Oil futures finished higher Tuesday, with U.S. benchmark prices settling at their highest since early March. Traders eyed disruptions to energy output in the Gulf of Mexico as Hurricane Laura looked to reach the U.S. Gulf Coast later this week. Weekly data on U.S. petroleum supplies are also due out late Tuesday from the …
While environmentalists have led legal challenges to many moves by the Trump administration’s EPA, some U.S. Senators, led by Sen. Jim Inhofe of Oklahoma, are using the same tactic in challenging Obama-era rules and regulations of methane emissions from oil and gas operations. In short, they’re turning the table on the Obama rules and …
Fort Worth-based FTS International, Inc., a fracking servicing firm said it plans to file chapter 11 bankruptcy protection and has reached a restructuring support agreement with its investors. The company said 64% of the secured debt claims and 75% of the holders of the firm’s senior secured notes agreed to the restructuring. FTS said …
Eleven months after The Blackstone Group said it was interested in selling its 41% stake in Houston’s Cheniere Energy, it has made the sale. One totaling an estimated $7 billion according to reports. In September 2019, as OK Energy Today reported, the private equity firm had 202 million shares in Cheniere, the company with …
American Airlines isn’t the only passenger transportation industry hit hard by COVID-19. So is Amtrak, a company reducing its Southwest Chief rail service across Kansas. It appears that in 2020, COVID-19 has done what no other threat could do in the nearly 50 years of operation of the Southwest Chief — reduce the frequency …
The extent of the impact at the airlines maintenance center in Tulsa isn’t known at this time, but American Airlines plans to eliminate 19,000 jobs in October because of the sharp downturn in travel as a result of the COVID-19 pandemic. Flight attendants will bear the heaviest cuts, with 8,100 losing their jobs reported …
The Interior Department plans to resume its auction of oil and gas drilling rights, the first since March, of more than 500,000 acres of federal land, including some in northwest Oklahoma. The sales will begin Aug. 26 and continue over the next six weeks reported Bloomberg Law. Environmental groups are calling the lease upcoming lease …
The EPA issued its first-ever approval of a product, SurfaceWise2, that kills the novel coronavirus for up to seven days after being applied to a surface. The electrostatic spray manufactured by Allied BioScience can now be used by American Airlines inside its planes and at orthopedic clinics — but only in Texas according to …
** Arena Energy, one of the largest offshore oil and gas companies operating in the Gulf of Mexico, has filed for bankruptcy protection, the latest casualty of the coronavirus-driven oil crash. ** In the biggest reshuffling in seven years, Exxon Mobil Corp, Pfizer Inc. and Raytheon Technologies Corp. were kicked out of the Dow Jones …
NextEra Energy Resources, the wind farm company with major operations throughout Oklahoma has decided to permanently close its nuclear power plant in Iowa following the Aug. 10 storm that caused millions in damages across the state. The Duane Arnold Energy center is Iowa’s only nuclear facility. “After conducting a complete assessment of the damage …
