The U.S. saw a surprise drop in crude oil stocks over the past week and the same decline was recorded at Oklahoma’s Cushing Hub. The U.S. stocks fell 1.8 million barrels the week of March 14 when there were 437 million barrels in storage reported the U.S. Energy Information Administration. It was down from …
Williams CEO Alan Armstrong made it clear this week he’s not ready to commit his company to building a natural gas pipeline to New England as long as the area’s governors oppose the project. It puts him in opposition to President Trump who wants the Constitution natural gas pipeline to be built in order …
If Environmental Protection Agency administrator Lee Zeldin thought he would get his hands quickly on $20 billion in Biden-era climate grants stashed in financial institutions, a federal judge has ruled otherwise. U.S. District Judge Tanya Chutkan prevented the EPA’s attempt to recover the money, an order that is considered the latest judicial setback for …
A new report from the U.S. Energy Information Administration forecasts crude oil production in Alaska will grow by 16,000 barrels a day in 2026. The EIA’s Short-Term Energy Outlook expects production to reach 438,000 barrels a day after remaining relatively flat this year. Two new oil developments in Alaska—the Nuna and Pikka projects—are expected to boost …
Oklahoma saw no letup Wednesday in the wildfire dangers as some evacuations were ordered early in the day as winds gusted to 65 miles an hour or greater fueling fires that remained out of control. Much of the state remained under a Red Flag warning. Evacuation orders had been issued early Wednesday for …
An investigation by the Oklahoma Department of Environmental Quality found several violations at the Muskogee Bitcoin-Bifrost Substation and Miners operation. The probe came as a result of a complaint filed by a resident of Muskogee. The DEQ indicated it discovered 10 violations. Click here for KTUL Channel 8 news
A new report suggests the Southwest Power Pool, the one that Oklahoma belongs to, might need more than a quarter of a trillion dollars in investments to meet load growth through the next 25 years. The Brattle Group reached the conclusion in a report presented to stakeholders, reported Utility Dive. Click here for Utility …
New Mexico’s state House might vote this week on a bill designed to raise drilling rates on state-managed land in the state’s Permian Basin where some Oklahoma energy firms are active. A House committee recently voted 9-8 in support of the bill that would primarily affect the rates charged in Eddy and Lea counties, …
** APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. The company formerly known as Apache made the reductions in January and late February, APA said in an emailed response to questions. It amounts to between 10% and 15% of the company’s workforce of …
Russia’s agreement of President Trump’s proposal for Russia and Ukraine to stop attack each other’s energy infrastructure for a month sent crude oil prices falling on Tuesday. Prices dropped about 1% as President Trump and Russian President Vladimir Putin discussed ways to end the three-year old war in Ukraine. West Texas Intermediate crude, the …
