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Oil and gas rig numbers dipped in past week
The latest Baker Hughes Rig Count released on Friday confirmed what a recent Kansas City Federal Reserve Bank Survey declared in slumping oil and gas drilling activity in the region. While Oklahoma remained at 40 active rigs, Baker Hughes reported a decline in the nation’s number of oil and gas rigs, falling by 2 in …
Choctaw Nation added to drone testing sites by FAA
U.S. Department of Transportation Secretary Sean P. Duffy and Federal Aviation Administrator Bryan Bedford announced two new test sites for Unmanned Aircraft Systems (UAS). The sites, which will be located in The Choctaw Nation of Oklahoma and Indiana Economic Development Corporation, are the first new UAS testing grounds in nearly a decade. The UAS Test …
KC Federal Bank survey shows oil and gas drilling at lowest level in 5 years
A new Kansas City Federal Reserve Bank survey found that energy activity in Oklahoma and other states that make up the district took a sharp drop in the fourth quarter and things are not likely to improve in the next six months. The quarterly Energy Survey showed companies in the states that make up …
Crude oil prices gained on Friday—will it continue this coming week?
With the world’s crude oil status in turmoil following the U.S. capture of Venezuela’s leader and the takeover of the South American country’s oil and gas industry, crude oil prices rose more than 2% on Friday. Investors voiced geopolitical concerns about what the takeover will do to the world’s oil status, but added to the …
Energy briefs
** US forces have seized another tanker in the Caribbean Sea, officials say, as the Trump administration continues its efforts to control exports of Venezuelan oil. The tanker, the Olina, is on multiple countries’ sanctions lists and the fifth vessel to be seized by the US in recent weeks. ** Newly released data shows that solar arrays …
Oklahoma’s Harold Hamm among oil execs at White House meeting on Venezuela
Oklahoma billionaire oilman Harold Hamm, the founder of Continental Resources was among a few dozen top oil leaders in the U.S. who met Friday at the White House with President Trump to discuss assuming control of Venezuelan oil and exploration in the South American country. He appeared coy in answering a direct question from …
Crude oil shoots up over turmoil following Maduro’s capture
The turmoil over crude oil production in Venezuela following the U.S. capture of leader Nicolas Maduro last weekend sent prices up more than 3% on Thursday. Oklahoma energy stocks soared with the oil prices. While President Trump prepares to meet Friday with American oil and gas leaders to discuss restoration of the Venezuelan energy industry, …
Geothermal Power development to include New Mexico
New Mexico is one of 13 states to be part of a national effort to expand geothermal power for the nation’s electric power grid. The U.S. Department of Energy’s (DOE) Geothermal Technologies Office (GTO) launched the new, 13-state effort to expand the use of firm, flexible geothermal power on the nation’s grid. Led by the National Association …
Weather satellites to be subject of Congressional hearing
While Oklahoma experienced severe weather, including tornado warnings this week, a U.S. House committee announced plans to hold a hearing to examine the role of the nation’s weather satellite architecture in supporting national security. The announcement by Rep. Brian Babin, Chairman of the House Science, Space and Technology Committee said the hearing will review how …
Fermi leaders not phased by loss of major AI investor at Amarillo
Weeks after former Texas Gov. and U.S. Energy Secretary Rick Perry and his billionaire partner Toby Neugebauer experienced a loss of a prospective major investor in their effort to build world’s largest private energy grid and AI campus at Amarillo, Texas, they are busy pushing ahead with the project. They call their company Fermi …