“From the gas station to the grocery store, President Biden’s war on energy is making life unaffordable for the hardworking people of this country and forcing us to be dangerously reliant on supply chains controlled by the Chinese Communist Party.” It’s what Rep. Cathy McMorris Rodgers declared as she and other Republican leaders in …
Category: Oil & Gas
Phillips 66 moves ahead with conversion of refinery in California
Phillips 66, the company that got its start in Bartlesville, Oklahoma and is now headquartered in Houston, is putting a lot of money on the line in revamping a California refinery and making it a massive renewable diesel plant. The project involves its 127-year old complex in Rodeo, California and while Phillips 66 proclaims …
US and world quick reads
** U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. “I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” Biden …
Short energy stories from the US and the world
**The Biden-Harris administration is continuing its push to make electric vehicle ownership a reality across the country, particularly in Black and brown communities that have been most affected by climate and environmental issues and high gas prices. his week, the administration opened up applications for a $2.5 billion grant program allowing states and municipalities to begin …
BCE-Mach III creates more producers in Oklahoma’s STACK play
Two years after BCE-Mach III LLC expanded its Anadarko Basin holdings to 46 counties in western Oklahoma, the Texas Panhandle and Kansas, the company recently filed completion reports on a series of four Kingfisher County wells. The four Lincoln Southeast Oswego Unit wells were completed in January and the largest producer, with 489 barrels …
Crude oil and OK energy stocks took another hit on Friday
Crude oil prices settled lower on Friday by more than 2%, reversing gains made earlier in the day. Oklahoma energy stocks also suffered losses in the day’s trading. Analysts blamed banking sector fears for both Brent crude and WTI to reach their biggest weekly declines in months. West Texas Intermediate crude fell $1.61 a …
Oil and gas rig numbers grew in Oklahoma and the US in the past week
Rig numbers made gains in Oklahoma and across the U.S. in the past week according to figures released Friday by Baker Hughes Co. Oklahoma’s count grew by one to reach 62, significantly more than the 49 reported one year ago. Across the U.S., numbers increased by 8 to 754 rigs. But the number of …
Biden administration joins Colorado lawsuit against Suncor refinery
Showing its intent on fighting climate change, the Biden administration has joined a lawsuit by local Colorado governments against Suncor, the Canadian energy giant with a refinery near Denver. The U.S. Department of Justice filed a legal brief and argued that the Colorado case against Suncor should be heard in state court reported The …
Former Oklahoma regulator says legislators should pass bill to stop utility rate hikes
One former Oklahoma Corporation Commissioner contends the state legislature has an opportunity to stop the kind of soaring utility bills that have hit customers following the 2021 Winter Storm Uri. Writing in The Oklahoman, Jeff Cloud, now Executive Director of the Alliance for Security Energy, said legislators should pass SB1103 which he says is …
ExxonMobil opens expanded Beaumont refinery
ExxonMobil announced the successful startup of its Beaumont, Texas refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than a decade …
