Texas oilman B.J. “Red” McCombs died this week at his home in San Antonio. He was 95 and was equally known for the professional sports teams he owned over the years including the San Antonio Spurs, the Denver Nuggets and the Minnesota Vikings. Click here for Yahoo Sports
Category: Oil & Gas
Williams joins UN’s Methane Performance Initiative
Williams announced it has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the global initiative designed to improve the energy industry’s methane emissions reporting and to encourage progress in reducing those emissions. Joining OGMP 2.0 supports Williams’ next generation natural gas strategy to drive transparency and decarbonization of …
Identifying those deadly chemicals released in Ohio train derailment
While the Palestine, Ohio train derailment left the small city in fear over the harmful effects of the chemicals spilled into the incident, what exactly were those chemicals? We were told that they were hazardous materials used in the manufacture of plastics. The primary chemical released in the crash was vinyl chloride which is …
Brief energy highlights
** The Senate Environment and Public Works Committee will hold a hearing on the East Palestine derailment on an unspecified date in early March. ** Physical attacks on the power grid are likely to increase this year, according to a confidential industry analysis viewed by The Wall Street Journal, as attacks increased by 71% in …
Brent crude managed strong 1% gain in Monday’s trading
The Presidents’ Day holiday put a dent in oil prices on Monday but they still managed a 1% gain for the day, due to increased optimism over Chinese demand and continued production curbs by major producers. Global benchmark Brent crude rose $1.07 or 1.3% to settle at $84.07 a barrel on ICE Futures Europe.
Record earnings reported by Williams Cos.
Increased income for the quarter and all of 2022 was reported this week by Williams Cos. Adjusted net income was $2.228 billion or $1.82 per diluted share, an increase of 34% compared to 2021 announced the Tulsa company. Adjusted EBITDA was $6.418 billion, a gain of $783 million or 14% over the previous year. …
Whew! Oklahoma motorists got a gasoline price break
Rising gasoline prices took a break in the past week in Oklahoma and were flat, going up only one cent to a new average of $3.08 per gallon according to AAA. Nationally, prices were unchanged with an average of $3.41 per gallon and only two cents more than a month ago. Oklahoma’s average …
Potential of dangerous train derailments exists daily in Oklahoma
While the Norfolk Southern train derailment in Palestine, Ohio not only erupted into a massive and dangerous fire and chemical leak, it resulted in a political fireball too. Residents of towns and cities with rail tracks passing through are wondering….can it happen here? Consider the tankers that travel through Oklahoma on a daily basis …
News briefs
** Sen. Shelley Moore Capito of West Virginia, who represents a state with vast rural expanses and critical infrastructure needs, told The Hill that Transportation Secretary Pete Buttigieg’s “philosophical push for everything to be climate and politically correct” is at the center of issues that Republican lawmakers have raised. ** The American Clean Power Association contends …
Regulator calls for evaluator to be used in utility fuel cost cases
Oklahoma Corporation Commissioner Bob Anthony says it’s time the agency use a third-party evaluator to study the growing fuel costs of Oklahoma Natural Gas and other utilities seeking approval of increased charges to consumers. In a filing last week in the case of ONG’s Prudence Hearing on fuel adjustment costs, Anthony took note that …