Democrats wouldn’t have anything to do with Oklahoma U.S. Sen. James Lankford’s call this week to continue the country’s current sanctions targeting Iran’s oil industry, financial sector and supporters of terrorism. He introduced the Iran Sanctions Preservation Act to prevent President Biden from lifting sanctions on the Iranian regime. He proposed the Senate pass …
Category: Oil & Gas
Kigali amendment to ban chemicals in refrigerators passes without Inhofe and Lankford support
Oklahoma Sens. Jim Inhofe and James Lankford voted this week against the ratification of an amendment to the U-N Montreal Protocol to phase down the use of hydrofluorocarbons. Referred to as the Kigali Amendment, the measure was passed Wednesday on a 69-27 vote. The amendment was to allow the U.S. to join an international …
Cushing makes slight gain in crude oil in storage
While the war between Russia and Ukraine persists and continues affecting the world’s supply of petroleum, most of the U.S. crude supply depots saw slight gains in the amount of oil in storage. The Cushing hub in Oklahoma reported 25 million barrels of crude oil in storage as of Sept. 16, up from the …
Headlines of other energy stories
** Former New York City Mayor Michael Bloomberg launched an $85 million campaign to block the planned construction of plastic and petrochemical plants across the U.S. on Wednesday, modeled on his decade-long effort to shutter coal plants. ** At least 154 Chinese scientists who worked on government-sponsored research at the U.S.’s foremost national security laboratory over the last …
Oil dropped and so did OK energy stocks as Feds raise interest rate
All it took was a decision by the Federal Reserve to raise interest rates by three-quarters of a point and oil prices took about the same kind of fall in Wednesday’s trading. The 1% slide left prices at a near two-week low and also didn’t do much to boost Oklahoma energy stocks. West Texas …
Gasoline prices rebound after 99 day stretch of declines
Not just nationally, but also in Oklahoma, has the decline in gasoline prices come to an end. It ended across the U.S. after a 99-day stretch of price declines and in Oklahoma, prices rose 12 cents in the past week to reach a new statewide average of $3.44 per regular gasoline according to AAA. …
NGL’s recycling water project featured on Discovery Channel
Advances being made by NGL Energy Partners LP’sWater Solutions segment in sustainable produced water reuse technology and practices were featured recently in an episode of the Emmy-nominated series Tomorrow’s World Today on the Discovery Channel. The Water from the Desert episode explores NGL’s collaboration with XRI Holdings, LLC (“XRI”) — a collaboration providing holistic water management to …
Cheniere announces executive promotion
A promotion for Cheniere Energy’s Corey Grindal means leaving London to work in Houston, Texas. The company announced his promotion to Executive Vice President and Chief Operating Officer effective January 2, 2023. As Executive Vice President and Chief Operating Officer, Grindal will lead the Operations, Engineering and Construction, Shared Services and Worldwide Trading organizations …
Mum at OKC city hall over lawsuit against Corporation Commission
Oklahoma City leaders are not making public comments about the city’s lawsuit challenging Oklahoma Corporation Commissioners over a franchise fee decision linked to the controversial billions of dollars in bonds allowed for utilities from the 2021 Winter Storm Uri. The office of Mayor David Holt did not respond to an inquiry by OK Energy …
Oil and gas production means big cash for New Mexico
$2 billion. It’s how much revenue the oil and gas industry brought into New Mexico in the past year. That’s just in oil and gas royalties according to a report by the Hobbs News-Sun. Click here for News-Sun