If city leaders in Beaumont, Texas give their approval, a new $1 billion facility to produce renewable gasoline out of woody biomass. Arbor Renewable Gas is asking the city for permission to create a special reinvestment zone to build its operation reported KBMT TV. Click here for KBMT story.
Chesapeake to make enhanced environmental stewardship
Oklahoma City-based Chesapeake Energy Corporation is making another major step in making sure its natural gas production is socially and environmentally responsible. The company announced a new collaboration with MiQ and Equitable Origin to begin independent certification of its natural gas production under the MiQ methane standard and the EO100TM Standard for Responsible Energy Development, which …
Unit Corporation announces share repurchase program
Tulsa’s Unit Corporation announced that its board of directors has authorized repurchasing up to $25 million of its outstanding common stock. The repurchases will be made through open market purchases, privately negotiated transactions, or other available means. The Company also announced that its long-term debt as of June 30, 2021 was $35 million. Philip …
Panama and Energy Transfer to study development of LPG assets in Panama
The Republic of Panama and Dallas-based Energy Transfer LP announced that the parties have signed a Memorandum of Understanding to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project. The non-binding MOU signed this week in Dallas by Energy Transfer Executive Chairman Kelcy Warren and Panama President Laurentino Cortizo Cohen …
Energy news in brief
** Limetree Bay Refining LLC filed for bankruptcy on Monday seeking creditor protection after the U.S. Environmental Protection Agency halted its operations earlier this year. The St. Croix, U.S. Virgin Islands-based refinery, said in a statement that it plans to use the court protection process in Houston to negotiate with creditors and equity holders and weigh …
Crude oil clings to $75 a barrel price despite slipping on Wednesday
Worries about China’s first-half crude imports dropping along with concerns over supplies as the world recovers from the coronavirus pandemic led to yet another slip in crude oil prices on Wednesday. In the US, West Texas Intermediate crude for August delivery fell 13 cents or 0.2% and finished the day at $75.12 a barrel. Global …
Political opponent joins effort to remove Corporation Commissioner
Former Libertarian candidate for Corporation Commission Todd Hagopian filed a friend of the court motion this week in the lawsuit seeking to remove Todd Hiett as Corporation Commissioner in a challenge over a conflict of interest. Hagopian’s Amicus Curaie brief was in support of former Rep. Mike Reynolds who filed suit with the Oklahoma …
Quarterly dividend announced by ConocoPhillips
ConocoPhillips announced Tuesday a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021. The dividend followed the company’s first quarter 2021 earnings report in May totaling $1 billion or 75 cents a share. The $1 billion compared with …
Mayors want congress to focus on climate change
The mayors of more than 140 cities across the U.S. called on congressional leadership this week to push for aggressive climate measures in their infrastructure legislation. The leaders of the nation’s 10 most populous cities were among the signees of a letter to Democratic and Republican leaders of the Senate and the House, but …
Space Development Authority to meet Wednesday
A regular monthly meeting of the Oklahoma Space Industry Development Authority will be held Wednesday at the state Department of Transportation headquarters in Oklahoma City. The meeting begins at 1:30 p.m. and can be viewed remotely. https://video.ibm.com/channel/RG5BGejedSk Below is the agenda: ITEMS TO BE PRESENTED BY OSIDA CHAIR – BAILEY J. SIEGFRIED CALL TO …