2020 archive

API leader contends elections were a victory for energy industry

  “When you dig deeply into the House and Senate results, this election was actually an overwhelming victory for U.S. energy leadership and the millions of jobs and economic benefits our industry provides.”   As the old saying goes, “when life gives you lemons, make lemonade.” And that’s apparently what the leader of the American …

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Improved 3Q losses reported by Key Energy Services

Key Energy Services reported an adjusted nearly $4 million or 28 cent a share loss in its third quarter, an improvement over the previous quarter. But the adjusted loss totaled more than $10 million. The Houston-based company, one with a major field office in El Reno, Oklahoma reported the net loss of $3.9 million compared …

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Emissions rollback leads to another court fight

  The Environmental Protection Agency’s rollback of leak detection and repair requirements for the oil and gas industry took effect on Monday But the rollbacks were also met by a legal move from environmental groups seeking a federal court order to block some of them. Led by the Environmental Defense Fund, 10 other health and …

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FERC nominations to be decided by US Senate Committee

  Two nominations to the Federal Energy Regulatory Commission could be decided in part this week when they go before the U.S. Senate Energy and Natural Resources Committee. It could determine whether Republicans maintain control of FERC. The vote comes after the Trump administration removed Neil Chatterjee as chair of FERC and replaced him with …

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Progress reported on Four Corners Solar farm

  The company behind plans to create a more than 1,300 megawatt solar operation in the Four Corners area of New Mexico and Colorado contends it is making progress on the project. Photosol US is a subsidiary of a leader solar provider based in Friday and its leaders say they are making advancements for their …

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Wind turbine maker closes Colorado plant

  A northern Colorado manufacturer of composite materials for wind turbines shut down operations this month. Hexcel Corp. closed the plant in Windsor and the impact of COVID-19 might have played a role. The Greeley Tribune reported the announcement came as nationwide wind turbine sales dropped more than 40%. Click here for the Greeley Tribune …

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Colorado ski customers get an EV choice

  Those EV charging stations are reaching even ski resorts in Colorado. One was recently installed in the ski town of Fraser located just north of the Winter Park ski site. Click here to read more from Skyhinews.com.

Energy news in brief

** A $30 million collaboration between Smithfield Foods and Dominion Energy is billed as the largest swine waste-to-energy project in North Carolina, but its details have been kept secret, even from state regulators reported the NC Policy Watch. ** The Corsicana Daily Sun reported thatTexas county commissioners approve a tax abatement for a 200 MW solar farm. ** A decommissioned …

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Baker Hughes ventures into other business

  Baker Hughes takes a step to expand its business operations outside the oil and gas industry, by partnering with the world’s largest fastener company. Its new partner is Wurth Industry North America which is a subsidiary of Germany-based Wurth Group. The new partnership will result in the design, manufacturing and 3D printing services to …

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Price of drilling rights in Permian Basin dropped 67% in 2 years

  The price to drill in the Permian Basin of West Texas and New Mexico, the biggest and highest producing oil region in the U.S. has tumbled as the COVID-19 pandemic continues pummeling the oil and gas industry. Bloomberg reported that drilling rights plunged an estimated 67% compared to two years ago. In recent months, …

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