Baker Hughes and Chart Industries announced Tuesday they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. Chart is a global leader in the design, engineering and manufacturing of …
The nation’s wind industry is in the bulls eye of Interior Secretary Doug Burgum, who announced new policy measures this week. Among them, an ending of special treatament for what the Department labeled as “unreliable energy sources” and included wind as one of them. The Department might stop some onshore wind development on some federal …
** 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 …
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 …
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 …
Public claims are being made how the Department of Transportation under then-Secretary Pete Buttigieg ignored safety concerns about approving dozens of windmill projects near the nation’s highways and railroads. Drive across Oklahoma and there are numerous wind farms located adjacent to interstates and highways. Whether the warnings pertained to them is unknown. But it’s …
** 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 …
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 …
With temperatures pushing the 100-degree mark in the state and the demand for electricity to keep homes cool, one utility is reminding its customers there is help available in paying the utility bills. Summer heat can put a strain on both energy use and household budgets. During Home Energy Aid Month, OG&E announces new …
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 …
