January 21, 2021 archive

Nebraska anti-Keystone pipeline activists celebrate

  Environmental activists in Nebraska who fought the Keystone XL pipeline are still celebrating after President Biden revoked approval of the controversial pipeline that would have terminated in the state. “I can’t stop laughing,” anti-pipeline pioneer Jane Kleeb said. “I always knew this day would come.” The Lincoln Journal Star interviewed Kleeb, who launched the …

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ONEOK declares quarterly dividend

ONEOK, Inc. announced this week its board of directors had approved a quarterly dividend of 93.5 cents per share. The dividend was unchanged from the previous quarter and resulted in an annualized dividend of $3.74 per share. The dividend is payable Feb. 12, 2021, to shareholders of record at the close of business Feb. 1, …

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NGL Energy Partners LP offers $2 billion in notes

  NGL Energy Partners LP in Tulsa announced Thursday it was offering more than $2 billion in senior secured notes. The notes are due 2026 and NGL said it expected to use the net proceeds together with borrowings under a new $500 million asset-based revolving credit facility to repay all outstanding borrowings and terminate the …

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Democrats demand probe of decision to move U.S. Space Command out of Colorado Springs

Two Democratic members of Congress don’t like the Pentagon’s choice to locate the U.S. Space Command in Alabama. They want the Pentagon to investigate how the decision was made to move the command from Colorado Springs to Huntsville, Alabama. Reps. John Garamendi, D-Calif., and James Cooper, D-Tenn., said the decision pulling the command to Huntsville, …

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Hot Springs, Arkansas to build largest municipal solar plant in the state

  Hot Springs, Arkansas revealed plans to build the state’s largest municipal solar plant. The plant will consist of 31,000 solar panels to be installed on city-owned property, according to Fox 16 TV news. Upon completion, the solar project will power all of the city buildings and functions in Hot Springs. The city manager said …

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Legislator says it’s time Kansas had an official energy plan

  Kansas is one of only 8 states in the U.S. without an official energy plan and Rep. Mark Schreiber, a Republican from Emporia says it’s time the state had one. Schreiber is now vice-chair of a Kansas House committee on Energy, Utilities and Telecommunications and wants to help develop one, according to the Wichita …

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Inhofe on Keystone XL cancellation—a “sad” day

  Oklahoma U.S. Sen. Jim Inhofe says Wednesday’s cancellation by President Joe Biden hours after he was sworn into office was a “sad” day for the U.S. “We came so far during the last administration – from prioritizing American energy development to ending the far-left’s war on fossil fuels,” said the Senator in a statement. …

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Alberta’s Premier called Keystone XL cancellation by Biden an “insult”

  Alberta Premier Jason Kenney didn’t mince words this week when President Biden cancelled the U.S. permit allowing construction of the Keystone XL pipeline. He wants to punish Biden and the U.S. over the cancellation that cost thousands of jobs.  “This is a gut punch to the Alberta and Canadian economies,” Alberta Premier Jason Kenney …

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Words of caution coming from Kinder Morgan

  The oil and gas industry is being warned about ramping up too quickly in the Permian Basin as oil prices hang around the $55 a barrel level. At a post-earnings call on Wednesday, Kinder Morgan’s president Kim Dang admitted there are concerns about the industry trying to claw too quickly back to pre-COVID-19 pandemic …

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