Shareholders of Exxon Mobil Corp and Chevron Corp said a resounding “no” this week to calls for more climate-related plans. In other words, they resisted pressure from some investor groups that wanted the giant energy firms to follow the same “green” path taken by some energy companies in Europe. Reuters reported in some cases, …
Category: Oil & Gas
OGE asks for rate increase to replace power generation units at Horseshoe Lake power plant
Oklahoma Gas and Electric Company (OG&E)Wednesday asked for approval from the Oklahoma Corporation Commission (OCC) of its plans to replace two aging power generation units at the Horseshoe Lake Power Plant in eastern Oklahoma County with more efficient units that will deliver increased reliability, improved efficiency and operational flexibility, and lower emission rates, all …
Another day of losses for crude oil and Oklahoma energy stocks
Another day and another drop in crude oil prices and Oklahoma energy stocks. Crude oil dropped around 2% for a second day this week, thanks to a stronger U.S. dollar and weak information from top oil importer China. West Texas Intermediate crude fell 2% or $1.37 a barrel to close at $68.09 on the …
Macquarie Energy disputes some of Kansas Attorney General’s price manipulation claims
The natural gas company sued by Kansas Attorney General Kris Kobach and accused of price manipulation during the 2021 Winter Storm Uri takes issue with some of his claims. As reported this week by OK Energy Today, the lawsuit by the state of Kansas against Macquarie described the Houston company as being a wholly …
Study says clean energy jobs will replace oil and gas employment
A new study is out with what some critics might call a preposterous claim that Oklahoma and other oil and gas states stand to gain hundreds of thousands of jobs in the clean-energy sector as the US moves to a net-zero economy. The claim says total employment in the nationwide US energy sector could …
Wynnewood refinery explosion claims life of worker
The funeral for a 43-year old worker who died following last week’s explosion and fire at the Wynnewood Refinery in southern Oklahoma will be held Thursday. Wes Foster suffered third-degree burns covering 93% of his body and died Friday evening at a hospital in Plano, Texas where he had been rushed following the May …
Third Biden nominee withdrawn—one opposed by oil and gas groups
Somewhere enroute to running the National Highway Traffic Safety Administration, President Biden’s nominee ran off the road. The nomination of Ann Carlson was unexpectedly withdrawn Tuesday night after some major farm groups came out against her because of her comments in support of the EV industry and plans to pursue controversial vehicle economy standards. Every …
Some wonder if Icahn’s empire is crumbling
Ever since the New York firm Hindenburg Research released a report accusing Icahn Enterprises L.P. of a “Ponzi scheme,” the debate and discussion have grown whether billionaire Carl Icahn could be seeing his empire falling apart. After all, he has lost billions of dollars since the report was published. Or is the speculation just …
Oil giant Total announces plans for synthetic gas plant in the U.S.
A site hasn’t been identified, but French energy giant Total announced this week it is planning to build a $2 billion synthetic gas plant somewhere in the U.S. The decision is considered a blow to Europe’s green energy hopes and plans. According to the announcement, Total will develop the project jointly with Belgian start-up …
Energy short reads
** Sen. Joe Manchin (D-W.Va.) on Tuesday said he “absolutely” thinks Congress will quickly pass the legislation crafted by the White House and House GOP leadership to address the debt ceiling, even as the plan faces opposition on both sides. ** Ørsted A/S, the world’s largest developer of offshore wind farms, has agreed to pay …
