** The U.S. Commerce Department has seized control of a $7.4 billion semiconductor research fund from the National Center for the Advancement of Semiconductor Technology (NATCAST), a private non-profit set up during the Biden administration, as per Reuters. Describing it as a “slushfund,” for ex-Biden admin officials, the Commerce Department promised greater oversight and accountability for …
Category: Oil & Gas
Rocket fuel company in talks to buy land for plant in Lawton
Firehawk Aerospace, the company wanting to build a rocket fuel manufacturing plant in Lawton is still attempting to buy property in the city. The sale has yet to be approved by the Comanche County Industrial Authority which discussed the issue in a recent executive session. Firehawk earlier announced intentions to build a $23 million …
Crude oil dropped Tuesday as investors are still worried and wary
Crude oil prices took a 2% plunge on Tuesday and Oklahoma energy stocks went along for the fall. Nervous investors are still wary about U.S. tariffs, the slow movement of any possible peace talks over the war in Ukraine and how those developments could affect Russian fuel supplies. West Texas Intermediate crude dropped …
Energy briefs
** Global investment in renewable energy projects hit a fresh record this year but fell in the U.S., an analysis released this week shows. U.S. spending fell by $20.5 billion, or 36%, from the second half of 2024 in what the firm calls a response to the U.S. presidential election. It was the steepest drop …
“Audit” remains the focus of challenge to rate decisions by Corporation Commission
As defined, the word “audit” is said to be an “official inspection of an individual’s or organization’s accounts, typically by an independent body.” The definition is also what is driving Rep. Tom Gann and two other legislators to continue their legal challenges at the Oklahoma Supreme Court of the so-called audits of the …
Drive-In Theater fights oil well drilling site at Chickasha
The operators of the oldest drive-in theater in Oklahoma are in a fight to stop an oil drilling rig from locating about 500 feet from their business in Chickasha. Barbara Egbert, who along with her husband Greg, runs the Chief Drive-In Theater south of Chickasha off highway U.S. 81 in Ninnekah. They’re at …
Oil and gas Expo just weeks away in OKC
The largest and longest-running oil and natural gas event in the state is back! The 28th Annual Oklahoma Oil and Natural Gas Expo is set to take place on October 9th at the OKC Fairgrounds Bennett Event Center. With a rich history spanning 28 years, the Expo provides a platform for networking, showcasing …
Judge revives lawsuit over Denver large building energy standards
A federal judge in Denver has revived a lawsuit challenging the state of Colorado and the city of Denver’s energy standards for large buildings, a suit that originally had been dismissed in March. U.S. District Judge Regina M. Rodriguez made the ruling after some apartment and hotel trade groups filed an amended complaint. …
EIA expects record U.S. natural gas consumption in 2025
The U.S. Energy Information Administration is out with a forecast that natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In its latest Short-Term Energy Outlook, it expects natural gas consumption to increase across all sectors except for electric power, …
Vital Energy acquired by Houston energy firm in $3.1 billion agreement
Tulsa’s Vital Energy is being acquired by Houston shale producer Crescent Energy in a $3.1 billion all-stock deal. The merger is expected to close by the end of the year and would add operations across the Eagle Ford and Permian Basins and the Uinta Basin in Utah with one of the nation’s largest independent …