It took more than two years to create and now a year after the city of San Antonio, Texas passed a pledge to do its part to stop the effects of global climate change, the city has been told its plan is unworkable. It was October of 2019 when the city adopted the Climate …
Engineering Boeing won a $40 million contract modification for KC-46 engineering, manufacturing, and development. The new refueling tanker is based at McConnell Air Force Base in Wichita, Kansas but Tinker Air Force Base recently received its first KC-46 Pegasus. Altus Air Force Base received its first several months ago as crews receive their training there. While Boeing …
Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels. The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 positions by the end of 2022, potentially affecting more than 10% of its workforce. The total includes 1,500 people who have volunteered to …
Florida-based NextEra Energy Transmission, LLC, a subsidiary of NextEra Energy, Inc., will acquire Dallas-based GridLiance Holdco, LP and GridLiance GP, LLC for approximately $660 million, including the assumption of debt, according to joint press releases issued on Tuesday by both companies. “GridLiance partners with electric cooperatives and public power utilities to enhance transmission system reliability and …
Oklahoma’s Kiamichi Railroad was awarded a $10 million federal grant by the U.S. Department of Transportation to fund improvements. In a story published Tuesday by Randy Ellis of The Oklahoman, the award will pay half of the project cost with the rest funded by the railroad owner. The project includes replacement of approximately 23 miles …
Max Midstream announced the acquisition of the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun to connect the Port directly to both Eagle Ford and Permian Basins to transport up to 20 million barrels a month to a revitalized terminal at the Port. Exports will begin with completion of the …
The Oklahoma Incentive Evaluation Commission has scheduled a special virtual meeting for Thursday, October 1, 2020 at 10:00 a.m. The IEC will receive an update on the Year Five 2020 incentives by Randall Bauer of PFM Group Consulting LLC. Bauer will discuss the following economic incentives and related recommendations: Five Year Ad Valorem Tax Exemption …
Marathon Petroleum Corp , the largest U.S. oil refiner, began cutting jobs on Tuesday across the company, according to people familiar with the matter, as the COVID-19 pandemic sapped demand for motor fuels. U.S. refiners have posted large losses this year as fuel consumption tumbled amid lockdowns and work-from-home policies to combat the spread of …
Oil prices dropped to a two week low in Tuesday’s trading and Oklahoma energy stocks followed suit in many instances. Alliance Resource Partners dropped more than 2% or 6 cents a share to settle at $2.79. Blueknight Energy Partners saw a more than 8% increase or 12 cents to reach $1.59. Chesapeake Energy dropped nearly …
Oil futures fell sharply on Tuesday, sending U.S. and global benchmark crude prices to their lowest finish in two weeks. West Texas Intermediate crude for November delivery fell $1.31, or 3.2%, to settle at $39.29 a barrel on the New York Mercantile Exchange, after gaining 0.9% on Monday. Front-month November Brent lost $1.40, or 3.3%, to …
