The U.S. seizure of one oil tanker from Venezuela and the possibility of a third tanker being watched in the Caribbean Sea could send crude oil prices climbing higher than they did on Friday. Brent crude rose back above the $60 mark on Friday, climbing 65 cents for a 1.1% gain for the day, …
When oil and gas drilling rigs aren’t active in the patch, they’re usually headed to storage yards and in the past week, the nation saw more of them transferred there. The nation’s total number of active oil and rigs plunged by 6 in the past week, falling to 542, according to the Baker …
** The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told Reuters on Sunday, in what would be the second such operation this weekend and the third in less than a week. ** A second oil tanker was seized by the U.S. Coast Guard on Saturday off the coast of …
Two years after breaking ground for a proposed nickel refinery in Lawton, Westwin Elements is backing out of the deal. It recently notified Lawton city leaders it will not be building a larger commercial plant after building a small-scale operation. The Lawton Constitution reported the Lawton Economic Development Authority approved a joint resolution …
An employee of the Oklahoma Corporation Commission (OCC) who is believed to have dropped out of college as a sophomore has been performing audits of utility companies collectively worth more than a billion dollars, a new brief filed at the Oklahoma Supreme Court reveals. Reps. Tom Gann, R-Inola, Kevin West, R-Moore, and Rick West, …
From Arkansas Business Morning Roundup We’ve closely followed the lithium developments in the Smackover play of southern Arkansas and now there’s a report how one such company recently attracted more than $1 billion in financing interest. Smackover Lithium drew the interest, according to Arkansas Business as it attributed the report to Reuters. Owned jointly …
Refinery proposal resurfaces after nearly a decade After sitting largely dormant for nearly a decade, a proposal to build a new oil refinery in North Dakota has resurfaced in recent weeks as state officials consider potential investment options. According to reporting by the North Dakota Monitor, the Davis Refinery project appeared on a short list …
New pipeline discussion emerges years after Keystone XL Four years after former U.S. President Joe Biden halted the proposed Keystone XL Pipeline, discussion has resurfaced around the possibility of a new Canadian oil pipeline, according to reporting by OilPrice.com. Keystone XL was designed to transport crude oil from Alberta, one of the world’s most oil-rich …
Crude oil prices settled less than half a percentage point higher on Thursday amidst two significant developments this week. Venezuela authorized on Thursday two very large crude carriers (VLCC) to set sail for China, according to two sources familiar with Venezuela’s oil export operations, which would be only the second and third supertankers to …
Fort Worth project highlights scale of data center expansion While several Oklahoma cities are weighing proposals for $1 billion data centers, a much larger project proposed on the southeast side of Fort Worth, Texas, underscores how massive some developments tied to artificial intelligence and cloud computing have become. According to reporting by the Fort Worth …
