Category: Oil & Gas

Energy updates

** A Shell refinery in Texas that caught fire last weekend malfunctioned at least four times since 2022, sparking criticism of a state law that relieves companies of liability for pollution events if they’re reported as accidents or emergencies. ** Dozens of Democratic lawmakers on Monday called on the Biden administration to consider the climate …

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Ovintiv announces results of annual meeting

  The results of the annual meeting of Ovintiv Inc. were announced this week. The meeting was held May 3 and included the election of nominees to the board of directors. Each director nominee listed in the Proxy Statement was elected as a director of the Company.  The results of the vote by ballot were …

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Oklahoma Corporation Commission makes temporary move

  A lot of changes are being made by the Oklahoma Corporation Commission as its headquarters at the Jim Thorpe Office Building undergoes millions of dollars in renovation. The commission is relocating the Oklahoma City office to the Will Rogers Memorial Office Building at 2401 N. Lincoln Blvd in the Capitol Complex. The agency intends …

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Nine Energy records $6 million loss in first quarter

  Houston’s Nine Energy Service, Inc., a company with operations throughout Oklahoma’s STACK play, reported a loss of more than $6 million in first quarter revenues but it didn’t surprise company President Ann Fox. “First quarter results were as expected, with revenue within our original guidance, “said Fox in a statement after the company shows …

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Helmerich and Payne leaders seek more investors

  Helmerich & Payne, Inc. leaders plan to be part of an investor conference this week and next. John Lindsay, President and Chief Executive officer along with Mark Smith, Senior Vice President and Chief Financial Officer and Dave Wilson, Vice President of Investor Relations will be part of a Citi 2023 Energy and Climate Technology …

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Congressional GOP leaders want investigation of Biden’s use of Petroleum Reserve

  Congressional Republican leaders are calling for the government to investigate President Biden’s depletion of the nation’s Strategic Petroleum Reserve. Leaders of the House Energy and Commerce Committee, Cathy McMorris Rodgers of Washington and Senate Energy and Natural Resources Committee ranking member John Barrasso of Wyoming made the request in a letter to the Government …

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Devon Energy reports record oil production in 1Q and steps up share buyback

  Not only did Devon Energy record operating cash flow of $1.7 billion in the first quarter, its oil production also reached an all-time high of 320,000 barrels a day during the period. It also decided to increase its share buyback by 50%. One of the highlights of the company’s oil production was its Exotic …

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Crude oil prices rose while OK energy stocks had a weak Monday

  Crude oil prices went up 2% in Monday’s trading but Oklahoma energy stocks recorded losses for the day, even after U.S. recession fears faded. West Texas Intermediate crude gained $1.82 per barrel or 2.6% to finish at $73.16 on the New York Mercantile Exchange. Global benchmark Brent crude rose $1.71 or 2.3% to close …

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Another pipeline crackdown launched by Biden administration

  Still more pressure from federal pipeline regulators is coming as the Biden administration launches a major crack down on natural gas leaks as it attempts to reduce methane emissions and reduce air pollution. Transportation Secretary Pete Buttigieg helped announce the new rules on Friday as yet another round fired in the climate change battle …

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Environmentalists sue to suspend natural gas operations of New Mexico energy company

  A lawsuit has been filed by a conservation group to force the federal government to bring an end to natural gas flaring by one energy company in New Mexico. The suit by WildEarth Guardians seeks to compel the Environmental Protection Agency to correct alleged flaws in the oil company’s operating permits for two of …

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