US crude oil futures dropped again in Wednesday’s trading, slipping 1.5% or 61 cents to settle at $38.99 a barrel on the New York Mercantile Exchange. But overseas, Brent crude was up 55 cents or 1.3% and finished the day at $41.73 on the ICE futures. Natural gas added one cent at the NYMEX …
Hertz has informed Oklahoma officials that the company is planning another round of layoffs in Oklahoma City stating they are directly related to the COVID-19 public health crisis. In a WARN notice filed with the Oklahoma Office of Workforce Development, a vice president with Hertz said the layoffs of 19 more company employees will begin …
Senator James Lankford (R-OK) joined Senators Ted Cruz (R-TX) and Tom Cotton (R-AR) to introduce two pieces of legislation aimed at reforming the National Environmental Policy Act (NEPA), in order to streamline infrastructure projects. The first bill, the Federal Permitting Modernization Act of 2020, establishes a series of deadlines for agency action under …
Broad Reach Power, a rapidly growing energy storage independent power producer (IPP) based in Houston which owns a three-gigawatt portfolio of utility-scale solar and energy storage power projects in Montana, Wyoming, California, Utah, and Texas, has announced that it will build 15 utility-scale battery storage plant sites in areas near Houston and Odessa by the end …
Witnesses encouraged members of the House Energy and Commerce Committee to think holistically and consider environmental justice issues into their responses to the Covid-19 crisis during a Tuesday hearing. But Oklahoma Congressman Markwayne Mullin, a Republican member of the committee also offered criticism to those playing the “blame” game. “It’s absurd to blame the President …
The old saying for a winning poker hand is “read ’em and weep” but state officials in Oklahoma are on the losing side as tax collections are down and revenue on the oil and gas gross production taxes plunged badly in May. General Revenue Fund collections were down 15% from a year ago. But …
Louisiana might very well become the next state to intensify a crack down on environmental protesters who trespass on energy company properties. Gov. John Bel Edwards, a Democrat has been sent a bill that would punish trespassing protesters with a mandatory minimum sentence of three years in prison. The bill amends existing law that …
** Several Chinese telecommunications companies have operated in the United States for years without adequate federal oversight, a bipartisan Senate report warned Tuesday. ** A startup called Planet Labs says it has enough satellites floating around the earth that it can snap at least one photo of every spot on the planet every single day. ** A top scientist at Harvard University …
Energy companies aren’t the only ones shutting down operations. So is Signet Jewelers, a company that plans to close at least 400 stores nationally. However, Bill Hancock, the Business Services and Rapid Response Coordinator at Oklahoma’s Office of Workforce Development said he isn’t sure what the impact will be in the company’s Oklahoma operations. …
St. Louis Mayor Lyda Krewson recently signed a law establishing a mandatory Building Energy Performance Standard in the city, which is the second-largest in Missouri. The new standard is the first building performance standard in the Midwest and just the fourth of its kind nationwide, following the adoption of similar standards in New York City, Washington, D.C. and Washington state …