While Native Americans are protesting construction of a nearly $4 billion oil pipeline in North Dakota, not far away the State of Montana and the federal government plan to see compensation over a 2015 oil pipeline spill into the Yellowstone River. The U.S. Department of Interior joined the state in indicating it wants damages paid …
Tulsa-based Williams Companies Inc. is reporting a third quarter 2016 net income of $61 million while its third quarter adjusted earnings totaled $1.1 billion. The adjusted earnings totaled $1.192 billion, an increase of 8% or $89 million from a year earlier, according to a filing the company made early Monday with the Securities and Exchange …
General Electric, the company that recently formally opened its new oil and gas energy research site in Oklahoma City has reached a nearly $30 billion deal to combine its oil and gas business with Baker Hughes Inc. The “New” Baker Hughes will be a leading equipment, technology and services provide in the oil and gas industry …
Alan Armstrong, President and CEO of the Williams Companies, was honored on Wednesday by the Tulsa Press Club as one of its 2016 Headliners Club inductees. The Headliner awards recognize outstanding civic, business, professional and industry leaders of the Tulsa community. This is the 60th year of the awards. Since 1956, many of Tulsa’s oil …
Tulsa-based Williams Partners L.P. announced Friday that it will extend the targeted full in-service date for its Atlantic Sunrise expansion project to mid-2018, according to a company press release. The partnership expects to begin a portion of its service during the second half of 2017. The revision is due to a recently updated schedule of …
Oil futures settled lower on Friday, prior to the widely anticipated OPEC meeting in Vienna, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell $1.02, or 2.1%, to settle at $48.70 a barrel. For the week, WTI finished down by nearly 4.2%. Futures are up about 1% for the …
The latest oil and gas rig count from Baker Hughes shows the national count increased by four in the past while the number in Oklahoma remained the same as last week. Oklahoma’s count stayed at 73 while the national count added up to 557 active oil and gas rigs. That’s a decline of two oil …
State Rep. Richard Morrissette, a critic of the state’s handling of how to respond to the growth in earthquakes in Oklahoma plans another news conference in the coming days. The Democrat from Oklahoma City plans a news conference Nov. 2 at 11a.m. at the state capitol. The announcement said it will be held “to hear …
Conoco took a $1 billion third quarter hit but company leaders still contend the firm has momentum entering the 4th quarter. “Our underlying business performance is delivering strong momentum as we had into 2017,” said Ryan Lance, Chairman and CEO. The $1 billion loss was about 9 percent less than a year ago. The company, …
The State Employment Security Commission says laid-off workers at Halliburton Energy Services Inc. technology Duncan are now eligible for the Trade Act program by the U.S. Department of Labor. The act is meant to provide help to those who lose jobs or significant work hours because of increased imports or a shift in production …
