Six investment firms whose ESG policies are considered to be discriminatory against oil and gas have been banned from doing business with Arkansas state agencies. The Arkansas ESG Oversight Committee voted recently to prevent state investments with Credit Suisse, Goldman Sachs, Royal Bank of Canada, TD, UBS and Nomura and their asset …
Category: Oil & Gas
Sixteen states including Oklahoma challenge Biden’s LNG permit freeze
Sixteen Republican attorneys general, including Oklahoma AG Gentner Drummond, filed suit against the Biden adminstration over the President’s freeze on federal permits for new LNG exports. Led by Texas and Louisiana, the states are demanding that the Energy Department reverse its ban announced in January. “This ban disregards statutory mandates, flouts the normal regulatory …
Crude oil ended weaker following Thursday’s trading
Weaker U.S. gasoline demand data led Thursday to a drop in crude oil prices. Adding to the pressure was a UN draft resolutlion that called for a ceasefire in Gaza. West Texas Intermediate crude for May fell 20 cents or 0.3% to $81.07 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
ConocoPhillips to release 1Q earnings report in early May
Make a note if you are an investor in ConocoPhillips. The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2. It will followup the release with a conference call on the same day at 11 a.m. central time where leadeers will …
Oil and gas leaders berate those who want green energy now
Green energy took at hit this week as oil and gas leaders gathered for the annual CERA Week conference in Houston, Texas. There, the heads of some of the leading oil and gas companies complained that the effort by the Biden administration and other world leaders for a clean energy transition was “visibly failing.” …
Wyoming Senator joined Lankford in targeting Janet Yellen
Wyoming U.S. Sen. John Barrasso used the same hearing as Oklahoma U.S. Sen. James Lankford to target the Biden administration’s anti-oil-and-gas policies as Treasury Secretary Janet Yellen attempted to defend them. He too pressured Yellen about the administration’s $110 billion tax hike targeting American energy. Senator Barrasso called out Secretary Yellen and the Biden …
Sen. Lankford takes on Treasury Secretary about buying Venezeulan and Iranian oil
Oklahoma U.S. Sen. James Lankford had some pointed words and questions of Treasury Secretary Janet Yellen why the Biden administration is targeting American oil and gas producers while at the same time the nation is buying more oil from Venezuela and Iran. It came during a Senate Finance Committee hearing on the President’s Fiscal …
Oklahoma Energy Producers Alliance convention starts in OKC
Vertical well drillers in Oklahoma gather Friday in Oklahoma City for the annual convention of the Oklahoma Energy Producers Alliance. Held at the Embassy Suites Hotel on North Phillips Avenue, the convention will begin with a 9 a.m. welcome by David Little, OEPA Chairman. A general session on Energy Rogue will begin at 9:15 …
Scam Alert issued by Oklahoma Corporation Commission
Scam Alert! The Oklahoma Corporation Commission (OCC) has been notified of emails being sent to Oil and Gas Operators from a “no reply” sender claiming to be from OCC. The email is claiming outstanding fees are due, and that permitting fees will be increasing. If you get such an email, do not click …
Attorney General quiet about status of winter storm natural gas investigation
We’re approaching eight months since Oklahoma Attorney General Gentner Drummond announced the launching of an investigation into the 2021 winter storm that led to historic natural gas prices in the state. As the Oklahoma Watch found out, there has been little progress, at least publicly, about the investigation. If there is progress as promised …