The latest jobless figures in Oklahoma continue showing a loss of energy jobs in the state in the month of August, according to the Oklahoma Employment Security Commission. Overall unemployment rates went up during the month in 73 of Oklahoma’s 77 counties. They were lower in two and unchanged in two others. Stephens County …
A seasoned energy executive with Oklahoma ties was recently appointed as the new chairman of the board for Houston-based Swift Energy Company, according to a company press release issued on Tuesday. Marcus Rowland’s appointment follows the August announcement that the company’s chief executive officer, Terry Earl Swift, and chief financial officer, Alton Heckaman, Jr., would …
Oil futures surged on Wednesday following news that OPEC members agreed on the need to cap crude production, according to Bloomberg MarketWatch. Members of the oil group were considering a production limit of between 32.5 million and 33 million barrels a day, according to The Wall Street Journal, citing sources familiar with the matter. In …
Oil futures retreated by almost 3% on Tuesday after Saudi Arabia and Iran downplayed expectations to freeze or cut production at this week’s informal meeting in Algiers, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude fell by $1.26, or 2.7%, to settle at $44.67 a barrel, following a gain …
Following activist investor Carl Icahn’s recent divestiture of nearly half of his holdings in Oklahoma City-based Chesapeake Energy Corporation, the company disclosed the resignation of two board members. Chesapeake filed a Form 8-K with the U.S. Securities and Exchange Commission on Tuesday which revealed the immediate resignation of Vincent J. Intrieri and John J. “Jack” …
The huge shale oil fields in Mexico could be open to U.S. drillers as early as March 2017, according to Mexico’s energy secretary Pedro Joaquin Coldwell. It’s what he told energy executives, attorneys and academics last week at Rice University saying the auctions for the northern Mexico shale fields will be part of his country’s …
The head of the International Energy Agency predicts global oil output will exceed demand until late next year. The prediction comes from Fatih Birol who is Executive Director of the IEA. “We don’t see the oil market re-balancing until late 2017 provided there’s no ‘major intervention’,” he said in an interview this week with Bloomberg …
The 20th annual Oklahoma Oil and Gas Expo presented by the OERB and SOER will be held Oct. 6 on the Oklahoma State Fair Park in Oklahoma City. “It’s our 20th anniversary which we’re very proud of, the longest running and largest oil and gas expo in the state,” declared Katy Spetter, one of the …
Tulsa-based Williams Companies, Inc. announced Monday that the company has appointed Stephen Chazen and Peter Ragauss to the company’s Board of Directors effective immediately, motivating activist investor Keith Meister of Corvex Management LP to withdraw his plan for a proxy battle. Chazen retired as Chief Executive Officer of Occidental Petroleum Corporation in April 2016, and …
Crude oil futures rebounded on Monday as investors weighed the possibility that major producers will make progress this week on a pact to limit production, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude climbed $1.45, or 3.3%, to settle at $45.93 a barrel, after losing nearly 4% in Friday’s …
