ConocoPhillips announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), in Jefferson County, Texas. Under the agreement, ConocoPhillips will offtake LNG over …
Even as Williams is hoping to land New York approval of finally constructing natural gas pipelines in the state, it’s still facing a strong push from environmentalists and other critics. The latest contention came after Lee Zeldin, Administrator of the U.S. Environmental Protection Agency wrote a Boston Globe op-ed published this month in which …
The Barclays CEO Energy-Power Conference in New York City will be held next week and representatives of two major Oklahoma energy firms will make presentations. Williams President and Chief Executive Officer Chad Zamarin along with Chief Financial Officer John Porter are scheduled to participate in meetings with investors at the upcoming 2025 Barclays …
( Photographer: Eddie Seal/Bloomberg) Another slump in oilfield employment has been reported by Texas officials while Oklahoma’s numbers showed a loss of less than 100 workers in the upstream oil and gas industry. Oklahoma’s employment was reported to total 48,243 compared to 48,329 a month earlier. The state’s oil and gas employment since November 2024 …
Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, June 2025 A new government report predicts the production of electricity from solar projects throughout the U.S. will increase markedly this year. What might factor into the growth is the impact of the Trump administration’s decision to stop government subsidies for solar farm construction. …
By Mike W. Ray Southwest Ledger The typical return-on-equity for a public electric or natural-gas utility in Oklahoma today is approximately 9.5%; the national average is 10%. But with utility rate hikes occurring year after year, many consumers are questioning why ROEs for monopolies such as public utilities aren’t lower. “There was …
** U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total oil purchases, up from under 1% before the …
While investors waited for word about a meeting of leaders to discuss a possible end to the fighting in Ukraine, crude oil prices shot up nearly 2% on Wednesday. Plus, there was a bigger-than-expected weekly drop in U.S. crude inventories. The U.S. Energy Information Administration said energy firms pulled 6.0 million barrels of crude …
The U.S. saw a drop of 6 million barrels of crude oil in storage as of the most recent reporting period field by the U.S. Energy Information Administration. The report issued on Wednesday indicated that as of the week of August 15, the total crude in storage was 420.7 million barrels, down from the …
Oklahoma Attorney General Gentner Drummond is among 23 state Attorneys General questioning the legality of a new net-zero carbon emissions standard for businesses under state and federal law. Led by Iowa Attorney General Brenna Bird, the attorneys general co-signed a letter to David Kennedy, CEO of the Science Based Targets initiative which recently …
