February 17, 2022 archive

Marathon moves to cash returns over increased oil production

  While some Oklahoma oil and gas operations intend to pour more funds into new exploration, one operator in the state isn’t doing the same. It’s what Marathon Oil announced this week, stating it will spend $1.2 billion on capital projects in 2022 which is about a 20% increase from last year’s level. The company …

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Blackrock faces pushback in Texas over previous anti-oil and gas comments

  BlackRock Inc., a major investor in oil and gas operations across the U.S. including those in Oklahoma is trying to persuade Texas pension fund operators it’s not as anti-oil-and-gas as it sounded in the past. The New York City-based company, the world’s largest asset manager with $10 trillion in assets under management as of …

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Drag queen to run Department of Energy’s nuke waste program

  No, that’s not something out of Hollywood. It’s a picture of a top energy department official in the Biden administration. Drag queen Sam Brinton has been hired as deputy assistant secretary of spent fuel and waste disposition in the office of nuclear energy for the Department of Energy. This is the very subject—nuclear waste—that drew the …

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