Crude oil dropped more than 2% in Monday’s trading and Oklahoma energy stocks suffered—some with 5 to 6% losses. The collapse of Silicon Valley Bank left equities markets stirred and fears grew again of a fresh financial crisis. West Texas Intermediate crude fell $1.88 a barrel or 2.5% to close at $74.80 on the …
Mitchell talks energy
What’s the focus of discussion this week on Mitchell Talks Energy? Scott Mitchell and OK Energy Today’s Jerry Bohnen talk about investigations in Oklahoma and other states of what prompted utility bills to climb so high in recent years. Plus, they discuss train derailments and Gov. Kevin Stitt’s blocking of contaminated soil being shipped …
Nation’s only refinery for cobalt and nickel to be built in Lawton
Oklahoma’s Westwin Elements, based in Bartlesville plans a new $450 million refinery for key metals in Lawton. It plans to build the refinery on a 480-acre tract in an existing industrial park in Lawton and eventually employ up to 2,000 workers. The company secured $5.4 million in Series A investment and pre-approval from a …
Willow drilling project in Alaska approved for ConocoPhillips
Despite heavy opposition from environmentalists, the Biden administration on Monday announced approval of the controversial Willow oil drilling project in Alaska and it was welcome news to ConocoPhillips. The administration also announced new limits on Arctic drilling in an apparent effort to temper criticism over the $8 billion Willow oil project, which has faced …
Solar power bill sent to Arkansas Governor
It’s now up to Arkansas Gov. Sarah Huckabee Sanders to decide the fate of a bill passed in the state legislature to cut the compensation for solar power users in Arkansas. Approval came in the House of Representatives even though commercial and industrial electric customers opposed Senate Bill 295. Some of the opposition came …
Siemens to reopen wind plants in Kansas and Iowa
The “hibernation” Siemens Gamesa Renewable Energy announced last year at its wind production plants in Kansas and Iowa has ended. The company is in the process of reopening the operations that were forced to close because of slow wind turbine orders. The company initiated the resumption of production at its Fort Madison, Iowa …
Oklahoma Representatives say Biden’s budget won’t survive
President Biden’s $6.8 trillion budget proposal is expected to be DOA with Republicans in Congress and the reaction of Oklahoma’s congressional delegation, some of it in regards to Biden’s proposals against oil and gas and the energy industry in general , shows why. Republican Study Committee Chairman Kevin Hern of Tulsa said Biden’s budget …
Rep. Bice tried again to modernize National Weather Radio system
Oklahoma Congresswoman Stephanie Bice is hoping her bill to modernize the National Weather Radio system is approved and signed into law this year. Along with Representatives Max Miller (R-OH), Mikie Sherrill (D-NJ), Derek Kilmer (D-WA), and Suzanne Bonamici (D-OR), she reintroduced her National Oceanic and Atmospheric Administration Weather Radio Modernization Act. It would direct …
Oklahoma regulators to meet Tuesday
Oklahoma Corporation Commissioners will meet Tuesday to take up various energy matters before the agency. They will begin the 1:30 p.m. meeting with consideration of the 24-hour signing agenda docket. Other items will include permanent rulemaking of the Gas & Hazardous Liquid Pipeline Safety regulations and the Motor Carriers, Private Carriers and Transportation Network …
Lawsuit accuses majors of price manipulation during 2021 winter storm
Another claim has been leveled against some of the country’s largest energy firms that they manipulated natural gas supplies and prices ahead of the 2021 winter storm that not only hit Oklahoma with devastating effects at the time, but left 200 dead in the state of Texas. Who’s making the accusation? Former Enron trader …
