** An oil company reports it plans to begin operations next summer at a $1.3 billion direct air capture project in Texas as it absorbs one of the Permian Basin’s largest independent oil producers. ** As she looks to secure Pennsylvania voters for the upcoming presidential election, Vice President Kamala Harris is trying — and struggling — to dodge …
Category: Oil & Gas
Occidental Petroleum moves forward on more than $1 billion direct air capture project in the Permian Basin
Just as northeast Oklahoma saw the launching this week of what is described as the second largest direct air capture project in the world, Occidental Petroleum plans to do the same with a $1.3 billion project in the Permian Basin of West Texas. But the company’s project will become the world’s largest DAC operation. …
Crude oil prices fall along with worries about a new war in the Middle East
The fall of crude oil prices on Tuesday result in a day of mixed trading for Oklahoma energy stocks. The decline in oil prices was linked to a seemingly easing of worries about a possible widespread war in the Middle East. Iran has yet to turn its vocal threats into military action against Israel over …
No more coal fired Durango and Silverton trains in Colorado
If you hop aboard the tourist-popular Durango & Silverton Narrow Gauge Railroad train in southern Colorado, don’t expect to smell the coal-fired smoke coming out of the historic engines. It’s gone. No more. Instead, the company phased out its last coal-burning engine this year and switched to five oil-powered engines running on the …
Energy briefs
** Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. ** Volvo’s all-electric semi trucks have reached the landmark of driving 50 million miles, making work safer and quieter for drivers. According to Electrek, Volvo said that if its vehicles had …
Interim studies to focus on electricity, Kiamichi River project and wind farm taxes
Members of the Oklahoma House Energy and Natural Resources Committee already know they will meet in October to focus on a number of related issues. During the hearing on Tuesday, October 22, the committee will spend the entire day discussing water, energy generation and the wind industry. The committee will focus on the topic …
Lucas wants answers—was flawed science behind Biden’s LNG export freeze?
Oklahoma Congressman Frank Lucas and others on the House Committee he chairs are digging deeper into the Biden administration’s decision to freeze exporting U.S. liquified natural gas. And they are raising new concerns about flawed science used by the administration in the LNG pause. Rep. Lucas chairs the House Energy and Science Technology Committee …
ONEOK among firms at Citi’s Las Vegas conference
ONEOK executives are part of a national conference underway this week in Las Vegas. They’re taking part in investor meetings at the Citi Midstream and New Energy Infrastructure Conference. The Tulsa-based company did not identify the executives.
Iran’s threats on Israel results in higher crude oil prices
As the Middle East saber rattling intensified on Monday with Iran threatening to launch more missiles against Israel, crude oil prices shot up more than 3%. At the same time, some Oklahoma energy stocks dropped. The gain for crude oil prices was the fifth consecutive session as the U.S. sent a guided missile submarine to …
Retiree wants conclusion of his lawsuit against State’s anti-ESG law
After winning a judge’s ruling which permanently suspended Oklahoma’s law banning financial firms from discriminating against the oil and gas industry, a state retiree is asking the same Oklahoma County District Judge to grant a final ruling on his lawsuit challenging the constitutionality of the Act. Don Keenan’s attorney, Colin Walke filed a motion …