Category: Oil & Gas

Energy briefs

** Debris from a broken offshore wind turbine has for days been washing up on the Nantucket shore, prompting beach closures and frustrating locals at the peak of the summer season. The massive turbine blade – as long as a football field – was part of the Vineyard Wind farm off the coast of Massachusetts and its islands, Martha’s Vineyard …

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Conservative group says campaign contribution should force Judge to recuse herself in anti-ESG lawsuit

A Washington, D.C.-based conservative group, the American Accountability Foundation, is raising a conflict of interest allegation against the Oklahoma County Judge set to hear Friday arguments in the lawsuit challenging Oklahoma’s anti-ESG Act. The Foundation’s President Thomas Jones released a statement late Thursday saying attorney Collin Walke, who represents the state retiree who filed suit …

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Weak performance but steady for crude oil prices while OK energy stocks suffered Thursday

The fact that crude oil prices on Thursday managed only weak gains might have prompted the big losses suffered by most Oklahoma energy stocks as some firms saw declines of 11%. Analysts described the national and international oil trading as “steadied” as investors and buyers couldn’t come to solid grips with signals about crude oil …

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Judge to hear challenges in anti-ESG lawsuit

  Legal moves taken by Oklahoma Attorney General Gentner Drummond to defend the state treasurer in a lawsuit attacking the constitutionality of the Oklahoma anti-ESG law go before an Oklahoma County District Judge on Friday—the same judge who suspended enforcement of the Act a few months earlier. District Judge Sheila Stinson, who temporarily halted enforcement …

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Democrats in Congress want fast implementation of rules to cut methane emissions

    New Mexico U.S. Sen. Martin Heinrich, a Democrat on the Senate Energy and Natural Resources Committee led a push by 40 lawmakers for Transportation Secretary Pete Buttigieg to put the wraps on a strong Gas Pipeline Leak Detection and Repair Rule to reduce methane emissions, especially in the nation’s oil and gas fields. …

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Oklahoma still one of the cheapest places for gasoline in the country

  Despite rising from $3 a gallon average in the past month to $3.14 a gallon for gasoline this week, Oklahoma remains one of the top ten states with the cheapest gasoline prices in the country. AAA reported the new state average is a penny lower than a week ago but 14 cents higher than …

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Energy briefs

** An anonymous whistleblower will receive more than $37 million for helping financial regulators investigate misconduct, according to the US Securities and Exchange Commission. Neither the enforcement action nor the identity of the whistleblower were disclosed, following agency policy. ** Several environmental advocacy groups, including the Environmental Integrity Project, Earthjustice and the Sierra Club have …

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John Deere is latest to dump ESG and DEI policies

  While DEI and ESG policies are in Oklahoma news— the lawsuit challenging the state’s anti-ESG law and how BlackRock has been banned from state business, two more major companies have decided to drop their similar policies. And both are synonymous with Oklahoma farming. John Deere, the farm equipment maker is the latest to announce …

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Earnings drop reported by Blackstone

  Blackstone, one of the most dominant financial firms blacklisted by Oklahoma over the company’s ESG policies that discriminate against the oil and gas industry, reported a drop in earnings for the second quarter. The company announced it made profit gains in credit and private equity but also suffered a drop from fee-related earnings that …

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ONEOK dividend declared

  Investors in ONEOK, Inc. are being given a nearly one dollar a share dividend as the result of action this week by the board of directors, an action that will result of nearly $4 a year for each owned share. The board voted to support a quarterly dividend of 99 cents per share, the …

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