EV maker Canoo, the company with development of manufacturing plants in Pryor and Oklahoma City, announced it is widening sales to Saudi Arabia. It is the latest announcement of expanded sales and production for the company. The company said it signed an exclusive agreement with GCC Olayan (General Contracting Company) which is a leading …
January 30, 2023 archive
Tulsa coal company announces record 4Q revenue
Any time a company reports a 48% gain in quarterly revenue and a nearly 314% jump in net income, executives are happy. Such is the case at Alliance Resources headquartered in Tulsa where Joseph W. Craft III, Chairman, President, and Chief Executive Officer called it a ” testament to our team’s ability to …
Energy headlines
** The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings thanks to the jump in oil and gas prices last year. ** Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale …
Study–cheaper to drive a gas-powered car than EV
Owners of electric vehicles got some shocking news this week. They were told their EVs actually cost more to drive than traditional gas-powered cars according to a consulting firm. Fox Business News reported the declining price of gasoline resulted in a lower cost for most Internal Combustion Engine vehicles. Click here for Fox Business News
Number of utility power cutoffs grows across US
A new report says electricity was cut off more than 1.5 million times last year as consumers struggled with soaring bills according to environmental and clean energy advocates. In other words, Oklahomans were not alone in facing one increase after another. Bloomberg reported the increase came as US consumers wrestled with a 14% increase …
Texas oil and gas producers advised to be prepared for latest winter storm
This week’s cold snap prompted the Texas Railroad Commission to urge oil and gas producers in the state to secure their equipment and be prepared ahead of the winter weather. The Commission on Sunday issued a statement in which it advised operators to take action reported Bloomberg. Click here for Bloomberg
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