** Crescent Energy Co. has closed on its divestment of non-operated Permian Basin assets for $83 million as part of the company’s plans to sell $250 million of non-core divestures, Crescent CEO David Rockecharlie said April 22. ** Activist investor Elliott Investment Management should back down from its push to break up energy company Phillips …
Category: Wind Energy
Energy briefs
** TotalEnergies announces the start of production from the deepwater Ballymore field offshore U.S., in which the Company has a 40% interest alongside operator Chevron (60%). Located 120 kilometers off the Louisiana coast and launched in May 2022, Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50 million …
Energy briefs
** Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk’s company from having to pay for repairs. The plaintiff Nyree Hinton alleged that Tesla odometer readings reflect energy consumption, driver behavior and “predictive algorithms” rather than actual mileage driven. ** Tesla is …
Transmission line land fight echoes Oklahoma dispute
Nearly six months after lawsuits were filed when a Garfield County farm couple refused to allow surveyors onto their land for the Cimarron Link transmission line across northern Oklahoma, a similar story is being played out on the other end of the U.S. More than 100 property owners in Central Maryland have done the …
Arkansas legislature approves more restrictions on wind industry
Just as some Oklahoma legislators have targeted the wind industry for more restrictions this year, in Arkansas, the legislature just approved a bill doing the same. It’s a bill that wind farm supporters contend will cripple the industry. Still, it’s on its way to the governor’s desk to become law. They also claim …
Energy briefs
** The Trump administration issued an order Wednesday to stop construction on a major offshore wind project to power more than 500,000 New York homes, the latest in a series of moves targeting the industry. Interior Secretary Doug Burgum said it needs further review because it appears the Biden administration rushed the approval. ** The U.S. Army Corps …
Regulators advised—don’t rush to make utility pole changes
After months of study, the Oklahoma Corporation Commission is being advised it should take little action when it comes to a call to require stronger wooden poles used by utilities in the state. The recommendation comes from the Commission’s Public Utilities Division which reached its conclusions following a Notice of Inquiry launched last …
Latest private meeting by state regulators longer than public session
Within minutes of concluding their regular public meeting on Tuesday, Oklahoma Corporation Commissioners almost immediately held another meeting, one that did not include the public and fell under the new state law allowing gatherings exempt from the Open Meeting Law. A filing of the Open Meeting Act Exempt Event Compliance Form on Wednesday …
Energy briefs
** Honda is reportedly preparing to significantly expand its US manufacturing footprint by up to 30% over the next two to three yearsin response to the Trump administration’s sweeping new tariffs on foreign imports. The Japanese automaker is considering shifting production of several key models from Mexico and Canada to the US. ** Dallas-based Vaquero Midstream, a natural …
NextEra Energy 1Q results to be released
After earnings of more than $1 billion in the fourth quarter of 2024, NextEra Energy plans to unveil its first quarter 2025 results next week. The Florida firm, with heavy commitments in Oklahoma’s wind and solar industry, will release the results before the opening of the New York Stock Exchange on Wednesday, April 23, …