July 2023

Billionaire Harold Hamm Sees a Great Oil Fortune Still Untapped in U.S. Shale

The first thing that greets visitors entering the headquarters of billionaire Harold Hamm’s Continental Resources Inc. is a 9-foot-long statue of a snarling bull named Boe.Boe — short for barrels of oil equivalent — is an apt symbol for a veteran wildcatter who’s still betting big on more crude production in the US. Hamm is …

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Billionaire Harold Hamm Sees a Great Oil Fortune Still Untapped in US Shale

The first thing that greets visitors entering the headquarters of billionaire Harold Hamm’s Continental Resources Inc. is a 9-foot-long statue of a snarling bull named Boe.Boe — short for barrels of oil equivalent — is an apt symbol for a veteran wildcatter who’s still betting big on more crude production in the US. Hamm is …

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Oil Tycoon Harold Hamm Cuts Trump Support While Backing DeSantis, Haley

Harold Hamm, the billionaire wildcatter and major GOP donor, held a difficult phone call in May: He told his longtime friend Donald Trump that he didn’t think the former president could win the 2024 general election.That’s why Hamm hasn’t opened his checkbook for Trump in this campaign cycle, instead throwing his dollars behind other Republican …

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U.S. LNG Feed Gas at Record High in First Half as Freeport Restarts

 U.S. liquefied natural gas (LNG) export facilities brought in a record amount of natural gas in the first six months of this year after the Freeport LNG terminal returned to service, the U.S. Energy Information Administration (EIA) said on Monday. Natural gas delivered by pipeline to LNG export facilities, called LNG feed gas, averaged 12.8 …

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TC Energy begins re-pressurizing unaffected pipeline section in Virginia

Canada’s TC Energy began re-pressurizing part of its Columbia Gas Transmission Pipeline in Strasburg, Virginia that was not directly impacted by an unplanned incident last week, the company said late on Friday. On July 25, TC Energy declared a force majeure and isolated a section of its ‘Line VB’ pipeline in Virginia after detecting a pressure …

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Biden Proposes Stricter Fuel-Efficiency Standards for Carmakers

The Biden administration is pressing carmakers to sharply increase fuel economy by early next decade in a bid to cut gas usage and accelerate the country’s transition to cleaner or zero-emission vehicles.Under a proposal revealed Friday by the US National Highway Traffic Safety Administration, automobiles would reach an average of about 58 miles (93.3 kilometers) …

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