Construction resumed on the controversial $2.3-billion Texas natural gas pipeline, a spokeswoman for pipeline operator Kinder Morgan Inc said, as authorities investigated a suspicious package found at the construction site the previous day. Construction was halted temporarily on Tuesday, and a Texas Department of Public Safety spokesman said a bomb squad neutralized the suspicious …
Exxon Mobil Corp is assessing worldwide job cuts as the global coronavirus pandemic slices into fuel demand, with the largest U.S. oil company announcing voluntary layoffs in Australia in the latest in a wave of cost cutting. Exxon and other oil majors are axing jobs spurred by a historic collapse in fuel demand because …
With only a few exceptions, most energy companies with Oklahoma connections saw their shares drop in Wednesday’s trading. Alliance Resource Partners dropped 19 cents or 5.74% to $3.12. Chesapeake Energy was one of the exceptions as it saw a 96 cent jump for a 25.84% gain to $4.70 per share. Continental Resources dropped 3.92% or …
Oil futures declined on Wednesday, with U.S. prices settling at their lowest in nearly a month, pressured by a sharp, but temporary drop in domestic crude supplies and production, as output in the Gulf of Mexico sees a strong recovery from Hurricane Laura. West Texas Intermediate crude for October delivery fell $1.25, or 2.9%, to …
A report by the Consumer Energy Alliance says expanded pipeline infrastructure and more dependency on natural gas helped Oklahoma families and businesses save nearly $19 billion between 2008 and 2018. But it also warns those savings are threatened by out-of-state activists. The greatest saving of $16.7 billion came for commercial and industrial users, reported …
** California’s State Water Resources Control Board voted this week to let four gas plants along the Southern California coast to keep operating past the end of the year followed brief rolling blackouts over two evenings last month, as a heat wave caused air conditioning demand to soar, and California found itself short on electricity supplies. …
Oklahoma has been ranked in the top 10 most competitive state for manufacturing and it has state leaders excited about what it means for the state’s ability to attract new industries. The ranking was made by Site Selection Group, a full-service location advisory, economic incentives and real estate services firm. “I am happy to …
Enel Green Power, a company with major wind farm operations throughout Oklahoma and other states has just put online the largest solar farm in Texas and the company’s largest in the U.S. The company says operations at the 245 MW second phase of the Roadrunner solar farm in Upton County, Texas are underway. The …
Despite the efforts of Oklahoma State Chamber of Commerce President Chad Warmington to convince the national chamber to do otherwise, the U.S. Chamber came out this week with an endorsement of Oklahoma Democrat congresswoman Kendra Horn. Warmington tried to tell the national group that she was not supportive of Oklahoma’s oil and gas industry nor …
After letting nearly 200 workers go in February, Oklahoma City-based Devon Energy this week confirmed the layoff of still more of its employees. But the number was not disclosed according to a report by The Oklahoman. The report indicated the number could be into the dozens and perhaps more than 100. “Devon is committed to …
