Not only did crude oil prices gain about 1% in Wednesday’s trading, it turned out to be a big day for Oklahoma energy stocks as some had gains of 6% and 8% with a handful more making 4% increases. Oil prices rose from a five-month low following a bigger-than-expecced weekly removal from U.S. crude storage, …
December 13, 2023 archive
Cushing Hub sees increased crude oil stocks while nation’s total falls
While the nation’s crude oil stocks declined in the past week, the amount of crude oil held in storage at Oklahoma’s Cushing Hub increased. The U.S. Energy Information Administration reported the nation’s oil stocks fell 4.2 million barrels, from 445 million barrels on December first to 440.8 million barrels as of December 8. The …
Williams Cos. leader defends natural gas at COP28 stage in Dubai
Natural gas will continue to play a critical role in reducing emissions by replacing coal for power generation while reliably backing up renewable energy sources, said Williams President and CEO Alan Armstrong at COP28, the United Nation’s climate meeting in Dubai. Last year, countries around the globe burned more coal to generate electricity than any other time …
Hydrogen hub projects attracted lobbying interests of oil and gas firms
A report that was critical of the oil and gas industry for its lobbying of the federal government over hydrogen development projects claims more than 30 such firms spent close to $41 million in the lobbying efforts. The Energy News Network, in conjunction with the group called Open Secrets, revealed lobbying efforts increased tenfold …
Massive renewable energy project to benefit union workers
Union workers will benefit from the $5 billion electrical transmissionline that will carry wind-powered electricity from New Mexico and across Arizona to California. The International Brotherhood of Electrical Workers (IBEW) announced this week the signing of a labor agreement to build the 580-mile SunZia Clean Energy Transmission and Wind Infrastructure project line. Total estimated …
High-tech farming just made another advancement
Oklahoma City’s Deep Sand Technology, a company created by farmers with GPS Guidance in mind, announced it joined forces with a satellite data mining company, GEODNET Foundation, to create precision agriculture services to rural parts of the country. The two will focus on what is known as Real-Time Kinematic services, in other words, using …
Seven more companies join research efforts at Halliburton Labs
Halliburton Labs, an effort of parent company Halliburton to advance the future of energy, announced seven more companies have joined the collaborative environmental effort. Located in Houston, the lab welcomed the participation of Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions and XtraLit. This is part of Halliburton Labs’ ambition …
National survey finds Oklahoma interstates are not among the worst
Maybe Oklahoma is doing something right when it comes to the conditions of interstates and major highways. After having a reputation for many years for having the worst roads and bridges, Oklahoma, believe it or not, is NOT on a list of America’s Most Loathed Highways based on a survey of 3,000 drivers by …
DEQ to consider water rulemaking changes
Permanent rulemaking proposals will get the attention of the January meeting of the Oklahoma Department of Environmental Quality’s Water Quality Management Advisory Council. DEQ will be proposing permanent rulemaking for the following Chapters: CHAPTER 606 – OKLAHOMA POLLUTANT DISCHARGE ELIMINATION SYSTEM (OPDES) STANDARDS CHAPTER 611 – GENERAL WATER QUALITY CHAPTER 628 – INDIRECT POTABLE …
New pipelines to expand LNG exports
The latest report from the U.S. Energy Information Administration shows more than 20 billion cubic feet a day of natural gas pipeline capacity is under construction across the country. The lines will eventually deliver natural gas to five liquefied natural gas (LNG) export terminals that are currently under construction, according to the EIA’s Natural Gas …
- 1
- 2