** The Biden administration will waive sanctions on the corporate entity and CEO overseeing the construction of Russia’s Nord Stream 2 pipeline into Germany, according to two sources briefed on the decision. The decision indicates the Biden administration is not willing to compromise its relationship with Germany over this pipeline and contradict’s Biden’s campaign rhetoric in which …
Category: Oil & Gas
Petroleum Alliance staff makes new hire
The Petroleum Alliance, Oklahoma’s largest trade association representing the entirety of the state’s oil and natural gas industry, has announced the addition of veteran environmental and regulatory affairs professional Angie Burckhalter to its staff. Burckhalter joins the Alliance as Senior Vice President of Environmental and Regulatory Affairs and brings with her more than 30 …
Who’s Putin’s ‘puppy’ now?
The Biden administration’s move to waive sanctions on the corporate entity and CEO overseeing the construction of Russia’s Nord Stream 2 pipeline into Germany is expected to draw criticism from Oklahoma U.S. Sen. James Lankford and others who earlier had expressed dissatisfaction over the issue. During the Presidential campaign last fall, Biden accused then-President …
New Mexico Senator wants to ‘electrify’ the US economy
New Mexico Democratic U.S. Sen. Martin Heinrich says the nation should do more to electrify the country’s economy and end the use of fossil fuels. Heinrich, whose state is home to part of the oil-rich Permian Basin which has dumped hundreds of millions into New Mexico’s treasury, introduced his Electrifying America’s Future resolution which …
Gulfport Energy emerges from bankruptcy under new leadership
Oklahoma City’s Gulfport Energy Corp. announced Tuesday it has emerged from Chapter 11 bankruptcy, eliminated more than $1 billion debt, created a new board of directors and come under new temporary leadership. David M. Wood, the Company’s President and Chief Executive Officer retired immediately and Quentin Hicks, Gulfport’s Chief Financial Officer also resigned immediately …
Oil prices slip on news of possible US-Iran nuclear deal
As some analysts predicted a renewed nuclear deal with Iran could affect crude oil prices, it did on Tuesday’s trading. Oil prices fell from a two-month high and it came after reports indicated the U.S. and Iran are making progress on reviving the deal restricting the OPEC country’s nuclear weapons development, a deal that …
Empire Petroleum makes $16 million acquisition in Permian
Empire Petroleum Corporation in Tulsa announced Tuesday that it has acquired in a more than $16 million deal producing oil and gas assets and related gathering assets located in Lea County, New Mexico through its wholly owned subsidiary, Empire New Mexico LLC. The acquisition was made from ExxonMobil Corporation’s XTO Holdings, LLC in a transaction …
Hunter tells Biden to listen to his own Energy Secretary
Oklahoma Attorney General Mike Hunter says President Biden should listen to his own energy secretary who proclaimed pipelines are the safest way to transport fossil fuels. Hunter sent a letter to the President and renewed his call for the President to support additional energy infrastructure including the Keystone Xl pipeline that Biden cancelled. The letter …
Enverus report issued on prospects of oil and gas in the US
Global energy data analytics company, Enverus is out with its latest FundamentalEdge report showing crude oil prices are increasing along with natural gas production in 2021. Entitled “A Delicate Balance,” the Envirus report focuses on the win streak of oil and gas and includes the firm’s five-year market outlook and current view of the …
Baker Hughes in Claremore among those hanging out the “help wanted” signs
The “Now Hiring” sign is out in Claremore including the Baker Hughes operation where the company wants to fill at least 60 jobs. The Claremore Industrial & Economic Development Authority announced Baker Hughes and several other firms are looking to make hires, something that could prove difficult as witnessed nationwide because so many people have …