March 11, 2021 archive

Rep. Mullin says Demos climate bill will make US energy dependent

  Oklahoma Congressman Markwayne Mullin admits he’s concerned the recently unveiled climate plan by Democrats in the House will turn the country’s energy independence into “energy dependence” and because of their power on capitol hill, it will also likely happen. He believes Democrats pushing the Climate Leadership and Environmental Action for our Nation’s Future act …

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ConocoPhillips resumes repurchase program

  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. “It’s still early in the new year, but commodity prices have strengthened …

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Blueknight Energy reports $29 million 4Q loss

Blueknight Energy Partners, L.P. reported a fourth quarter 2020 net loss of more than $29 million but also indicated that since the end of the year, it had managed to slash its company-wide debt by nearly $153 million. The Tulsa firm’s net loss for the quarter was $29.2 million compared to a net income of …

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Oklahoma’s first Zipper Merge coming to I-35 in Pauls Valley this week

  Drivers on I-35 in southern Oklahoma should get ready to “zip” when merging to help improve safety and efficiency in a busy work zone in Garvin County. The Oklahoma Department of Transportation said that beginning this week, speed sensors in the work zone where I-35 narrows to one lane at SH-19 (mm 72) in …

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Lankford targets Russia’s Nord Stream II pipeline

  Senator James Lankford (R-OK) joined John Barrasso (R-WY) and a group of 40 senators to send a letter this week criticizing the Biden Administration for failing to follow the law and impose sanctions on entities involved in the Nord Stream II pipeline. The Nord Stream II pipeline would carry natural gas from Russia to Germany via the …

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