ConocoPhillips is reported to be one of the three main companies accounting for more than half of the cuts in oil production this year in the U.S. and Canada. The two others are Chevron Corp. and Occidental Petroleum Corp according to an analysis by Reuters but the cuts announced by CoocoPhillips are the biggest. Oil and …
Chaparral Energy in Oklahoma City announced this week the departure of two of its vice presidents. One was Scott Pittman, a Senior Vice President and Chief Financial Officer who according to a Chaparral Energy filing with the Securities Exchange Commission “resigned—to pursue other interests.” His departure was on Friday, April 17, 2020 and the filing …
Oklahoma City’s SandRidge Energy is trimming its workforce even more as it filed notice with the state to lay off another 7 workers this week, this after announcing the layoff of 26 workers last week. It easily raises the question—what’s left at the company? Company leaders admit they’re at a loss as to what …
So far, layoffs have yet to hit the Schlumberger operations in Oklahoma, at least what the company revealed, even though the company has cut its North American workforce by 1,500 workers. But things are expected to get worse as the company announced Friday its first quarter 2020 operations lost $7.4 billion and leadership doesn’t think …
Two weeks after laying off 350 workers at its former headquarters in Duncan, Oklahoma, the now-Houston based company reported a net loss of $1 billion or $1.16 per diluted share for the first quarter of 2020. A year ago, the company reported net income of $152 million or 17 cents a share. The company …
While the Cushing oil storage tank farm is filling up with the glut of crude caused by the cratered demand for gasoline, a similar situation has developed in Mexico where Pemex is storing it in tankers sitting in the Gulf of Mexico. Bloomberg checked and found out Pemex has too much gasoline …
Like the refinery industry, the coal industry has also been slapped by the coronavirus pandemic. Lights are off in schools and businesses across the world and for coal miners, that’s bad news because it means there is less demand for their product to power the coal-fired power plants. As a result, companies like Alliance …
The request of a Tulsa-based energy company for a mandated reduction of oil production in Oklahoma is going before the full Oklahoma Corporation Commission in May. Administrative Law Judge Jan Preslar heard the request of LPD Energy Company on Friday. “The Judge in the case (Commission Administrative Law Judge Jan Preslar) today said she would …
An annual report by the American Wind Energy Association says wind energy is now the largest provider of renewable energy in the country, supplying over 7 percent of the nation’s electricity in 2019. In Oklahoma, 35% of the electricity comes from the numerous wind farms and the state remains number three for wind-powered electricity behind …
** The city of Carmel, Indiana, is set to become the first in the U.S. to convert its fleet vehicles to run on hydrogen fuel technology. ** More than 100 members of Congress call on leadership to include language in the next round of stimulus funding prohibiting utilities from disconnecting customers during and immediately after the pandemic. ** A federal judge “reluctantly” rejects an …
