Chevron Corp will lay off about 25% of Noble Energy’s employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday. A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off …
The 10th U.S. Circuit Court of Appeals recently affirmed workplace safety citations against Wynnewood Refining Co. LLC following an oil refinery explosion in 2012 resulting in the deaths of two workers, according to an article published by Business Insurance. The incident arises from alleged safety violations at the Wynnewood, Oklahoma oil refinery where workers were …
Hurricane Zeta made landfall in southeast Louisiana on Wednesday afternoon and and battered the storm-weary state with high winds, deadly storm surge and torrential rain. The National Hurricane Center reported that the hurricane’s eye moved onshore near Cocodrie, La., around 4 p.m. CDT with 110 mph winds, making it a top-end Category 2 hurricane. Zeta …
Crude oil futures finished lower on Wednesday as investors weary over an uptick in global coronavirus infections which may lead to further disruption within a fragile economic environment. West Texas Intermediate crude spiked before settling at $39.00 a barrel on the New York Mercantile Exchange. Brent crude futures rose to $41.00 per barrel earlier in the …
As losses continue to rapidly rise due to decreased revenue associated with the pandemic, Boeing Co. announced that it will cut an additional 7,000 jobs in order to shore up lower demand for new aircraft, according to an article by the Associated Press. The company said that when retirements and other employee departures are included, …
Tulsa-based ONEOK, Inc. announced its third quarter 2020 financial results showing an increase of 14 percent in operating income. This amount represents a whopping 55% increase in operating income compared with 2Q 2020 results, according to a company press release. The company said its net income for the quarter was $312.3 million or 70 cents …
The Center for Digital Government announced the results of its 2020 Digital States Survey, a biennial evaluation of the technology practices of all 50 states. Oklahoma maintained its B grade evaluation based on quantifiable results of the state’s use of technology to improve service delivery, increase capacity, streamline operations and achievement of policy goals. Since the last …
A big change in management at Tulsa-based Unit Corporation was announced Tuesday, including the departure of David Merrill has President and Chief Executive Officer. He not only stepped down as the company’s leader but resigned as well from the Board of Directors. The board of directors (Board) has named current Chairman, Philip Smith, to the …
Tulsa-based Williams’ board of directors has approved a regular dividend of $0.40 per share, or $1.60 annualized, on the company’s common stock, payable on Dec. 28, 2020, to holders of record at the close of business on Dec. 11, 2020. The dividend is consistent with the third-quarter 2020 dividend and is a 5.3% increase …
Valero Energy Corp. agreed to pay a $2.85 million fine and to improve its emissions controls and fuel quality management to settle alleged violations of the Clean Air Act that the Environmental Protection Agency identified in an audit. The EPA said the San Antonio independent refiner produced millions of gallons of gasoline between 2012 and …
