After starting the week with a slight increase, crude oil prices in the US and in Europe suffered losses in Tuesday’s trading and many Oklahoma energy stocks followed suit. West Texas Intermediate crude for May delivery suffered a 94 cent loss to $62.44 a barrel in trading on the New York Mercantile Exchange. In …
The Chesapeake Energy Arena is being renamed following the emergence of Chesapeake Energy from its recent Chapter 11 bankruptcy. The Oklahoma City Thunder made the announcement Tuesday morning on its website stating it was focused on identifying a new long-term naming rights partner and in the interim, the building would continue to be called …
After the February storm hit Liberty Power hard in Texas, the company this week fired every one of its employees. The electricity retailer serves customers in nearly a dozen states and told workers to hit the door with not even a 60-day notice. Click here for Bloomberg News story.
What Oklahoma leaders proposed in softening the blow of exorbitant February natural gas prices to consumers has become law in Kansas. Gov. Laura Kelly signed legislation that not only extended consumers’ payments of the winter storm costs but also offered financial incentive for utility companies transitioning from coal plants to newer solar or wind …
Landowners in northern Missouri press their fight against the large Grain Belt Express transmission line that will carry wind-powered electricity from southwest Kansas to Illinois. They object to the project’s use of eminent domain and urge the Missouri Senate to join the House in passing a bill to prohibit the involuntary seizing of land. …
Oklahoma ranked 33rd in the sixth annual Clean Energy Jobs Report released this week, a report that also showed for the first time a drop in the number of overall jobs in the clean energy sector. The report showed Oklahoma had 22,765 workers employed in the sector as of 2020 with 3,199 in renewables; …
A southern Oklahoma wind farm is part of tech giant Amazon’s ramp-up of its renewable energy capacity around the world. The company announced this week the addition of nine new utility-scale wind and solar energy projects including a Murray County wind farm with 118 megawatts of power. It is one of several projects in …
** Exxon Mobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico. ** The Biden administration has removed Trump-appointed atmospheric scientist Betsy Weatherhead from her role overseeing a comprehensive report on how climate change …
Kansas City Southern, the railway with a 100-mile stretch of line in Eastern Oklahoma finds itself the target of a bidding war as Canadian National railway is making a $33.7 billion cash-and-stock offer for the railway. The bid is more than Canadian Pacific’s $25 billion cash-and-stock proposal made last month reported the Associated …
Energy Transfer is putting up a fight in federal court to keep open its Dakota Access oil pipeline, arguing the systems shutdown would be even more harmful than previously anticipated. Their arguments were made Monday in U.S. District Court of the District of Columbia after a key permit was scrapped. Energy Transfer contended that …
