Iowa U.S. Sen. Chuck Grassley calls it an “outrageous giveaway” and wants to raise the royalties paid by oil and gas companies for production on federal lands. He’s joined forces with New Mexico Democratic Sen. Tom Udall in introducing what they call the Fair Returns for Public Lands Act, one that would increase royalties …
** Chevron Corporation announced Thursday a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. ** EPA Administrator Andrew Wheeler is quarantining after exposure to a person diagnosed with Covid-19. Wheeler had contact earlier this week with a masked person who …
West Texas Intermediate crude could soon become a part of the global oil benchmark Brent Crude. Bloomberg says S and P Global Platts is considering including WTI Midland crude to its main North Sea benchmark, a move it reports could potentially transform a marker price for millions of barrels of crude oil transactions every …
When NextEra Energy put Oklahoma’s first battery energy storage system on line last month near Marlow, it joined a quickly growing national movement of energy storage. In the last three months, the energy storage market in the U.S. has boomed reported QUARTZ which stated that new data from Wood Mackenzie gave a major boost …
The shutdown of Shell’s refinery in Convent, Louisiana started this week. Unable to sell the 211,146 barrel-per-day refinery, Shell made the decision last month to permanently close the operation. The operation had been suffering due to the COVID-19 pandemic and lack of demand for gasoline. Click here for story from Reuters.
Fox News reported Wednesday night that New Mexico Democratic Gov. Michelle Lujan Grisham turned down an offer to become Interior Department Secretary in a Biden administration. The network quoted sources for its late afternoon report. Earlier, there had been broadcast and published reports, including by Fox News that Gov. Grisham was being considered to …
While OPEC+ continued squabbling over possibly ending its extension of restrictions on oil production, crude prices were mixed in Wednesday’s trading, falling in the U.S. and climbing in Europe. West Texas Intermediate crude for January delivery ended down 43 cents for a nearly 1% fall to $44.85. However, during the day its price reached …
OGE Energy Corp. announced Wednesday its Board of Directors had approved a first quarter dividend to be paid next month. The dividend of $0.4025 per share of common stock will be paid Jan. 29, 2021 to shareholders of record on Jan. 11 of the new year. The amount is the same as the dividend …
Oklahoma City’s LSB Industries, Inc. will take part in virtual meetings with investors at the upcoming UBS Chicago Virtual Agricultural and Industrial Chemicals Conference. LSB’s President and CEO, Mark Behrman will host the meetings on Thursday, Dec. 10 starting at 8 a.m. Central Time. The company announcement indicated he will be available for one-on-one …
Tulsa’s Williams Companies plans to take part in next week’s 2020 Wells Fargo Virtual Midstream Utility Symposium. The company’s Chief Financial Officer, John Chandler will represent the firm in what’s described as a fireside chat Q and Q session on Wednesday, Dec. 9. Chandler became the senior vice president and chief financial officer in …