The Oklahoma Office of Workforce Development reports a global engineering, technology and consulting company has signed a strategic agreement with Spirit AeroSystems and will open an office to complement Spirit’s operations in Tulsa. The firm, Expleo, will offer Spirit AeroSystems engineering services to support its development of next-generation aerospace projects. Complementing Expleo’s regional headquarters in Wichita, Kansas, the …
Summit Utilities, the Arkansas-based company that has some customers in Oklahoma, finds itself back in court over billing problems that the Arkansas Public Service Commission cleared in August. In the new legal fight, Summit was sued by a physician who accused the utility of “price gouging.” The suit was filed after the Public Service …
A county in southeast Iowa is considering a new way to tax wind farms. Washington County Commissioners will meet this week to decide if they want to require that wind farms be assessed at a rate depending on their age. Under the proposal, wind farms would see a 0% of the net acquisition cost …
Oklahoma’s largest and longest-running oil and natural gas event…the Oklahoma Oil & Natural Gas Expo will be held this week in Oklahoma City. Sponsored by the Oklahoma Energy Resources Board, the Oct. 12 event at the Bennett Center on the State Fairgrounds will feature not only some of the industry’s mainstay companies, but also …
A dividend of $1.05 was declared this week by Phillips 66. The board of directors stated that the dividend on common stock will be payable on Dec. 1, l2023 to shareholders of record as of the close of business on Nov. 17, 2023. The $1.05 is the same amount of dividend the board approved …
After not meeting last week, Oklahoma Corporation Commissioners will meet Tuesday afternoon. The 1:30 p.m. meeting will include a review of the 24-hour signing agenda docket. Some of the issues include an application of Boomerange Wireless to relinquish its designation as an eligible telecommunications carrier on a wireless basis; and a request from the …
** Large businesses in California will have to disclose a wide range of planet-warming emissions under a new law Gov. Gavin Newsom signed Saturday — the most sweeping mandate of its kind in the nation. The law requires more than 5,300 companies that operate in California and make more than $1 billion in annual revenues to report both …
Another drop of active oil and gas rigs across the U.S. was reported by Baker Hughes while Oklahoma managed to make a gain. The report, released on Friday showed a decline nationally of 4 more rigs, leaving 619 pursuing the search for more oil and natural gas. The number of oil rigs fell by …
Crude oil prices managed moderate gains on Friday but still finished the week with their steepest weekly losses since March. Oklahoma energy stocks recorded 3% and 4% gains for the day. What prompted the crude oil gains? Largely it was due to a partial lifting of Russia’s fuel export ban. As a result, West Texas …
The nation’s Strategic Petroleum Reserve remains low because of President Biden’s use of the crude oil last year to lower national gasoline prices. While some Oklahoma members of Congress were highly critical of Biden’s political use of the crude oil, the Dallas Federal Reserve Bank is out with a study on the questions of …
