An investigation by the Oklahoma Department of Environmental Quality found several violations at the Muskogee Bitcoin-Bifrost Substation and Miners operation. The probe came as a result of a complaint filed by a resident of Muskogee. The DEQ indicated it discovered 10 violations. Click here for KTUL Channel 8 news
New Mexico’s state House might vote this week on a bill designed to raise drilling rates on state-managed land in the state’s Permian Basin where some Oklahoma energy firms are active. A House committee recently voted 9-8 in support of the bill that would primarily affect the rates charged in Eddy and Lea counties, …
** APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. The company formerly known as Apache made the reductions in January and late February, APA said in an emailed response to questions. It amounts to between 10% and 15% of the company’s workforce of …
Russia’s agreement of President Trump’s proposal for Russia and Ukraine to stop attack each other’s energy infrastructure for a month sent crude oil prices falling on Tuesday. Prices dropped about 1% as President Trump and Russian President Vladimir Putin discussed ways to end the three-year old war in Ukraine. West Texas Intermediate crude, the …
The Feb. 19-22 cold snap that hit the Midwest resulted in near-record highs for hourly and daily generation of electricity by natural-fired plants in Texas. The U.S. Energy Information Administration found that in February, the high demand for electricity increased while electricity generated by wind and solar projects fell. Electricity demand in Texas …
Oklahoma isn’t alone in finding opposition to carbon capture projects. This week, opponents stood their ground in Louisiana and voiced concerns at an informational seminar on Carbon Capture Sequestration projects. Click here for KALB news
( Marie D. De Jesus / Houston Chronicle )The Oklahoma Senate voted Monday in support of a bill to create carbon sequestration or storage in the state, sending SB269 to the House on a 27-18 vote. But the measure has its opponents, some who called it “selling out for money.” Known as the Oklahoma Carbon …
Democrats in a New Mexico House committee decided recently to cut and eliminate state income taxes for many working people but at the same time added a tax hike for the state’s oil producers. The full House prepares to vote on the measure that would add an 0.28% oil and gas equalization surtax when …
** Goldman Sachs Group Inc. cut its oil price forecasts, as tariffs reduce the outlook for US growth while OPEC and its allies boost output. The move follows a drop in crude prices from this year’s high in January on plentiful supply, a weak demand outlook from top importer China and an escalating international trade …
President Trump’s vow to hold Iran responsible for any future attacks by the Houthis on American ships in the Red Sea sent crude oil prices up on Monday. “Every shot fired by the Houthis will be looked upon, from this point forward, as being a shot fired from the weapons and leadership of IRAN,” …
