October 21, 2020 archive

Oil spill cleaned up in North Dakota

  North Dakota regulators say an equipment failure at a well near Watford City in the northwestern part of the state led to the release of about 12,180 gallons of oil. The Associated Press reported that the state’s Oil and Gas Division said it was notified of the spill on Sunday at the Newfield Production …

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Energy news in brief

** House Democrats’ sweeping measure aims to harness the world’s oceans to address climate change. The 324-page bill, introduced Tuesday by Natural Resources Chair Raúl Grijalva (D-Ariz.), would boost offshore wind energy production and bar new offshore oil and gas drilling. ** Oregon Sen. Jeff Merkley (D) and California Rep. Mike Levin (D) introduced legislation Tuesday to end the sale of new U.S. …

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Capitol Hill’s look at Permian Pair-up

  Sometimes the way reporters on Capitol Hill view things out here in fly-over country is far different than those of us who live and work here. Take for example how POLITICO in Washington, D-C reported this week’s move by Pioneer Natural Resources to acquire Parsley Energy: “As sure as night follows day, a downturn …

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Baker Hughes reports more losses in 3Q

  Baker Hughes reported a $49 million loss or 25 cents a share for the quarter, a 6% increase from the second quarter of 2020 and “unfavorable” from a year ago. The Houston-based company, in releasing its earnings report on Wednesday saw some daylight in improvements, reporting that orders of $5.1 billion were up 4% …

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Tribes make new move to shut down Dakota Access Pipeline

  Native American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line’s future plays out. The Standing Rock Sioux and other tribes succeeded on their first attempt, only to have an appeals court overturn U.S. District Judge James Boasberg’s shutdown …

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Diesel Inventories Have Done Something In The U.S. Not Seen In At Least 30 Years

  The country’s production of diesel fuel might have finally started to level off following a large inventory of the distillate produced by U.S. refineries. It could also signal an end to cheaper prices for America’s trucking industry. As Freight Waves reported this week, “Data was reported last week by the federal government on diesel …

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