Halliburton Company announced its commitment to set science-based targets to reduce greenhouse gas (GHG) emissions. The company submitted its commitment letter to the Science Based Targets initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. With this commitment, Halliburton will submit targets in 2021 …
New Mexico Democratic Rep. Deb Haaland has picked up more support in a movement to have to become Interior secretary in a Biden administration. POLITICO reported that more than 50 House Democrats formally backed her in a letter sent this week to President-elect Biden. As OK Energy Today reported, Haaland is being vetted for …
If anyone had hopes that perhaps Tinker Air Force Base might become the new headquarters for U.S. Space Command, they were dashed when the Air Force announced this week that six locations survived the first round of cuts and Oklahoma was not included. At one point, chamber of commerce officials had hoped the giant …
By all indications from the Oklahoma Energy Index, the state’s energy recovery from the effects of the COVID-19 pandemic might take longer than expected—perhaps not until late next year or even until 2022. The Index was released on Friday showing a nearly 37% decline compared to a year ago and a 0.6% drop just …
** President-elect Biden’s pledge to halt new drilling on public lands will face numerous obstacles, including resistance from some Democratic governors reported the Washington Post. ** ConocoPhillips is planning to restart some drilling operations on the North Slope next year according to Alaska Public Media. ** Environmental activist Erin Brockovich slammed president-elect Joe Biden on Thursday for choosing Michael McCabe, a former DuPont …
Considered the pipeline crossroads of the world, the Cushing crude oil tank farm is filling up again close to the levels it reached in May when oil prices not only crashed, but crashed hard. Stockpiles reached 61.6 million barrels as of Nov. 16 which represents about 81% of capacity at the delivery point for West …
Helmerich and Payne’s losses increased to 59 million in the fourth quarter that ended September 30, 2020 which represented 55 cents for diluted share. The company’s third quarter losses were $46 million. The fourth quarter operating revenues for the Tulsa-based company were down to $208 million from the $317 million for the quarter that …
Manufacturing activity in Oklahoma and other states that make up the 10th District of the Federal Reserve Bank of Kansas City continues to grow but only modestly. The November Manufacturing Survey, according to Chad Wilkerson, vice president and economist at the bank showed manufacturing activity is still below levels of a year ago but …
While oil futures fell Thursday apparently because of concerns about new restrictions on growing numbers of COVID-19 cases across the U.S., energy stocks surrendered gains made earlier in the week. Investors apparently are worried the restrictions will only weaken energy demand even more. West Texas Intermediate crude finished down 12 cents at $41.62 per …
As they sat divided by newly-installed plexiglass partitions, Oklahoma Corporation Commissioners on Thursday voted to extend their COVID-19 restrictions and precautions. Two of the commissioners, Bob Anthony and Dana Murphy wore masks as required under this week’s executive order issued by Gov. Kevin Stitt. Commission chairman Todd Hiett did not wear a mask as …
