A strike that shut down Libya’s top oilfield added to growing Middle East tensions about global oil supplies and sent crude oil prices up nearly 3% on Wednesday. West Texas Intermediate crude rose $2.32 or 3.3% to close at $72.70 a barrel on the New York Mercantile Exchange. Brent crude gained $2.36 or 3.1% to …
The Southwest Power Pool, of which Oklahoma is a member, announced the naming of Felek Abbas as vice president and chief security officer. The appointment was effective Wednesday. The new position is important to safeguarding SPP’s vital role in grid operations and protecting SPP’s data and personnel. “Cyber and physical security is a very …
U.S. retail gasoline prices in 2023 averaged $0.43 per gallon (gal) less than in 2022, according to data from the U.S. Energy Information Administration’s Gasoline and Diesel Fuel Update. This decline was due, in part, to lower crude oil prices in 2023 compared with 2022 and higher gasoline inventories in the second half of …
Halliburton Company has been named to the 2023 Dow Jones Sustainability Indices (DJSI). 2023 marks the third consecutive year that the company has been named to the list. DJSI assesses the sustainability performance of companies using a transparent, rules-based process based on the annual S&P Global Corporate Sustainability Assessment (CSA). Only the top ranked …
Oklahoma Corporation Commissioners will hold their first meeting of 2024 on Thursday. The agenda includes technical conferences, a 24-hour signing agenda docket and a discussion of recent Transportation Division activity for motor carrier enforcement. The meeting will begin at 1:30 p.m.
The Oklahoma Broadband Governing Board will meet at 2:30 p.m. on Tuesday, January 9, in the First Floor Conference Room, Suite 105, of the Harvey Parkway Building, 301 Northwest 63rd Street, Oklahoma City, OK 73116. The agenda follows: 1. Call to Order, Welcome, and Determination of a Quorum 2. Compliance with Open Meeting Act …
** US auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers. ** General Motors said it will make sure its new electric vehicles remain price competitive even as new rules from U.S. Treasury disqualify some of the carmakers’ electric vehicles for the …
A proposed merger worth $4.3 billion in which Public Service Co. of New Mexico and Texas New Mexico Power would be owned by Avangrid of Connecticut was scrapped on Tuesday. Avangrid backed out of the deal to acquire PNM Resources and its two utilities, disappoiting PNM president and CEO Pat Vincent-Collawn. “We are greatly …
Williams announced that it has priced a public offering of $1.1 billion of its 4.900% Senior Notes due 2029 at a price of 99.839 percent of par and $1.0 billion of its 5.150% Senior Notes due 2034 at a price of 99.975 percent of par. The expected settlement date for the offering is January …
A crackdown on an oilfield practice of re-injecting oilfield wastewater, very similar to one in Oklahoma some years ago, led to a 10% drop in the number of earthquakes recorded last year in Texas. It was the first such decline in the frequency of earthquakes in half a decade as the Texas part of …
