Ever since the New York firm Hindenburg Research released a report accusing Icahn Enterprises L.P. of a “Ponzi scheme,” the debate and discussion have grown whether billionaire Carl Icahn could be seeing his empire falling apart. After all, he has lost billions of dollars since the report was published. Or is the speculation just …
Oil giant Total announces plans for synthetic gas plant in the U.S.
A site hasn’t been identified, but French energy giant Total announced this week it is planning to build a $2 billion synthetic gas plant somewhere in the U.S. The decision is considered a blow to Europe’s green energy hopes and plans. According to the announcement, Total will develop the project jointly with Belgian start-up …
New Mexico’s Governor upset over WOTUS ruling by Supreme Court
New Mexico Gov. Michelle Lujan Grisham says she was appalled at the recent U.S. Supreme Court decision that gave an Idaho couple a victory over WOTUS. The Democratic governor complained the ruling would leave 905 of New Mexico’s waters without federal protection from development. The Carlsbad Current-Argus reported Lujan Grisham indicated her administration would …
Energy short reads
** Sen. Joe Manchin (D-W.Va.) on Tuesday said he “absolutely” thinks Congress will quickly pass the legislation crafted by the White House and House GOP leadership to address the debt ceiling, even as the plan faces opposition on both sides. ** Ørsted A/S, the world’s largest developer of offshore wind farms, has agreed to pay …
Concrete utility poles to be studied in Louisiana
Concrete utility poles? Experiments with alternative utility poles made of concrete and composite materials are underway by Entergy Louisiana. Company crews recently gathered in Louisiana to undergo training and test the installation of the alternative utility poles. T&D World reported that as utility companies across the country ramp up grid hardening efforts, the demand …
Devon Energy plans six well project in Canadian County
Devon Energy has a big drilling project involving six wells on a single pad at a site about 6 miles north of Calumet in Canadian County. The company received permits to drill for six Loretta wells to be drilled at 16 14N 9W. Devon plans on each well having a measured total depth of …
ONEOK tries to draw more investors
ONEOK, Inc. is going after more investors at a New York investment conference. The company will take part in the Bernstein Strategic Decisions Conference May 31 and June 1. Management will take part in a fireside chat session at 1:30 p.m. Central Daylight time on Wednesday, May 31. A link to the live webcast, …
Crude oil prices take another big drop and OK energy stocks fell as well
Not only did crude oil prices fall more than 4% in Tuesday’s trading after the long Memorial Day Holiday weekend, but Oklahoma energy stocks fell as much. Growing doubts whether Congress will pass the U.S. debt ceiling package were one of the causes while there were concerns over messages from major producers regarding the …
Biden-McCarthy deal opposed by Congressman Brecheen
Count Oklahoma Congressman Josh Brecheen among the hard-right Republicans who are in open revolt over Speaker Kevin McCarthy’s deal with President Biden to raise the government debt ceiling and set federal spending limits. It’s a deal that included approval of the long-delayed $6.6 billion Mountain Valley natural gas pipeline in West Virginia. But if …
Senator concerned about lack of broadband download speed
A report by the Kansas Reflector indicated U.S. Sen. Jerry Moran is not happy with the state’s performance of its existing broadband system. Kansas was ranked last on average internet download speed in a report by Broadbandnow Research. At least Kansas was ranked 30 best overall out of the states. Oklahoma might have a …
