** Constellation Energy plans to restart Unit 1 of the former Three Mile Island nuclear power plant as the Crane Clean Energy Center. In a $16 billion deal between owner Constellation Energy and Microsoft to power the tech giant’s AI data centers, Three Mile Island is set to return to service as the Crane Clean …
Category: Oil & Gas
Large draw on crude supplies sent prices higher on Wednesday
Crude oil prices made slight gains on Wednesday but it wasn’t due to any cautious stances over the Iran-Israel ceasefire and the fighting that has gone on in the Middle East in the past week. It was the larger-than-expected draw in U.S. crude stocks, a sign of firm demand and the summer driving …
Cheniere to expand LNG exports in $3 billion project
Cheniere Energy announced a nearly $3 billion expansion project to increase its handling and exporting of liquefied natural gas, creating the LNG out of the natural gas it receives from Oklahoma and various other sources. The Texas company said the $2.9 billion expansion will increase production by 3 million metric tons a year. Some …
Crude oil in storage drops again at Cushing Hub and across the U.S.
Both the U.S. and the Cushing Hub in Oklahoma continued with declines in crude oil storage totals. The Cushing Hub fell 500,000 barrels as of the last reporting period that ended June 20 when its total dropped to 22.2 million barrels. It previously had been 22.7 million barrels as of June 13 and …
Retiree’s death doesn’t stop legal challenge of Oklahoma’s anti-ESG law
The former Oklahoma state employee who challenged Oklahoma’s Energy Discrimination Elimination Act in a 2023 lawsuit and won a judge’s ruling which resulted in an Attorney General’s appeal still in the hands of the state supreme court died recently. But the death won’t delay the Supreme Court’s consideration of an appeal by the Attorney …
Banker says it’s time to reverse some of the targets of Oklahoma’s anti-ESG law
Bartlesville banker Trevor Dorsey says it’s time Oklahoma followed Texas’ lead in removing BlackRock Investment from being blacklisted through use of a challenged anti-ESG law. In an opinion piece, Dorsey, who is not only a Senior Vice President at Prosperity Bank but also Vice-Mayor of Bartlesville, said the implementation of Oklahoma’s Energy Discrimination Elimination …
Increased July 4th holiday travel predicted in Oklahoma
From sea to shining sea―and from the Panhandle to Broken Bow―AAA is projecting strong travel volume for the upcoming Independence Day holiday. Nearly 643,000 Oklahomans among 72.2 million Americans are expected to travel for the approaching Independence Day holiday. “Travelers are gearing up for a busy Fourth of July travel period across the Sooner State,” …
Energy briefs
** Thousands of households in New York, New Jersey, and Pennsylvania lose power as temperatures soar above 100 degrees and air conditioning use strains the grid. ** According to the Energy Information Administration, in 2023, nuclear power and renewable energy sources, such as solar power and wind power, accounted for 18% of the total energy …
Senate bill increases value of tax credits to use CO2 captured to produce more oil
Oil and gas producers would benefit from a bill drafted in the U.S. Senate where they would get a tax credit to capture carbon emissions and bury them underground. The Senate Finance Committee’s proposal would amount to a tax credit of $85 per ton, not the $60 per metric ton as approved in …
Oklahoma regulators to meet Wednesday
Oklahoma Corporation Commissioners have a meeting scheduled for Wednesday afternoon. The agenda follows. Item Topic I. A. Call to order B. Announcement concerning public notice C. Determination of quorum II. Recognition of Employee Service III. Approval of minutes of prior meeting(s) IV. Consideration of and possible vote(s) on proposed or potential orders in cases …