NOV sets date for 1Q earnings report

  National Oilwell Varco plans to release its first quarter 2021 financial earnings report in April. The Houston-based company said the results will be made public after the market closes for trading on Tuesday, April 27. A conference call to be held by NOV executives will be held the next day, Wednesday April 28 at …

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Energy veteran named to Governor’s new cabinet position

  Oklahoma Gov. Kevin Stitt’s naming of two new cabinet secretaries this week included one with a long employment in the oil and gas industry. The governor named Jennifer Grigsby to be the secretary of economic administration. Grigsby is a certified public accountant and previously was employed by Chesapeake Energy Corp. for nearly 18 years. …

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US crude hits $63 a barrel—$67 overseas

  Crude oil prices made dramatic jumps in Wednesday’s trading. West Texas Intermediate crude for April delivery rose $1.55 to reach $63.22 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for April delivery increased $1.67 to settle at $67.04 a barrel on ICE Futures Europe. Natural gas wasn’t so …

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Magellan Midstream Launches Open Season for Potential New Mexico Refined Products Pipeline Expansion

  Magellan Midstream Partners announced it has started an open season to determine customer interest in possible expansion of its New Mexico refined petroleum products pipeline. The nearly 250-mile pipeline segment currently transports various grades of gasoline and diesel fuel from Magellan’s terminal in El Paso, Texas to terminals in Albuquerque, New Mexico owned by …

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Oklahoma regulators to reconsider gas production rate following storm

  After taking emergency action last week to increase production at 100% on unallocated natural gas wells in Oklahoma, Corporation Commissioners will meet Thursday to reconsider the rate. The emergency move was taken February 16 and the increased natural gas production helped supply gas to power plants in order to provide electricity during the rolling …

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Net income up for Enable in 4Q but gas deliveries were down

  Enable Midstream Partners, LP reported a fourth quarter 2020 net income of $96 million, an increase of $78 million over the fourth quarter of the previous year. But it also reported that revenues were $704 million for fourth quarter 2020, a decrease of $27 million compared to $731 million for fourth quarter 2019.  Enable reported …

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Interior nominee won’t have Sen. Lankford’s support

  Oklahoma U.S. Sen. James Lankford says he won’t support Democratic U.S. Rep. Deb Haaland of New Mexico in her nomination by President Biden to be his Secretary of Interior. His decision was announced after Haaland underwent a second round of questioning by members of the Senate Energy and Natural Resources Committee of which Lankford …

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Governors to Biden—-pause the pause

  Oklahoma Gov. Kevin Stitt is one of 17 Republican governors asking President Biden to withdraw his order banning new oil and gas development on federal land and offshore waters. “Pause the pause,” they wrote the White House. In their Feb. 22 letter, they argued the order has a negative economic effect upon western states …

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Study says Oklahoma needs improved technology for renewable power

  A study by a coalition of renewable energy groups claims grid-enhancing technologies in Oklahoma and Kansas could help the two states integrate more than 5,200 megawatts of new renewable generation by 2025. The study entitled “Unlocking the Queue” and done by the Working for Advanced Transmission Technologies Coalition focused on Oklahoma and Kansas and …

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Energy news in brief

** President Biden and first lady Jill Biden will travel to Houston on Friday. White House spokesperson Jen Psaki said during a press briefing Tuesday that Biden will meet with local leaders to discuss the storm and relief efforts. ** Harris County officials in Texas are looking into leaving Texas’ power grid after ice storms knocked …

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