Economic analysts warned that New Mexico could be unable to rely on its oil and gas industry as the market continues to struggle amid the COVID-19 pandemic. Lease fees, royalty payment and taxes from oil and gas operations accounted for about 30 percent of the state’s budget in recent years, per a recent study from …
The backlog of renewable energy projects that NextEra expects to construct over the next few years grew by about 1,450 MW in the third quarter and now exceeds 15 GW, more than the total current renewables portfolio of its wholesale generating subsidiary, NextEra Energy Resources, the company announced during its Q3 earnings call on Wednesday. NextEra …
As the Nov. 3 general election approaches, the Oklahoma Department of Transportation reminds political candidates and volunteers to stay safe, save taxpayer money and keep Oklahoma’s highways and interstates free of unsightly, damaging and costly litter by keeping campaign signs out of highway rights-of-way. Placing campaign signs to help promote candidates may be a …
Senator James Lankford (R-OK) joined Senator Shelley Moore Capito (R-WV) and his colleagues in a letter to Environmental Protection Agency (EPA) Administrator Andrew Wheeler concerning the Renewable Volume Obligation (RVO) under the Renewable Fuel Standard (RFS) for 2021. They are asking the EPA Administrator to use his statutory authority under the Clean Air Act to cite “severe economic harm” and grant …
The latest rig count provided by Enverus shows a 3% increase in the number of rigs active in the different basins in the U.S. The number of rigs running in the US rose by nine in the last week to a total of 332, as of Oct. 21. The count is up 12% in …
A former senior EPA official is suing the agency as well as the Department of Energy over alleged retaliation after he raised concerns about ex-Administrator Scott Pruitt’s excessive spending and mismanagement. Pruitt was grabbed by Trump when he was Oklahoma Attorney General to administer the EPA. E and E News reported Kevin Chmielewski, once …
Corn. It’s not just for summer cookouts or animal feed anymore. For years, Midwest corn producers have been supplying feedstock for ethanol. Now, a team of researchers led by the University of North Dakota is working on a project to turn corn plant waste into jet fuel. More on that, after today’s headline roundup, starting …
** Gulf Power seeks to recoup $200 million that it spent to restore power after Hurricane Sally from ratepayers. ** Duke Energy begins recycling coal ash at three North Carolina plants, as required by state law. ** Louisiana lawmakers approve a tax break for the oil and gas industry as it struggles through the pandemic. ** Japan has unveiled a new 500 kilometers per hour …
Valero reported a third quarter loss of $464 million or $1.14 per share, a far cry from the $609 million in net income or $1.48 per share for the third quarter of 2019. The company’s adjusted net loss was $472 million or $1.16 per share compared to a third quarter 2019 adjusted net income …
Iowa’s economic development arm and a shuttered ethanol plant at Emmetsburg that had promised to produce millions of gallons from crop waste have reached a settlement that lets the company off the hook for millions of dollars in tax incentives. The Associated Press reported the Iowa Economic Development Authority approved a settlement with Poet …
