** A major Pacific oil reserve offline for a decade was restarted in only five months of work by Interior Secretary Doug Burgum, despite pleas from Sen. Adam Schiff, D-Calif., and completion of a reported laundry list of permitting and reviews. The Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) announced Friday it has shepherded the reopening of the …
Category: Oil & Gas
EPA administrator pushes total reversal of Biden’s EV mandates
The Trump administration is getting serious about reversing some of the green energy efforts of the former Biden administration, announcing this week it intends to reverse efforts to limit greenhouse gas emissions from motor vehicles all in the name of fighting climate change. Environmental Protection Agency Administration Lee Zeldin told an audience this …
Trump warns Putin and it sends crude oil prices up nearly 4%
Crude oil prices made another dramatic jump on Tuesday after President Trump doubled-down on his sanctions threat against Russia over its war in Ukraine. Prices shot up more than 3% after the President said he will start imposing tariffs and other measures against Russia “10 days from today” if Moscow did not make …
Energy briefs
** Liquefied natural gas developers led gains for U.S. energy companies in early trading on Monday, after the European Union pledged $750 billion worth in strategic purchases as part of a sweeping trade pact. ** Chevron said it plans to lay off almost 600 Houston workers as part of its monumental acquisition of Hess. Around 575 …
Nuclear energy a focus of the latest non-public meeting of Oklahoma regulators
Oklahoma regulators report they recently held another non-public meeting where nuclear energy was one of the topics of discussion. Under a new law, they have nine months to conduct a study of the use of nuclear powewr in the state. A form filed Tuesday revealed the three Corporation Commissioners, Kim David, Brian Bingman …
Second quarter earnings of Alliance Resource Partners reflects growth in electricity demand
Tulsa-based coal company Alliance Resource Partners, L.P reported reported Second Quarter Financial and Operating Results showing lower net income but increased sales of coal. One sector which led to increased coal burning was the demand for electricity. “Domestic market fundamentals remain constructive as higher natural gas prices, combined with higher power demand, have resulted in strong …
OGE to release 2Q earnings report Wednesday following big 1Q report in March
The second quarter earnings of Oklahoma Gas and Electric will be released early Wednesday morning before the opening of the markets. It comes as the company continues seeing customer growth and some of it is coming from industrial growth in the state. The company intends to hold a conference call at 8 a.m. Oklahoma time. …
Williams announces quarterly dividend with a more than 5% improvement
Less than a week before Williams plans to announce its quarterly earnings report, the Tulsa-based natural gas company also approved a regular dividend and an increased amount. The dividend, as approved by the Company’s board of directors, total $0.50 per share or $2..00 annualized on the company’s common stock. It will be payable …
Petroleum Storage Tank Division to host Industry Roundtable
The Oklahoma Corporation Commission plans an industry roundtable on Wednesday, July 30 to discuss rules and potential issues in the area of Petroleom Storage Tanks. The agency’s Petroleum Storage Tank Division will hold the annual roundtable at 2 p.m. “The purpose of the meeting is to continue engagement with stakeholders, have open conversations …
Hotter weather means greater demand for electricity and higher prices in Oklahoma—critical event at OGE
Hotter weather in Oklahoma means not only higher electricity prices from Oklahoma Gas and Electric Company but a change in an advisory from the Southwest Power Pool. OGE notified customers Monday that the Tuesday rate would be 32 cents per kilowatta hour from 2-7 p.m. but it was followed by a Special Notice …