A report indicates Oklahoma isn’t quite ready to hand over more money to EV manufacturer Canoo as part of its effort to help the company get on solid financial footing. After warning investors last week that it faces extreme challenges in staying alive, Canoo then came out with a dismal third quarter financial report. …
Energy czar might be a fitting title for North Dakota Gov. Doug Burgum after being named Friday by President-elect Donald Trump as his choice to run the Interior Department. His selection could very well be celebrated in the nation’s oil and gas industry. Trump also announced he will create a National Energy Council to …
** North Dakota utility regulators granted approval on Friday for a span of a proposed carbon dioxide pipeline that would cross five Midwestern states — a key victory for the company that has faced vociferous landowner objections and various hurdles and setbacks in its plans.** Jeff Bezos, the owner of Amazon, has invested more than £7 million to try …
Some believe Kansas is sitting on top of a gold mine of pure hydrogen gas and already a few firms have launched exploration efforts to find it. Even billionaire Bill Gates is funding the exploration which, if successful, could develop a source of energy that would not add to climate change. Bloomberg reported the …
Oklahoma Corporation Commissioner Bob Anthony isn’t giving up in his quest for an investigation into the allegations leveled against fellow commissioner Todd Hiett and maintains there has been knowledge by agency staff of Hiett’s alleged criminal wrongdoing while in office. “The public still has very incomplete information about this ongoing situation. Unfortunately, there do …
Thursday’s trading saw crude oil prices close slightly higher as US crude stocks saw a drop in supplies. West Texas Intermediate, the U.S. benchmark gained 27 cents or 0.4% to close at $68.70 per barrel on the New York Mercantile Exchange. Global benchmark Brent crude picked up 28 cents or 0.4% and finished the …
While recording another slight net loss in the third quarter, Tulsa’s Empire Petroleum is pushing ahead with a strong effort in its enhanced drilling projects in North Dakota. The company reported third quarter revenue of $10.9 million, a net loss of $3.6 million, or $0.12 per diluted share and an adjusted net loss …
When wind and solar power are unable to fulfill demands for electricity generation, what’s the option? The Southwest Power Pool says it’s natural gas and executives made their point this week during a panel discussion at the National Association of Regulatory Utility Commissioners’ annual meeting in Anaheim, California. It was an emphasis for continued use …
** Boeing (BA) said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. ** Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as …
The latest crude oil stock report shows the Cushing Hub in Oklahoma lost millions of barrels of oil in the past week while the nation increased its supplies. According to the U.S. Energy Information Administration, the Cushing Hub supply declined 4.5 million barrels, falling from 29.7 million barrels on Nov.1 to 25.2 million barrels …