Oil futures made their first gain in four sessions in Tuesday’s trading and analyst attributed the increase to a rise in the U.S.manufacturing index in August. The increase in the index lifted expectations for energy demand as West Texas Intermediate crude for October delivery rose 15 cents or 0.4% to settle at $42.76 a …
Tuesday’s trading resulted in a mix for oil and gas and other energy firms with connections to Oklahoma. Some were up. Others saw declines in their shares. Alliance Resource Partners dropped 2 cents for a 0.60% decline to $3.31 a share. Chesapeake Energy fell 6.39% or 26 cents to $3.74. Continental Resources dropped a dime …
It took 10 months but the Tulsa Public Schools recently completed efforts to safely dispose of unwanted, outdated and hazardous chemicals from laboratories across the school district. Working with the Oklahoma Department of Environmental Quality and its School Chemical Disposal Program, the school district started disposing of the old chemicals in November of 2019. …
Schlumberger sold its fracking unit to Denver-based Liberty Oilfield Services. In an announcement this week, the two companies said they were combining hydraulic fracturing operations to form a combined company. The two announced they reached an agreement in which Schlumberger contributes its onshore hydraulic fracturing business in the U.S. and Canada to Liberty in …
Energy Transfer says it has completed its Lone Star Express Pipeline expansion project in Texas. The company said the line adds more than 400,000 barrels a day of Natural Gas Liquids to its existing system which was delivered on budget and ahead of schedule. The new 352-mile, 24-inch pipeline originates in Winkler County, …
The Army Corps of Engineers has started an evaluation of whether to allow the Dakota Access Pipeline to continue operations following a federal judge’s revocation of the line’s easement. A lengthy environmental review was launched this week according to the Bismarck Tribune. Click here to read the story.
** Detroit-based GM is transitioning its Corvette engineering team, which contains some of the company’s most elite talent, to the electric and autonomous vehicles development team, reports InsideEVs. ** As demand for e-commerce rises, so too does demand for electric delivery vehicles from giants including Amazon, FedEx, and UPS, according to the Chicago Tribune. Midwest EV truck startups Bollinger Motors, Rivian, and Workhorse are named …
Hurricane Laura was blamed for the jump in national gasoline prices and prices at the pump also rose in Oklahoma, reaching a statewide average of $1.93, up from the $1.89 average a week ago. The national average as of Tuesday was $2.23, up from the $2.19 average a week earlier. Gasoline prices in Oklahoma …
SandRidge Energy, Inc. announced the closing on the $35.4 million sale of the company’s 30-story office tower and annex with parking in downtown Oklahoma City. It also stated the sale should affirm the company’s ability to survive in the oil and gas crisis as a result of the COVID-19 pandemic. “The company …
Cheniere Energy says its Sabine Pass Liquefaction operation and pipeline assets were not heavily damaged by Hurricane Laura. After a comprehensive assessment, the company has started to restart LNG production at Sabine Pass. The company also announced a pledge of $1 million to local groups supporting hurricane relief efforts. “Most importantly, all of our employees …
