Iowa biofuels firms voice their displeasure with last week’s U.S. Supreme Court ruling that was in favor of at least one southern Oklahoma refinery that objected to being forced to mandatory Renewable Fuel Standard blending. It was considered a major win for CVR Refinery at Wynnewood and others but in Iowa’s corn country where …
Category: Oil & Gas
Energy news in brief
** Sono Motors, a German company making self-charging electric-vehicles, is giving Tesla a run for its money in terms of cash preorders for its flagship vehicle, and could soon go public. ** A North Dakota energy company agrees to buy the state’s largest coal plant in a deal that’s expected to save the 1,150 MW facility from closing. ** At …
Pipeline protester gets 8 years in prison
The law caught up with one environmentalist who used a cutting torch to damage the Dakota Access Pipeline. As a result, the Iowa woman will face nearly a decade in prison and more than $3 million in penalties. Click here for story from the Ottumwa Courier.
AOC caught in a ‘pinocchio’ claim about oil and gas
Another case of Congresswoman Alexandria Ocasio-Cortez not getting her facts straight in launching an attack on the oil and gas industry. USA Today did some fact-checking about claims the New York Democratic Representative made during a congressional hearing and found she was wrong in what she said about the Keystone XL pipeline. Click here …
$1 billion in Chevon assets in Permian for sale?
Chevon is reportedly trying to unload more of its assets in the Permian Basin. How much? The two collections of conventional oil and gas fields in the basin are valued at more than $1 billion. Reuters reports that three sources confirm the sale attempt as U.S. oil futures have risen more than 50% so …
ConocoPhillips Holds Market Update to Reaffirm Commitment to 10-Year Strategic Plan
Houston-based ConocoPhillips held a market update on Wednesday to reaffirm its commitment to the disciplined, returns-focused strategy it launched in 2016. The company outlined details of a compelling 2022-2031 operating and financial plan that reflects numerous transformational activities undertaken over the past 18 months, most notably the acquisition of Concho. “We believe we’re entering a …
Ascent Resources Releases 2020 ESG Report
Oklahoma City-based Ascent Resources released its 2020 Environmental, Social & Governance Report. The ESG report highlights progress made by the company’s operations and environmental sustainability. It details the private gas producer’s ESG initiatives and future goals. To review the report, click here.
CITGO Agrees to $19.7 Million Settlement For 2006 Louisiana Waterway Discharge Spill
Houston-based CITGO Petroleum Corp. has agreed to pay nearly $20 million to resolve federal and state claims for natural resource damages under the Oil Pollution Act and the Louisiana Oil Spill Prevention and Response Act, according to a published story by 1012 Industry Report. The damage occurred during a 2006 spill of more than 2 …
Brent Crude, WTI Settlements Rise on Tuesday
Amid hopes for future recovery, oil prices stabilized on Tuesday despite concerns about the latest emerging coronavirus variation. Brent crude futures were up 8 cents, or 0.1%, settling at $74.76 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 7 cents, or up 0.1%, ending at $72.98 a barrel. “The market has grown relatively …
Oil and gas industry puts things on hold in exploration
Oil and gas exploration is on hold across Oklahoma and the rest of the country, despite crude oil prices in the $73 range. Oklahoma’s latest rig count showed no change from a week ago when there were 27 active rigs. It’s still a far cry from the 10 rigs active in the state as …