The popular outdoor gear manufacturer North Face has refused to make jackets for a Texas oil and gas firm because of its stand against fossil fuels. KOSA TV in Odessa reported North Face denied the order requested by Innovex Downhole Solutions. Click here for the KOSA story.
Oil and gas drillers around Boulder, Colorado will have to deal with a new 2,500 foot setback rule adopted this past week by County Commissioners. The new rule applies to future oil and gas well pads in unincorporated parts of the county and requires sites to be 2,500 feet from any residential dwelling, school …
** D.E. Shaw & Co. has built a sizable position in Exxon Mobil Corp. and is calling on the company to cut spending to improve performance and maintain its dividend, according to people familiar with the matter. ** Chevron Corporation CVX recently announced that it has temporarily closed down a separating unit at the offshore processing platform of …
Forty-seven Republicans in the U.S. House warned the Federal Reserve chairman against moving ahead with climate risk regulations for the banking system. Oklahomans in the House did not join in the letter to Jerome Powell, chairman of the Board of Governors of the Federal Reserve System. The lawmakers expressed their concerns about a growing …
Thursday was a good day for Oklahoma energy stocks and four saw outstanding performances after crude futures in the US and overseas saw 3% gains. West Texas Intermediate crude for January delivery was up $1.26 and finished at $46.78 for a gain of 2.77% Global benchmark Brent Crude for February delivery finished up $1.57 at …
Chesapeake Energy has run into a fight with its Chapter 11 reorganization plan as it is not only opposed by the Royalty Owners Committee but also by the Federal Energy Regulatory Commission. FERC does not want the Federal Bankruptcy Court in the Southern District of Texas to have “exclusive jurisdiction” since it would preclude …
The US rig count in the past week increased by six, reaching a total of 406 according to the data analysis firm Enverus based in Austin, Texas. The company’s daily tracking of rigs by its Rig Analytics Division showed the count is up 9% in the past month, but still down 51% compared to …
Enel Green Power, operator of ten wind farms in Oklahoma announced it has partnered with North Oklahoma College in Tonkawa to restart a wind turbine technician program at the school. At the same time, Enel established a scholarship in memory of a colleague to enable students to pursue a wind energy career. Thirteen students are …
** Indian Oil Corp, India’s top refiner, operated of its 9 plants in November at 100% capacity for the first time since February, to meet rising local fuel demand, it said in a statement on Thursday. ** Energy producer Dominion Energy and U.S. food processor Smithfield Foods said on Wednesday they have completed a renewable natural gas …
Already with wind farms in Texas, Kansas and Nebraska and across the U.S., Amazon announced Thursday its latest projects would make it the largest corporate buyer of renewable energy in the world. The company announced its backing of 26 new wind and solar utility projects around the globe. The firm’s investment in the projects …
