criticized Trump’s move as a self-serving campaign ploy that could easily be reversed again when it’s politically convenient.
** The EPA grants Wyoming the authority to regulate carbon dioxide injection wells intended for long-term storage.
** Wyoming’s Powder River Basin is set to produce less than 200 million tons of coal for the first time in 30 years.
** Energy Transfer LP expects to have expanded capacity available on its embattled Dakota Access crude oil pipeline by the third quarter of next year, it said on Tuesday in a presentation to investors.
** Colorado oil industry advocates say “we would be in court the next day” if an incoming Biden administration tried to reverse President Trump’s efforts to expand oil production on federal land.
** The Energy Department issued an emergency order over the weekend that allows California grid managers to run additional power generators in response to spiking temperatures across the state.
** President Trump has attempted to make political hay of California’s power struggles , aiming to tie the state’s blackouts to Joe Biden’s climate agenda. “Biden has also pledged to demolish the U.S. energy industry and implement the same policies causing blackouts in California. He wants to have things lit up with wind,” Trump said Monday.
** The U.S. power industry would struggle to meet presidential hopeful Joe Biden’s proposed mandate that it become carbon neutral by 2035 without some big breakthroughs in clean energy technology, according to a Reuters analysis of planning documents and a survey of top utilities.
** Gasoline shortages have returned to Venezuela, sparking mile-long lines in the capital as international concerns mounted Tuesday that Iran yet again may be trying to come to the South American nation’s rescue.
** Schlumberger Limited will hold a conference call on October 16, 2020 to discuss the results for the third quarter ending September 30, 2020. The conference call is scheduled to begin at 8:30 a.m. US Eastern time and a press release regarding the results will be issued at 7:00 a.m. US Eastern time.
** Exxon Mobil Corp. reported that it has made its 18th discovery offshore Guyana at the Redtail-1 well, located on the Stabroek Block.According to ExxonMobil, Redtail-1 encountered approximately 232 feet of high-quality oil-bearing sandstone and was drilled in 6,164 feet of water. The well is located approximately 1.5 miles northwest of the Yellowtail discovery, the supermajor noted.
** General Motors announces a deal giving it a $2 billion stake in electric truck maker Nikola that will eventually reduce costs for both companies and help GM commercialize its EV technology.
** The U.S. EPA plans to fine a Michigan oil and gas company nearly $75,000 for keeping inaccurate records on injection well operations.
** California Gov. Gavin Newsom says he has “no patience for climate change deniers” and the state will continue to pursue policies that combat climate change as it deals with historic wildfires.