Small refinery operators, including one in Oklahoma who were the target of a Denver Federal Appeals Court ruling regarding waivers exempting them from the nation’s biofuels regulations have filed a challenge to the decision. Court records indicate appeals were filed Tuesday by the Wynnewood Refining Company, HollyFrontier Cheyenne Refining, LLC, HollyFrontier Refining and Marketing, LLC and …
Big pay cuts have struck Occidental Petroleum Corp in Houston. Reports suggest the company will cut employee salaries by up to 30%, according to an internal memo reviewed by Reuters, as the debt-laden U.S. oil producer tries to save cash amid tumbling energy prices. Global oil prices have dropped 60% since January as fuel …
Attorney General Mike Hunter issued a consumer alert after receiving reports of individuals attempting to sell at-home tests for the Coronavirus. Attorney General Hunter said Oklahomans need to be on high alert for scam artists trying to sell or administer home-testing kits for COVID-19. “There are currently no credible test kits on the market for …
The price of oil in the mid $20 hasn’t caused ConocoPhillips to back off drilling interest in the Eagle Ford Shale of South Texas. It recently obtained 11 permits to drill in the shale play, according to the San Antonio Business Journal. Operating as Burlington Resources Oil & Gas Co. LP, ConocoPhillips submitted applications with …
The dramatic decline in oil prices has led to a decision by Phillips 66 to reduce its remaining 2020 capital expenditures by $700 million, lowering the budget to$3.1 billion. It also suspended its share repurchase program. Greg Garland, chairman and CEO made the announcement, reassuring investors that the company is well positioned to manage …
Oklahoma Gov. Kevin Stitt has the support of the Petroleum Alliance of Oklahoma in his decision ordering a shut-down of non-essential businesses in the 19 counties in the state with confirmed COVID-19 cases. “The Petroleum Alliance of Oklahoma recognizes the governor did not take this action lightly, and we thank him for his deliberation,” …
A visibly frustrated Oklahoma U.S. Sen. James Lankford took to the Senate floor on Tuesday, angry over the holdup in a Senate vote on the third phase of relief to address COVID-19. He warned that in his home state several businesses are on the brink of closing their doors unless they can get some relief. …
Oil prices rebounded again in trading on Tuesday but not enough to relieve the concern of the nation’s oil and gas industry as prices still remained in the $20s. West Texas Intermediate crude rose 97 cents a barrel, finishing the day at $24.33, a change of 4.15%. Brent crude rose 57 cents in trading, …
Oklahoma regulators have announced they are allowing schools, libraries and health care facilities receiving funding from the Oklahoma Universal Service Fund to temporarily increase bandwidth for their broadband service. Brandy Wreath, administrator of the OUSF maintained by the Oklahoma Corporation Commission made the announcement on Tuesday. He said those eligible facilities who receive the funding …
More than 500 solar companies are asking Congress for help as the coronavirus takes a toll on their industry. “We are also faced with a reality we can’t ignore: the solar industry could lose up to half its workforce as a director result of COVID-19,” said Abigail Ross Hopper, president and CEO of the Solar …
