The FBI is investigating at least 41 incidents of railway sabotage in Washington state in the year and a half—sabotage that has resulted in derailed trains carrying crude oil. Many of the suspected terrorist attacks involve environmental activists who joined forces with Native American tribes reported the Guardian. Click here for Guardian story.
Category: Oil & Gas
Another increase in crude oil prices
Crude oil prices rose in Wednesday’s trading and finished near $75 a barrel following word that U.S. crude inventories fell more than analysts had predicted. Global benchmark Brent crude for September delivery finished up 26 cents or 0.4% and settled at $74.74 on ICE Futures Europe. West Texas Intermediate crude for September delivery rose …
Dividend declared by Williams
Williams’ board of directors has approved a regular dividend of $0.41 per share, or $1.64 annualized, on the company’s common stock, payable on Sept. 27, 2021, to holders of record at the close of business on Sept. 10, 2021. The dividend is consistent with the second-quarter 2021 dividend and is a 2.5% increase from …
Ovintiv reduces debt and increases dividend in 2Q report
Ovintiv released its second quarter 2021 earnings report showing $750 million in cash generated from operating activities, a more than $1 billion reduction in debt and a 50% increase in its quarterly dividend payment. “Our track record of free cash flow generation continued in the second quarter with another $350 million of free cash, bringing us …
Energy news in brief
** In a major step against climate change, President Joe Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years. He’s then aiming for even tougher anti-pollution rules after that to forcefully reduce greenhouse gas emissions and nudge 40% of U.S. drivers into electric vehicles by decade’s end. ** A lawsuit led by …
Anschutz Corporation moves ahead with major Wyoming wind farm
Colorado-based oil giant Anschutz Corporation is building a 732-mile direct current transmission line to carry power from its proposed Wyoming wind facility to California power users. TransWest Express LLC announced this month it had obtained nearly all of the necessary permits, permissions and partnership needed to begin seeking customers for the high voltage power line …
2 dead, 30 injured in chemical leak at Texas plant
An investigation is underway into the acetic acid leak that left two dead and 30 more injured at a chemical plant about 25 miles east of Houston. An estimated five tons of acid leaked at the LyondellBasell in La Porte, Texas around 7:35 Tuesday night. Of the 30 injured, one person reportedly suffered serious …
Haaland defies federal judge’s ruling on oil and gas leases
Interior Secretary Deb Haaland had some explaining to do this week when she went before Oklahoma U.S. Sen. James Lankford and others on the Senate Energy and Natural Resources Committee and she didn’t do a very good job of it. It was revealed during the hearing that Haaland has failed to follow the ruling …
Oil and gas firms continue their exploration in Oklahoma
Oil and gas firms are planning more drilling in Oklahoma’s STACK as well as the southern and eastern parts of the state. Drilling permits were issued this week to Black Mesa Energy LLC which will drill the JEWELL 13-12-1S-3W #SXH1, which is northeast of Ratliff City in Carter County. The legal description is 13 1S …
Improved 2Q revenues for National Oilwell Varco
NOV Inc. reported second quarter 2021 revenues of $1.42 billion, an increase of 13 percent compared to the first quarter of 2021 and a decrease of five percent compared to the second quarter of 2020. Net loss for the second quarter of 2021 was $26 million, or 1.8 percent of sales, which included pre-tax net charges …