While oil futures went up in Wednesday’s trading, Oklahoma energy stocks did just the opposite with one local company seeing a nearly 14% plunge in the value of its shares. Alliance Resource Partners dropped 2 cents or about 1% to settle at $2.77. Blueknight Energy Partners slipped 5 cents for a 3.14% decline to …
U.S. oil futures settled higher Wednesday after U.S. government data showed a third consecutive weekly decline in domestic crude supplies. Oil inventories in Cushing also rose in the past week. West Texas Intermediate crude for November delivery rose 93 cents, or 2.4%, to settle at $40.22 a barrel on the New York Mercantile Exchange. Prices …
(Devon Energy’s Allison Bailey presented STEM grants to Mulhall-Orlando FFA President Baylee Brown (left) and Woodward FFA President Ella Moffet (right).) Two northwestern Oklahoma FFA chapters received boosts to their science, technology, engineering and math (STEM) education thanks to grants from Devon Energy. Mulhall-Orlando FFA will use a grant to purchase a UV safety glass sanitation …
** SpaceX discovered unexpected erosion on its Crew Dragon spaceship’s heat shield after its first astronaut mission. A SpaceX executive said the crew members — NASA astronauts Bob Behnken and Doug Hurley — were never in danger. But as a precaution, SpaceX has updated the heat shield ahead of its next crewed launch in October. ** NASA wants …
It took more than two years to create and now a year after the city of San Antonio, Texas passed a pledge to do its part to stop the effects of global climate change, the city has been told its plan is unworkable. It was October of 2019 when the city adopted the Climate …
Engineering Boeing won a $40 million contract modification for KC-46 engineering, manufacturing, and development. The new refueling tanker is based at McConnell Air Force Base in Wichita, Kansas but Tinker Air Force Base recently received its first KC-46 Pegasus. Altus Air Force Base received its first several months ago as crews receive their training there. While Boeing …
Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels. The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 positions by the end of 2022, potentially affecting more than 10% of its workforce. The total includes 1,500 people who have volunteered to …
Florida-based NextEra Energy Transmission, LLC, a subsidiary of NextEra Energy, Inc., will acquire Dallas-based GridLiance Holdco, LP and GridLiance GP, LLC for approximately $660 million, including the assumption of debt, according to joint press releases issued on Tuesday by both companies. “GridLiance partners with electric cooperatives and public power utilities to enhance transmission system reliability and …
Oklahoma’s Kiamichi Railroad was awarded a $10 million federal grant by the U.S. Department of Transportation to fund improvements. In a story published Tuesday by Randy Ellis of The Oklahoman, the award will pay half of the project cost with the rest funded by the railroad owner. The project includes replacement of approximately 23 miles …
Max Midstream announced the acquisition of the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun to connect the Port directly to both Eagle Ford and Permian Basins to transport up to 20 million barrels a month to a revitalized terminal at the Port. Exports will begin with completion of the …