ConcoPhillips concludes sale of holdings in Timor Sea

  ConocoPhillips says it’s wrapped up its $350 million sale of its holdings in the Timor Sea. The government of Timor-Leste bought the firm’s 30 percent interest in the Greater Sunrise Fields. “We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, executive vice president and chief operating officer. “ConocoPhillips …

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Tinker Air Base projects up in air while Congress leaves town

Members of Congress have left Washington, D.C. on a two-week break without taking action on storm repairs to Air Force Bases, thereby endangering construction projects at Oklahoma’s Tinker Air Force Base. The Air Force indicated in March it needed $5 billion dollars over three years to repair flood and storm damage to Offutt Air Force …

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Members of Congress ask President not to grant oil exceptions for Iran

Oklahoma’s Representatives were not among them, but more than 30 House members sent a letter to President Trump urging him to keep up the pressure on Iran and not to renew exceptions for the import of Iranian oil. House Republican Conference Chair Liz Cheney led the effort in sending the April 12 letter. “Your maximum …

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State regulators to meet Tuesday

The request of OGE for a fuel adjustment from the year 2017 will be considered Tuesday by the Oklahoma Corporation Commission. The request, noted at No. PUD 201800084 was filed last fall and on Tuesday, the Commission will review the recommendations of Brandy Wreath, Director of the Commission’s Public Utility Division. By law, there must …

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Stormy weather in Oklahoma predicted for Wednesday

Spring severe weather is in the forecast this week in Oklahoma and that means energy workers, whether they’re on an oil rig, wind farm or coal mine should be alert. Most of the state will feel the impact of possible storms as a cool front triggers activity. As State Climatologist Gary McManus put it in …

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Money managers remain optimistic about oil prices

The optimism by money managers is still strong when it comes to betting on what will happen to oil prices in the U.S. and abroad. Here’s how Bloomberg News reported it: Oil optimists pushed bullish wagers to a six-month high as the rally in prices continued. Money managers raised optimistic wagers on Brent crude for …

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EPIC wins federal approval for a new oil pipeline in the Permian Basin

For energy companies such as Devon and others from Oklahoma, relief from the inability to move more oil out of the Permian Basin might be coming soon. The Federal Energy Regulatory Commission has given the go-ahead for the EPIC Crude Pipeline LP’s new 900,000 barrels a day line to Corpus Christi, Texas. EPIC indicated it …

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OGE to release quarterly earnings report May 2

  OGE Energy Corp. will hold its quarterly conference call May 2 to discuss the first quarter 2019 results. The call will be held at 8 a.m. Oklahoma time and it will be webcast at the company’s website, www.ogeenergy.com. At the end of the 4th quarter of 2018, OGE reported earnings of $2.12 per average …

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Gasoline prices jump again in Oklahoma reaching new statewide average of $2.59 a gallon

Gasoline prices jumped another 7 to 8 cents a gallon across the state this week with a new average price of $2.59 a gallon. A week ago, Oklahoma’s average was $2.51 a gallon, according to AAA Oklahoma. The national average rose to $2.83 a gallon. Cities such as Lawton and Tishomingo have the lowest average …

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Sen. Inhofe goes after “activist” states that use Clean Water Act to block energy projects

Oklahoma U.S. Sen. Jim Inhofe is trying to get legislation to stop what he calls “activist” states from abusing the Clean Water Act in blocking some energy projects such as gas lines in the Northeast. He and Sen. John Barasso of Wyoming, chairman of the Senate Committee on Environment and Public Works have introduced an …

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