** Phillips 66 executive management will host a conference call webcast at noon EDT on Friday, July 31, to discuss the company’s second-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
** Product Advisory notices have been sent to importers, Building Code Associations and Homebuilder Associations throughout the U.S. warning against the purchase or sale of substandard and unsafe plywood imported from Brazil. The distribution of the notices are the result of a motion for preliminary injunction filed on June 5 by ten U.S. plywood companies who make up the U.S. Structural Plywood Integrity Coalition.
** The movie-star look to SpaceX’s new spacesuits is just one of the innovative features the Crew Dragon astronauts enjoyed during the Demo-2 test flight to the International Space Station. NASA astronauts Doug Hurley and Bob Behnken were the first humans to wear the suits in space during their mission, which began May 30 with a flawless launch from Florida — the first human spaceflight from the region since the space shuttle program ended in 2011. And they give them a 5-star rating.
** Recent data show 722 companies sought bankruptcy protection around the U.S. last month, a 48% increase from the year-ago period. Chapter 11 filings also jumped in April and March, as states started imposing business restrictions amid theoutbreak.
** In connection with its expected emergence from Chapter 11, PG&E Corporation announced the selection of a new Board of Directors upon emergence to help guide the company post-bankruptcy. The new Board will consist of 14 members, 11 of whom are new and will be officially appointed to join the Board at or prior to emergence from bankruptcy and following required bankruptcy court submissions.
** Murphy Oil Corporation announced that Roger W. Jenkins, President and Chief Executive Officer, will present at the virtual J.P. Morgan 2020 Energy, Power & Renewables Conference on Wednesday, June 17, 2020 at 11:30 a.m. Eastern Daylight Time (EDT).
** Williams President and Chief Executive Officer Alan Armstrong is scheduled to make a virtual presentation at the J.P. Morgan 2020 Energy, Power & Renewables Conference on Wednesday, June 17, at approximately 8:50 a.m. Eastern Time (7:50 a.m. Central Time). A link to the live webcast will be available at www.williams.com on the morning of June 17.
** The U.S. Energy Information Administration forecasts a 25% drop in U.S. coal production this year.
** Illinois regulators have rejected a request by environmental groups to delay a decision on the Dakota Access pipeline expansion.
** Entergy Louisiana will purchase power from a new 500-acre solar farm in Baton Rouge, adding 50 MW of solar to its portfolio.
** A Houma, Louisiana, offshore oil and gas company lays off 105 workers due to the economic downturn.
** Heavy truck manufacturer Navistar International Corp. plans to start building its San Antonio plant on July 1, a hopeful sign for an economy that has shed thousands of jobs in the coronavirus-induced recession.
** Navajo activists outline the impacts they’ve seen since drilling activity began in the Chaco Canyon area in New Mexico.
** A federal judge stalls his order that Wyoming repay $47.5 million it received from two oil and gas lease sales in 2018, ruling the state can appeal his decision.