Oil prices rose Thursday following news that a U.S. Navy ship had shot down an Iranian drone in the Strait of Hormuz. Brent crude went up 0.9% at $64.24 a barrel while West Texas Intermediate futures were 0.6% higher at $57.1`2 a barrel. Observers say the steep increase in oil prices underscores the sensitivity of …
Cheniere Energy, the Houston firm building a huge natural gas pipeline from Kingfisher, Oklahoma south to the Gulf Coast plans to issue its earnings report for the second quarter 2019 on Thursday, Aug. 8, 2019. The report will be released prior to the opening of the market. Company management will host a conference call for …
The International Oil and Gas Compact Commission warns its early bird registration discount expires next week for its 2019 annual convention to be held in North Dakota. The early bird registration discount will expire on July 26, 2019 . After July 22, 2019 the IOGCC stated it can no longer guarantee hotel room availability or the IOGCC Annual Conference group …
The proposed relocation of the national headquarters of the Bureau of Land Management from Capitol Hill to Grand Junction, Colorado is raising questions—even by some in Colorado. POLITICO’s Morning Energy Report found the local newspaper wonders about the move and how much of an impact it might have on Grand Junction. LOWERING THE BOOMTOWN: A mere …
An accident at the Phillips 66 Ponca City Refinery injured 7 persons this week and remains under investigation. It happened Tuesday afternoon around 1 o’clock when the company stated that a “unit upset” occurred “resulting in a brief release of catalyst which is used in the refining process.” “After the release, seven individuals from the …
In California, there have been two significant events in the past several days related to the state’s oil and gas industry. Last week, Gov. Gavin Newsom fired the state’s top oil regulator after learning that fracking permits had doubled without his knowledge since he became governor. He took the action after also learning that some …
Delegates attending the National Corn Growers Association’s Corn Congress have voted in support of a measure to urge President Trump to uphold his commitment to America’s farmers and the Renewable Fuel Standard. “We, the assembled voting delegates of the National Corn Growers Association, ask President Donald Trump to uphold his commitments to protect the RFS …
Oklahoma U.S. Sens. James Lankford and Jim Inhofe were joined by a handful of other Senators in writing Interior Secretary David Bernhardt to express concern about the decision-making process for listing the Lesser Prairie Chicken under the Endangered Species Act. They were joined by Senators Cory Gardner of Colorado, Pat Roberts of Kansas, Jerry Moran …
A second-quarter 2019 cash distribution of 85 cents has been declared by the board of directors at Phillips 66 Partners LP. The $0.855 per common unit dividend was an increase of one cent from the first quarter of 2019, It is also the 23rd consecutive quarterly increase since the 2013 initial public offering by Phillips …
Oklahoma Gas and Electric Company will provide $70,000 to help fund teachers’ energy efficiency projects for the 2019-2020 school year. Funding for qualifying projects will be provided through DonorsChoose.org, a crowdfunding platform for educators. Beginning Aug. 1, the company will provide up to $500 for projects that promote or teach energy efficiency and/or projects requesting …
