With daily developments over Venezuela’s oil and gas industry, crude oil prices managed a nearly 2% gain on Friday. First there was a report the U.S. might attempt to use Venezuela’s heavy crude oil to swap for lighter crude and fill the nation’s Strategic Petroleum Reserve. In the end, the government said it would …
Oklahoma held steady for another week in its oil and gas rig activity, according to the latest Baker Hughes Rig Count released on Friday. The state’s total remained at 43 active rigs, which was the same number reported a year ago. Nationally, there was a decrease of one, leaving the total of 543. The …
Rep. Brad Boles, the Republican State House member from Marlow isn’t the only Oklahoma legislator concerned about the impact of AI and data centers. A week after he filed a measure to protect consumers being forced to pay higher electric bills for data centers to obtain their large amount of required power, Durant Rep. Cody …
FERC approves SPP’s large load connection proposal The grid controlling electrical power in Oklahoma and 13 other states won approval from federal regulators for a plan to quickly handle expanded energy projects to meet the power demands of data centers and large industrial projects. It will have an impact on Oklahoma’s electrical power industry …
** U.S. refining companies like Valero Energy and Marathon Petroleum are set to benefit even more from a potential Venezuelan oil resurgence than drillers, as they have the equipment to process the country’s viscous crude. ** Valero Refining Company will begin laying off hundreds of workers at its Benicia refinery this spring in California. In a regulatory …
Oil’s wild ride was buffeted by geopolitical tensions involving Venezuela and Iran and led to a price drop of 4 to 5% on Thursday. The huge fall came a day after Brent crude, the world benchmark, hit a three-and-a-half-month high on Wednesday. Thursday was a different story as prices posted their biggest fall since June …
Devon Energy might be in the business of expanding through a reported possible merger with Coterra Energy. Or it could be an expansion of Coterra Energy. Reuters reported Thursday the two oil and gas firms are “exploring a potential merger” and the news agency said if it occurs, the result would be the creation of …
The American Petroleum Institute convened its annual State of American Energy event, bringing together industry leaders, policymakers and market analysts to examine the forces shaping America’s energy future as demand accelerates at home and abroad. In his keynote address, API President and CEO Mike Sommers outlined the policy choices he said will determine whether …
** A federal judge rules the Trump administration acted illegally when it canceled $7.6 billion in federal grants for clean energy projects in 16 Democratic-leaning states, including Colorado, California, New Mexico, Oregon, Washington, and Hawaii. ** Rival carrier T-Mobile piled on as Verizon struggled through a massive nationwide outage on Wednesday, telling customers its own network …
A data center project proposed around Little Rock could be the state’s largest economic development project in state history with a price tag of $6 billion. Avaio Digital of Connecticut announced the project will be bilt on nearly 800 wooded acres near Interstate 530 in Pulaski County and construction could begin in the …
