September 2020 archive

Tensions Between Gov. Polis And Environmentalists Grow After Legal Move In Colorado Climate Lawsuit

  Colorado Gov. Jared Polis is a liberal but it doesn’t mean he is in a cozy relationship with environmentalists who want the state to act faster when it comes to climate change. Colorado Public Radio says environmental groups who sued the governor over missing a climate action plan deadline are increasingly angry over his …

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Beetle becomes focus of environmental group’s fight against Keystone XL pipeline

  Normally many farmers would oppose a federal agency’s attempts to interfere in their farming efforts through the declaration of an endangered insect that lives in the ground. But BOLD Nebraska has taken the side of the American burying beetle and the U.S. Fish and Wildlife Service in fighting the construction of the Keystone XL …

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ODOT’s Safey Corridor program wins award

  Oklahoma’s efforts to improve safety on a state highway heavily traveled by oilfield trucks has resulted in an award from one national safety organization. The State Transportation Department’s State Highway 33 Corridor project received the award from the Western Association of State Highway and transportation Officials. Secretary of Transportation and ODOT Executive Director Tim …

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New CEO named at Weatherford International

Weatherford International has appointed Girish Saligram as the oil-field services company’s new chief executive. He’ll be in charge of operations in Texas, Oklahoma and throughout the world, Saligram, who served as chief operating officer at Exterran Corp., will assume the roles of Weatherford president and CEO on Oct. 12. He also will serve as a …

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$1 billion in notes offered by Cheniere Energy

  A $1 billion offering in senior notes is announced this week by Houston-based Cheniere Energy, Inc. The company said the notes will be due 2028 and the proceeds will be used to prepay part of the outstanding indebtedness under the 3-year $2.695 billion delayed draw term loan credit from a June 2020 agreement. Cheniere, …

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Colombian oil firm plans increased drilling in the Permian

  Colombian oil company Ecopetrol SA aims to drill a total 100 wells by end-2021 in the Permian Basin of West Texas as global oil prices recover,  according to Chief Executive Felipe Bayon. The majority state-owned company, which entered a joint venture with Occidental Petroleum in November last year, said it plans to drill another …

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Will Nabors Drilling be next to seek bankruptcy protection?

  Speculation about which oil and gas company will be next to file bankruptcy now includes Nabors Drilling, the Houston based company with major operations in Oklahoma. Stock advisor Motley Fool, in a report this week included Nabors among three possible majors to head to bankruptcy court. Here’s how Motley Fool reported its analysis of …

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OK legislators study electric vehicle industry

The Oklahoma House Transportation Committee heard from industry experts on the future of electric vehicles and how Oklahoma can capitalize on the growing industry during a recent interim study. Rep. Brian Hill, R-Mustang, requested IS20-033 after he attended multiple economic and legislative conferences where he repeatedly heard that up to 90% of transportation will be …

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BP Says the Era of Oil-Demand Growth Is Over

  If BP Plc is correct in its prediction released this week, the future is here and the oil and gas industry will no longer see relentless growth of oil demand. The supermajor, in the report issued Monday indicated an end to the era many thought might last another 10 years or more reported Bloomberg. …

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$500 million in notes offered by TallGrass Energy Partners

  Kansas City-based Tallgrass Energy Partners, LPannounced that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million aggregate principal amount of senior unsecured notes due 2025 in a private placement to eligible purchasers. TEP intends to use the net proceeds of the Notes Offering …

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