After fiery explosions shut down a chemical plant near Houston last year, the company that owns the facility is cutting about 100 jobs and plans to temporarily stop production at the site. The TPC Group Plant in Port Neches, Texas, will now be used as a transportation terminal and distribution center as it rebuilds the …
Phillips 66 has formed a 50/50 join venture with Trafigura Group Pte. Ltd to develop an offshore deepwater port project about 21 miles east of the entrance to the Port of Corpus Christi, Texas. Called the Bluewater Texas Terminal LLC, the port will be constructed by Phillips 66 and consist of up to two …
Evergy, Inc., the Kansas City and Topeka-based utility serving customers in Kansas and Missouri announced increased full-year 2019 earnings of $670 million or $2.79 a share….up from the $536 million and $2.50 a share reported for 2018. Fourth quarter 2019 earnings were $64 million or $0.28 a share,up considerably from the $19 million or $0.07 …
Some energy observers are speculating that what protesters and legal action have been unable to do in stopping development of the controversial Keystone XL pipeline, perhaps the economic conditions will be able to do. Weak oil demand and cheap alternative sources mean pipeline developer TC Energy should consider putting construction plans on pause — …
Tuesday will be a day for wind and solar energy advocates to make their case with Oklahoma legislators as the Oklahoma Power Alliance holds its Clean Energy Day. It’s a Lobby Day as the Alliance called it, where members and those supporters of wind and solar power can tell their story to legislators. The …
Oklahoma Congressman Tom Cole contends the U.S. response to the coronavirus is far from delayed as claimed by some Democrat critics of the Trump administration. And he points to actions taken by a subcommittee he chaired two years ago. Over the weekend, the Republican U.S. Representative offered a weekly video update where he discussed the …
The spread of the coronavirus has affected oil and gas markets as investors are selling off their industry shares. But not all oil and gas companies are seeing a downturn. On Friday, West Texas Intermediate crude futures plunged more than 6% before they recovered slightly. Futures on WTI were down 4.6% to $44.92 at midday, …
More than 50 oil and gas industry leaders including Harold Hamm of Oklahoma City-based Continental Resources responded to Democratic Presidential candidates and their criticism of the industry with a New York Times full-page advertisement. Bryce Conway, President and CEO of Weatherford-based Flex-Chem Corporation, an advertiser on OK Energy Today, also was among the 54 executives …
A federal judge in Idaho has cancelled more than $125 million in oil and gas leases on public lands that are home to the declining bird species greater sage grouse, a bird that once thrived in Oklahoma, in a ruling that said the Trump administration illegally curtailed public comment. The ruling doesn’t prevent the administration …
