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NRC Webinar to Discuss Review of Supplemental Environmental Reports for Subsequent License Renewal
Nuclear Regulatory Commission staff will discuss plans to review supplemental environmental reports related to renewals of nuclear power reactor licenses (from 60 to 80 years) in a webinar on August 17. Earlier this year, the Commission directed the NRC staff to update the Generic Environmental Impact Statement for License Renewal of Nuclear Plants to cover the subsequent …
Oil Prices Show Versatility Over Volatility With Slight Increases on Monday
Despite market volatility, oil prices rose nearly 2% on Monday as positive economic data from China and the United States fueled hopes for demand despite warnings of an impending recession. Brent crude futures settled $1.73, or 1.8%, at $96.65 a barrel. U.S. West Texas Intermediate crude was at $90.76 a barrel, up $1.75, or 1.97%. …
Cherokee Nation Develops Financial Program to Help Drought-Stricken Farmers
The Cherokee Nation Reservation is offering a new program to provide financial help to tribal farmers and ranchers seeking relief from a historic drought. The million-dollar Relief for Cherokee Ranchers program will serve up to 2,000 ranchers – one per Cherokee household – with a one-time payment of $500 to mitigate the cost of buying and hauling …
Tom Cole Unhappy With Biden’s Inflation Reduction Act
Oklahoma Congressman Tom Cole unleashed a tirade against President Biden and his stalled attempts to correct the economy on Monday. Cole railed on President Biden’s inability to reel in skyrocketing prices as wages have shrunk, damaging not only the U.S. supply chain including the labor force. These factors led to a decline in Gross …
Baker Hughes Enhances Electric Machinery Portfolio With BRUSH Group Power Generation Division
Baker Hughes announced on Monday that it will acquire the Power Generation division of London-based BRUSH Group (BRUSH) from One Equity Partners. BRUSH is an established equipment manufacturer that specializes in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes’ strategic commitment to lead in providing decarbonization solutions for …
Williams and PennEnergy Agree to Market and Deliver Certified, Low Emissions Next Gen Gas
Tulsa-based Williams and PennEnergy Resources, LLC, an EnCap Investments portfolio company in the Appalachian Basin, entered into an agreement to support the marketing and delivery of certified, low emissions next gen natural gas, according to a press release issued Monday. The agreement includes an independent, third-party certification process that verifies best practices are being followed …
EPA Tours US in Support of 50th Anniversary of Clean Water Act
U.S. Environmental Protection Agency (EPA) Assistant Administrator for Water Radhika Fox joined local leaders in Seattle to kick off the 50th Anniversary of the Clean Water Act celebration tour. “When Congress passed the Clean Water Act in 1972—with an overwhelming bipartisan majority—it charted a new path for America’s waters. As a result, we have seen …
Rig Report: OK Flat with 64 Rigs, US Count Drops by 3
The number of oil and gas rigs active in the U.S. field decreased by three over the past week to reach a total of 764, according to the Baker-Hughes Rig Report. Oklahoma remained flat with 64 active rigs, up by 33 since a year ago. Although its rig count is flat for the week, the …
Unexpected Job Growth Produces Higher Settlement of Brent Crude and WTI
After a week of sliding prices, oil settled higher on Friday on forecasts of a strong U.S. job growth market. Brent crude climbed 80 cents to $94.92 a barrel, 11% off last week’s settlement. U.S. West Texas Intermediate crude rose 47 cents to $89.01, off 8% for the week. The U.S. Department of Labor reported …
TransAlta Posts 2Q 2022 Financial Results and Oklahoma Wind Project Updates
Calgary-based TransAlta Corporation reported revenue for the three and six months ended June 30, 2022 increased by $47 million and $64 million respectively compared to the same periods in 2021. The increase in revenues was due to higher wind resources in Canada, incremental production from a Canadian wind facility and higher environmental credit sales partially offset by the extended site outage at …