ALLETE Clean Energy, part of US energy company Allete Inc. and the owner of two Oklahoma wind farms, including its biggest in Johnson and Pontotoc Counties, announced the sale this week of another wind project in southwestern Wisconsin. ALLETE sold the Whitetail wind project to Invenergy. It acquired the project three years ago and …
Phillips 66 third quarter earnings took a punch to the face, tumbling from $1 billion in the second quarter to $346 million. The Houston-based company said its adjusted earnings were $859 million versus $984 million in the previous quarter. Part of the drop was related to the $41 million in costs of the planned …
(Business wire) The Port of Houston recently handled its largest vessel ever to date—a 11,356 TEU (twenty foot equivalent unit) ship named the Cassiopeia. It took two days for 7,327 moves to be completed or about 31 per hour. The Port Commission of the Port of Houston Authority has an ongoing Houston Ship Channel …
Colorado leaders have taken their fight against a proposed oil by rail project through their state to the U.S. Supreme Court. They’re fighting the 88-mile Uinta Basin Railway, a multibillion dollar plan to ship oil from the Uinta Basin of Utah through Colorado and eventually to places such as Oklahoma’s Cushing Hub. Colorado …
Earnings rose for ONEOK, Inc. in the third quarter of the year. The company announced higher third quarter 2024 results and provided 2024 financial guidance on a consolidated basis that includes contributions from EnLink Midstream and the pending Medallion Midstream acquisition. ONEOK also increased its 2024 financial guidance on a stand-alone basis to be comparable …
Despite a $114 million or 85 cent a share loss in the third quarter, Nick Dell’Osso, Expand Energy’s President and Chief Executive Officer called it a strong quarter. Nearly a month after Chesapeake Energy’s merger with Southwest Energy was completed, the company released its third quarter earnings report showing $422 million in net …
Oklahoma Corporation Commissioner David was elected this week to serve as an officer on a Regional State Committee of the Southwest Power Pool, the 14-state electric grid that includes Oklahoma. She was chosen secretary/treasurer at the groups’ quarterly meeting held in Little Rock, Arkansas. Her new term on the Regional State Committee will begin …
A day after crude oil prices dropped more than 6%, they still suffered a decline on Tuesday but only a small one. After word spread that perhaps there might be a de-escalation of Israel’s Lebanon offensive, prices edged lower. To some energy traders, it might have been a sigh of relief. US benchmark, West …
Oklahoma Corporation Commissioners could sign off on the latetst rate hike requested by Oklahoma Gas and Electric….the $126.6 million increase that originally started as a $332.5 million increase filed last year. Commissioners will meet Wednesday to consider the issue (PUD2023-000087) that saw several consumer groups oppose the original request for a nearly 14% increase …
Brace for bigger and more transmission projects in the coming years from the Southwest Power Pool. After more than two years of studies, the SPP is moving ahead with $7.7 billion in transmission projects. It is considered the largest portfolio of such projects in the history of the SPP, the 14-state electric grid that includes …
