Friday was just not a good day for energy companies as they saw the value of their shares slide downward in trading. So the leaders of those Oklahoma energy firms will be looking for improvements on Monday. Here’s how some of the local stocks did. Alliance Resource Partners dropped 5 cents or nearly 2% …
Oil futures slipped a bit on Friday as rising COVID-19 cases in the U.S. and Europe heightened worries about demand for crude, but prices finished higher for the week, partly due to assurances from OPEC+ that it remains committed to production cuts. West Texas Intermediate crude for November delivery fell 8 cents, or 0.2%, to …
Kansas regulators plan a public hearing in November to receive input on electric rate options for those who use solar panels. The Nov. 5 virtual hearing will be at 6 p.m. and be held by the Kansas Corporation Commission. In September 2018, as part of a Westar (now Evergy) rate case, the Commission approved a …
Array Technologies, a New Mexico-based maker of solar tracking systems, launched onto the Nasdaq Global Market late last week, capping one of the biggest U.S. renewable energy IPOs of recent years. In listing its shares publicly, Array is riding two trends: growing demand for equipment that allows solar projects to squeeze out more power and …
Amazon will put 10,000 custom Rivian electric delivery vans on the road “as early as 2022,” the company said in a blog post last week revealing the design. Utility Dive reported the vans include sensor detection, a suite of highway and traffic assist tools, cameras to facilitate a 360-degree view around the vehicle, and multiple safety features …
The latest Baker Hughes Co. rig report showed Oklahoma’s count increased by two to 14. The number is still far below the 60 active rigs reported one year ago. Nationally, Baker Hughes reported an increase of 13 rigs to 282 including 12 more oil rigs to reach 205 and one more gas rig to …
The price wasn’t disclosed but Devon Energy in Oklahoma City confirmed it has put the historic Colcord hotel on the market, nine years after it bought the property next to its 50-story headquarters. Reporter Steve Lackmeyer with The Oklahoman reported the story over the weekend. Click here for the story.
Leaders of the Oklahoma Space Industry Development Authority have hopes of more development of the Spaceport located at Burns Flat in western Oklahoma. They talked about their plans in a Sunday article by reporter Dale Denwalt in The Oklahoman. Click here for the story.
Schlumberger reported its third quarter earnings declined 1% from the second quarter and 2% from a year earlier. Worldwide revenue was $5.3 billion while international revenue totaled $4.1 billion. Revenue in North America was $1.2 billion and fell 2% from a year ago. Schlumberger CEO Olivier Le Peuch said it showed notable progress in the …
Cheniere Energy, Inc. investors await news whether they will continue seeing increased earnings in the third quarter as the Houston-based company will release its earnings report Nov. 6, 2020. Cheniere, leading producer and exporter of liquefied natural gas in the United States and a company with a major natural gas pipeline from Oklahoma’s STACK …
