March 10, 2021 archive

Rice mill to build Arkansas’ largest solar power project

  Arkansas regulators have signed off on allowing Producers Rice Mill Inc. and Scenic Hill Solar of North Little rock to build the state’s largest commercial solar power and battery storage system. The operation will be located at the mill’s site in Stuttgart, a city located southeast of Little Rock. Arkansas Business reported the approval …

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ConocoPhillips 2021 share repurchase program of $1.5 Billion underway

  ConocoPhillips announced that it resumed its share repurchase program at an annualized level of $1.5 billion, a 50% increase compared to the level of repurchases underway in the fourth quarter of 2020 when the program was suspended due to the Concho transaction. The company expects to execute the program ratably across all four quarters …

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Chevron reverses cuts in the Permian

  Devon Energy and other explorers in the Permian Basin will see some competition in oil production as Chevron Corp. unveiled plans this week to increase its investment in the big oil field and do so through at least 2025. In an investor presentation on Tuesday, Chevron Chief Executive Officer Mike Wirth surprised investors by …

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Senators put hold on Interior Secretary nominee

  For now, the nomination of Democratic congresswoman Deb Haaland of New Mexico to be the Interior Secretary, a nomination opposed in committee by Oklahoma U.S. Sen. James Lankford, isn’t going anywhere in the Senate. Montana Republican Sen. Steve Daines, who spoke out against Haaland’s environmental stands for being extremist was joined this week by …

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California Congresswoman confronts oilman over tax breaks

  Critics of the oil and gas industry are lauding over California Democratic Congresswoman Katie Porter and her firey response to an oil industry spokesman’s claims that the industry doesn’t receive tax breaks. It happened Tuesday during a hearing of the House Natural Resources subcommittee that Porter chairs. Porter, known for her stance against the …

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City of Shawnee losing TDK Ferrites plant

  TDK Ferrites Corp. announced it is shutting down its manufacturing plant in Shawnee, Oklahoma after locating there for more than 30 years. The announcement is not just a shutdown, but included word that the longtime ferrite magnet manufacturer is moving its operations to Japan and China reported the Shawnee News-Star. Click here for story …

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