** U.S. climate envoy John Kerry on Tuesday urged China to resume bilateral talks to avert a global warming crisis, and called on world leaders to speed up their energy transition away from fossil fuels. ** The US is on track to hit ambitious emissions-reduction goals following recent climate legislation that encourages investment in green technology, Treasury …
New director joins Ovintiv’s board
Ovintiv Inc. announced that Ralph Izzo has been named as an independent member of its Board of Directors, effective September 6, 2022, and that Bruce Waterman will retire from the Board of Directors effective December 31, 2022. While Ovintiv is a Denver-based company, it has extensive drilling operations throughout Oklahoma. Izzo, 64, currently serves as the Executive Chair of …
Amazon shut down solar rooftops following fires
Amazon confirmed it temporarily shut down rooftop solar panels on its nationwide fulfillment centers like the one in Oklahoma City with more than 11,000 solar panels. The shutdown came after fires occurred at some of the centers in other parts of the U.S. The Oklahoma City center, with 2 million square feet of operating …
Hydrogen plant proposed by ConocoPhillips and Japanese firm
ConocoPhillips is joining forces with Japan’s largest utility, JERA to create a U.S. hydrogen gas project somewhere along the Gulf Coast. ConocoPhillips, one of the largest U.S. independent oil producers will provide the natural gas and manage the proposed carbon capture and storage site according to a report by Reuters. Click here for Reuters …
Here are some of the latest producing wells in Oklahoma
Completion reports recently filed in Oklahoma show oil producers are still busy with their exploration projects. Camino Natural Resources LLC reported completions of two wells on a single pad in Canadian County. The two wells are located at 25 12N 7W or about 3 miles southeast of the city of El Reno. The Black Kettle 1207 25-36-2mxh, …
Rural water projects focus of ARPA funds
A joint Oklahoma legislative committee has recommended $12 million in funding for a handful of water improvement projects. The recommendations of the Joint Committee on Pandemic Relief Funding will be considered when the full legislature convenes in 2023. Funding is under the American Rescue Plan Act or ARPA. Among the projects approved is $12 million …
Will Friday’s weak gain in crude oil prices grow this week?
Oil prices managed a weak improvement on Friday, ahead of the OPEC+ meet where output cuts were to be discussed. Investors also remained nervous about the massive COVID-19 shutdowns in China along with the growing weakness of the global economy. West Texas Intermediate crude for October delivery rose 26 cents to close at $86.87 …
TC Energy faces another pipeline fight
First its Keystone XL pipeline project was killed by President Biden on the first day he took office and now developer TC Energy Corp. is in the middle of a fight over another pipeline project. Three states are attempting to block the Canadian company’s pipeline aimed at carrying Canadian natural gas to customers in …
EPA switches stance on Trump-era approved offshore project
Developers of a proposed offshore oil export terminal project near Corpus Christi, Texas were handed a setback by the Environmental Protection Agency. The EPA denied a permit for the project claiming it would allow massive pollution. The denial came after the same agency, in the Trump administration had okayed the project reported the Corpus …
Newfield loses North Dakota Supreme Court case
The Supreme Court in North Dakota overturned a lower court ruling that was in favor of Newfield Exploration, a Texas firm that had been accused of underpaying royalties. It’s a decision that could eventually mean millions more to the state’s public schools reported the Associated Press. Click here for AP
