Oklahoma U.S. Sen. James Lankford was named this week by Senate GOP Leader Mitch McConnell to join the Senate Committee on Energy and Natural Resources making him one very busy member of Congress. Lankford will remain on the Senate Committee on Finance, the Senate Select Committee on Ethics, the Senate Committee on Homeland Security and …
Tulsa’s Magellan Midstream Partners LP reported its net income in the fourth quarter suffered a 36% drop because of the COVID-19 pandemic and the slashed demand for refined products. Net income for the quarter was $183.9 million compared to $286.4 million from a year ago. The company leadership blamed not only the pandemic but …
Layoffs at Siemens Energy have hit Tulsa where the company is laying off 22 employees and closing its facility. The German-based company announced plans earlier this week that it planned to eliminate 7,800 jobs worldwide by the end of its 2025 financial year. About 1,700 of them would be in the U.S. and it appears …
While President Biden made unilateral moves against the oil and gas industry without consulting its leaders, his EPA nominee Michael Regan told Oklahoma U.S. Sen. Jim Inhofe on Wednesday he will “bring everyone to the table” before making his big decisions. Regan went before the U.S. Senate Environmental and Public Works Committee where he …
Oil futures were up in Wednesday’s trading and so were shares of Oklahoma energy stocks. It was the third straight trading session for an increase in oil and gas shares as global inventories continued to slide. West Texas Intermediate crude for March delivery ended up 93 cents to close at $55.69 a barrel in …
A State legislator in Texas wants to adopt a law similar to one in Oklahoma that would prevent local governments from prohibiting or restricting the use of natural gas in residential and commercial buildings. Rep. Jay Dean filed House Bill 1501 which is called the Natural Gas Protection Act. He said in a press …
Tulsa’s ONE Gas, Inc. plans to release its fourth quarter and full year 2020 financial results on Feb. 17. The company said the results will be released after the closing of market on that Wednesday. A conference call will be held by the company’s executive management team the next day, Thursday Feb. …
Oklahoma Congresswoman Stephanie Bice was among Republicans in Congress who gathered Tuesday in Houston to criticize President Biden for his actions against the oil and gas industry. The Freshman U.S. Representative said his policies were “decimating” the industry. She spoke during a news conference at the Port of Houston where House Minority Leader Kevin …
** The U.S. has gone to court in an attempt to seize 2 million barrels of oil that it claims came from Iran. The Department of Justice filed a case in a U.S. district court, seeking to seize the cargo on the Greek-owned Achilleas tanker, according to a statement on Tuesday. ** U.S. President Joe Biden’s administration has …
The state of Oklahoma was considered a “laggard” in a first of its kind report on the efforts of states to develop the growth of electric vehicles. Oklahoma was one of 21 states that were unranked in the report released by the American Council for an Energy-Efficient Economy. The analysis ranked California number one …
