June 2024 archive

Judge allows $10 SunZia transmission line to proceed

  Years too late. It’s what a U.S. District judge has ruled in dismissing legal claims by Native American tribes and environmentalists who tried to stop construction of the $10 billion energy transmission line to carry wind powered electricity from New Mexico to California. Judge Jennifer Zipps said the opponents were not only too late …

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Chesapeake Energy’s annual shareholders meeting results released

  Results of Chesapeake Energy’s recent annual shareholders meeting were released in a filing with the Securities and Exchange Commission. The seven members proposed for the company’s board of directors were approved by shareholders. They will serve as a director until the next annual meeting of shareholders.    Director Nominee   Votes For Votes Against …

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Devon Energy releases results of shareholders meeting

    Devon Energy has made known results of its early April annual meeting where 11 directors were chosen by shareholders for the current fiscal year. The filing with the Securities and Exchange Commission indicated there were 632,639,718 shares of Devon’s common stock outstanding. The eleven directors were: Barbara M. Baumann, John E. Bethancourt, Ann …

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Crude oil prices respond to European Central Bank interest rate cut

For a second consecutive day, crude oil prices recorded gains on Thursday. They rose 2% after the European Central Bank cut interest rates for the first time since 2019—something investors hope the U.S. Federal Reserve will also do in September. At the same time, OPEC+ ministers gave assurances to invesstors that their weekend output agreement …

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Possible stumbling block to Cushing hydrogen plant removed by regulators

  Oklahoma regulators have agreed to allow Summit Utilities to avoid competitive bidding requirements and build and operate a hydrogen blending plant in Cushing. It paves the way toward construction of the operation. By a 2-1 vote this week, Corporation Commissioners voted to deny a recommendation of the agency’s Public Utilities Division to dismiss Summit’s …

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Reusing outdated abandoned wind turbine blades

      In Fairfax, Iowa recently, a $10 million new plant, built by REGEN Fiber, owned by Alliant Energy subsidiary Travero, hosted a grand opening Wednesday to explain the process for recycling decommissioned wind turbine blades. The plant, which cost more than $10 million and employs eight people, is expected to start processing materials …

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From trash to gas—a $32 million project in southwest Missouri

    The city of Springfield, Missouri is starting a project to take advantage of the natural gas produced at its landfills. But it”ll cost nearly $32 million to finish the Renewable Natural Gas project. Springfield intends to not only refine and reuse biogas produced by the mountain of packed trash, but make money off …

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Seminole plant expansion to create 60 new jobs

  Expansion at a plant in Seminole means 60 new jobs to the region. Ace Thermal Systems is adding to its current workforce of 165 following the award of the Quality Jobs contract. Over the next five years, the company anticipates it will create over 60 new jobs at its Seminole, Okla., facility, contributing to …

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AAA survey shows American drivers aren’t interested in buy EVs—too costly

  We’ve been telling you about a nationwide drop in interest by consumers in electric vehicles. Now AAA in Oklahoma reports similar findings based on a recent annual consumer survey. It found only 18% of US adults say they would be “very likely” or “likely” to buy a new or used EV, a fire that …

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Gas firm challenges AG’s fraud lawsuit—says he failed to challenge regulators and supreme court

  The Texas natural gas distributing company sued by Oklahoma Attorney General Gentner Drummond and accused of fraud over natural gas prices during the 2021 Winter storm is asking an Osage County District Judge to dismiss the fraud lawsuit. It also suggests the AG had his chance to properly handle the gas probe and missed …

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