Ever since a Tulsa federal judge ruled against Enel Green Power and ordered it to remove 84 wind turbines built several years ago in Osage County, Enel has been racking up the legal bills. According to energy and political writer Robert Bryce, the wind energy company is fighting the judge’s order, a ruling that …
The Office of the Attorney General added four more counts of embezzlement against Oklahoma contractor Benjamin Moore in Pottawatomie County District Court. Moore was charged in October with nine counts of felony embezzlement and a pattern of criminal offenses following an investigation by Attorney General Gentner Drummond’s Consumer Protection Unit. Initially, Moore was accused of …
A day after Tulsa’s Vital Energy announced a $575 billion senior note offering, the company increased it to $800 million. The newest offering involves 7.875% senior notes due 2032 at 100% of par and is expected to close March 28. Vital intends to use the net proceeds of the offering, if completed, together with …
** Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. ** As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting …
