Oklahoma regulators plan to hold their annual Summer Industry Roundtable Meeting next week regarding the storage of crude oil. The Corporation Commission’s Petroleum Storage Tank Division will hold the meeting on Monday, June 12 at 1 p.m. The purpose of the meeting is to continue engagement with industry stakeholders, review areas where improvements can …
Category: General
Investors to meet with Williams CEO in New York City
After taking part this week in a Reuters Global Energy transition conference, Williams President and CEO Alan Armstrong will prepare for yet another conference later this month. He and Chief Financial Officer John Porter will take part in meetings with investors at the 2023 J.P. Morgan Energy, Power & Renewables Conference. It will be …
Protective EV charging station bill becomes law in Oklahoma
An EV charging station bill that received unanimous support from Oklahoma legislators was signed into law this week by Gov. Kevin Stitt. Senate Bill 502 will allow private businesses such as convenience store operators to install their own Electric Vehicle charging stations without having to compete with electric utilities. The bill also prevents utilities …
Energy briefs
** Roaring wildfires burning across Canadian territories have delivered the types of poor air quality that some of the world’s largest, and most polluted, cities face on a daily basis. Smoke plumes from fires burning in the forests of eastern Canada have drifted to cities like Washington, D.C., New York and Philadelphia, sending them soaring to the …
ConocoPhillips to develop another Alaska oil field
ConocoPhillips, Alaska’s top oil producer, announced it plans to develop the Nuna field, a move that will add a predicted 20,000 barrels of oil to the state’s daily production. The company has held the small field since acquiring it in 2019 from Dallas-based Caelus. Drilling at Nuna is set to begin late next year, …
Xcel Energy makes another shift to renewable energy in New Mexico and Texas
Xcel Energy says it plans to build three solar energy operations in the Permian Basin area of southeast New Mexico and west Texas as the company shifts toward renewables. The company said the solar generating sites will be in Hobbs, New Mexico and Earth, Texas. The projects will augment existing power plants—the Cunningham Generating …
Two Williams Cos. pipeline projects to be finished in 2024
Expect Williams Cos. Inc. to finish two natural gas pipeline projects by the end of 2024 it has underway in New Jersey and Louisiana. It’s what CEO Alan Armstrong told Reuters at the Reuters Global Energy transition conference this week. One of them is the Louisiana Energy Gateway project in Louisiana and Texas which …
While East Coast is under harmful smoke and smog, Oklahoma faces a 4th ozone alert day
Oklahoma City and Tulsa remain under a fourth consecutive ozone alert day. The Oklahoma Department of Environmental Quality indicated the alert is in effect for Thursday, June 8. It comes as harmful conditions exist along the eastern coast of the U.S. New York City was enveloped by a thick haze of yellowish smog, largely …
Big trading day for Oklahoma energy stocks while crude oil made more gains
Wednesday’s trading produced strong results of 5% and 6% gains for some Oklahoma energy stocks while crude oil prices rose 1%. Crude prices gained as Saudi Arabia’s plans for oil production cuts offset worried about rising U.S. fuel stocks as indicated by the Energy Information Administration’s reports on crude stored at the Cushing hub. …
Cushing hub sees gain in stored crude oil while U.S. total slips
The amount of crude oil in storage at Oklahoma’s Cushing hub increased in the past week, while nationally figures saw a slight decline. The U.S. Energy Information Administration reported Cushing held 40.6 million barrels of oil as of June 2 of this year, up 1.7 million from the 38.9 million reported on May 26. …