** A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. ** The possible lifting of U.S. sanctions on Iran’s oil exports could deal a fatal blow to …
Category: General
Texas rancher leads his own crusade against growth of solar and wind farms
Oklahoma farmers and ranchers who joined forces in recent months in a growing movement against the expansion of wind and solar projects will likely sympathize with a Texas farmer’s similar rejection of the renewable energy industry into his region. It’s a story of central Texas farmer Robert Fleming who has undertaken his own crusade …
Reversal on New York’s offshore wind farms—could it open the doors for Williams and its gas pipelines?
The decision by the Trump administration this week to lift a stop order on the offshore wind farm in New York raised a possibility that New York Gov. Kathy Hochul might have changed her mind about allowing more natural gas into her state. And that could be good news for Williams in Tulsa …
Electric grid anticipates plenty of power to meet higher summer temperatures
Southwest Power Pool (SPP), responsible for coordinating electric reliability in a 14-state area in the central United States, expects to have enough generation to meet energy demand despite higher regional temperatures this summer. SPP will present its summer reliability forecast during its bi-annual Seasonal Preparedness and Emergency Communications User Forum meeting May 19. “Reliability is …
Continental Resources files lawsuit against Hess
Oklahoma City’s Continental Resources has gone to court in Texas with a lawsuit against Hess Corp claiming it was defrauded by up to $69 million in deals it had with the well operator. The lawsuit contended that Continental Resources was cheated out of $34 million to $69 million in revenue from oil and gas production. …
PSO defends power plant acquisition—others urge regulators to deny its request
Public Service Company of Oklahoma defended its proposed acquisition of a Jenks power plant arguing a recommended denial by a Corporation Commission Administrative Law Judge was in error. “The Administrative law judge was in error and misconstrued the rules of the Commission,” argued attorney Jack Fite on behalf of PSO which filed a …
Crude oil prices inched upward on Iran’s response to nuclear talks
Crude oil prices up…Oklahoma energy stocks down. It summarized the results of trading on Monday. A breakdown in U.S. talks with Iran over its nuclear program sent crude prices upward. Iranian state media quoted a Deputy Foreign Minister as indicating the talks will go nowhere if the U.S. continues insisting that Tehran stop all …
Legislator fights $4 billion aluminum plant supported by Governor
Oklahoma Gov. Kevin Stitt called it a “monumental day for Oklahoma” in referring to his recent announcement of a $4 billion investment by Emirates Global Aluminum in an industrial plant near Inola. Rep. Jim Shaw, R-Chandler calls it “crony capitalism” and came out in opposition to the state coming up with hundreds of millions …
Future options explored for Helmerich and Payne’s Utica Square shopping center
Major oil and gas firm Helmerich & Payne, Inc. announced this week big plans for development in another sector of its investments beyond oil and gas rigs. The Tulsa-based company is also owner of the Utica Square shopping center, a 40-store development the company acquired in 1964 when Walt Helmerich signed the purchase agreement …
New royalty law in Arkansas could face constitutional challenge
Media reports indicate there is growing concern about a new law in Arkansas created to protect royalty owners in the Fayetteville Shale. One oil and gas group is talking of a possible constitutional challenge. The Arkansas Democrat-Gazette reports the new law that will take effect in August is opposed by the Arkansas Independent Producers and …