The shutdown of two large crude production bases in Libya, the result of a military blockade caused oil prices to rise Monday to their highest in more than a week. It could mean a huge reduction of crude oil flowing from the OPEC member. As a result of the shutdown, Brent crude was up 48 …
Scientists now say 2019 was the second-warmest year on record and that 83 percent of some 3,500 cities in the U.S. saw average temperatures higher than normal last year. A check of the cities compiled by AccuWeather saw some Oklahoma cities with lower than average temperatures. The list included Ardmore, Oklahoma where the average temperature …
The lawsuit filed by children in Oregon against the government over the climate change fight has been ruled against by judges for the 9th U.S. Circuit Court of Appeals. In doing so, the appeals court judges said they “reluctantly” ruled in favor of the government and crushed the plans of the children’s historic legal fight. …
The Oklahoma House of Representatives will consider legislation to prevent telemarketers from replicating numbers and misrepresenting the origin of a phone call. Rep. Kyle Hilbert (R-Bristow) filed House Bill 3081 to prohibit callers from tampering with information displayed on caller IDs to disguise their identities. This practice is known as caller ID spoofing and is …
The Denver federal appeals court has upheld a lower court against the environmental group WildEarth Guardians in a fight over the government’s allocation of water in New Mexico’s Rio Grande River. In a recent ruling, the U.S. 10th Circuit Court of Appeals sided with the lower court that said the U.S. Army Corps of Engineers …
Even with nearly $33 billion in revenue, Schlumberger says it was a “flat year” with only 7% international revenue growth. The European company, with operations throughout Oklahoma and the U.S. reported fourth quarter revenue of $8.2 billion, a decline of 4% from a year ago. Full-year cash flow from operations was $5.4 billion while free …
Oklahoma Congressman Markwayne Mullin contends a Democrat supported measure to mandate a phase out of hydroflurocarbons is being considered without the consumer in mind. He sits on the House Energy and Commerce Environment and Climate Change Subcommittee that held a hearing last week on the legislation. Hydroflurocarbons are refrigerants used in air conditioners and refrigerators. …
** Environmental groups file suit claiming Wisconsin regulators discriminate against utility customers who generate their own power and send it back to the grid. ** U.S. Sen. Joni Ernst of Iowa says EPA Administrator Andrew Wheeler should be fired if new federal ethanol blending requirements aren’t upheld. ** Daybreak Power Inc., a developer of gigawatt-scale energy storage projects, announced that the Federal …
The number of active oil and gas rigs grew in the past week in Oklahoma and across the rest of the U.S. according to the latest rig report from Baker Hughes Co. Oklahoma’s count increased by one to reach 53, far below the 126 active rigs reported last year at this time. In the U.S. …
Chad Stephens’ temporary job as interim CEO of Oklahoma City-based Panhandle Oil and Gas Inc. became permanent this past week. The company named him Chief Executive Officer effective Jan. 16, 2020. He had previously been the Senior Vice President of Corporate Development at Range Resources until his retirement in 2018. Stephens had joined Range Resources …