While companies respond to the massive drop in oil prices, Tulsa’s Blueknight Energy Partners LP reports business was good in 2019, so good it made profits compared to the losses suffered in 2018. And it anticipates better income due to the demand for storage. The company reported its fourth quarter net income totaled $4.3 million, …
The head of Murphy Oil Corporation based in El Dorado, Arkansas has apparently been taken ill with the coronavirus and has temporarily stepped aside from his leadership role. The company announced Thursday that Roger W. Jenkins, President and Chief Executive Officer took a temporary medical leave because, pending test results, he has what the firm …
The coronavirus pandemic has forced Tulsa-based Williams to forego an in-person annual meeting of shareholders. Instead, the company will host its 2020 annual meeting “virtually” due to the public health impact of the pandemic. The company announced its annual meeting will be convened in person at the company headquarters, then immediately adjourn to a …
They haven’t been major producing oil wells, but oil and gas drilling is continuing in Oklahoma as witnessed by completion reports filed this week including a gas well with production of more than 10,000 Mcf of natural gas. Citizen Energy iii LLC reported completion of the Lancet 1h-17-8 well located at 17 14N 15W …
The U.S. Senate late Wednesday voted 96-0 to approve the $2 trillion emergency relief bill aimed at overcoming the economic affects of the coronavirus pandemic.Oklahoma Sens. Jim Inhofe and James Lankford were among those who voted in support of the largest economic rescue package in U.S. history.”To all Oklahomans—our families, our students, our small businesses …
When Oklahoma Gov. Kevin Sitt signed an order this week forcing the closure of all “non-essential” businesses in many counties, it left some puzzled as to the definition of what’s considered “essential.” Energy operations are considered essential and that includes oil and gas operations as well as those maintaining the state’s extensive system of wind …
Not only is the energy industry dealing with the impacts of the coronavirus pandemic—so are environmentalists fighting some of the oil and gas projects in the U.S. And it’s helping energy companies who have to deal with the environmentalists. They’re facing new challenges as well—mostly because the pandemic has stalled or stopped their efforts …
Oilfield services firm Halliburton and Russia’s Gazprom Neft have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation in Siberia, Gazprom Neft said on Thursday. Cooperation between Western and Russian oil and gas producers has been curtailed by the sanctions imposed on Russia by the United States and Europe …
A federal judge on Wednesday ordered the U.S. Army Corps of Engineers to conduct a full environmental review of the Dakota Access pipeline, nearly three years after it began carrying oil despite protests by people who gathered in North Dakota for more than a year. U.S. District Judge James Boasberg wrote that the easement approval …
California-based Chevron Corp. , whose upstream arm is based in Houston, has joined a growing list of oil and gas producers that have announced multibillion-dollar cuts for the year. Chevron is shedding 20 percent of its capital expenditure budget for 2020, landing at $16 billion for the year, according to a March 24 press release. …
