** Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill. The sale comes after a failed bid this year to restart production at the site and as Exxon culls poor performing businesses. …
PSO honored for supporting and hiring veterans
Public Service Company of Oklahoma , a unit of American Electric Power, was one of 26 companies recognized Monday in Tulsa for hiring and supporting U.S. military veterans during a City Hall ceremony led by Mayor G.T. Bynum. For the fourth consecutive year, the Oklahoma Veterans Alliance (OVA) recognized PSO as a Veteran Employer Champion. The …
Explosions hit Georgia chemical plant
Several explosions Monday morning at a Georgia chemical plant resulted in evacuations of nearby neighborhoods. The blast and fire occurred at the Symrise Chemical Plant outside the city of Brunswick. Several explosions were heard according to the Glynn County Sheriff’s Office. The cause of the explosions had not been determined. In a statement provided …
Coming six years will result in one-fourth of coal fired power plants retired in US
The federal government issued a report this week indicated that nearly a quarter of the coal-fired power plants in the U.S. will be retired or shut down by 2029. The U.S. Energy Information Administration cited continued competition from natural gas and renewable resources as the reason that 23% of the 200,568 megawatts of coal-fired …
Hamm advances private takeover offer of Continental Resources
In yet another filing with the SEC, billionaire Harold Hamm and his family took another step toward their total purchase of Continental Resources Inc. and return it to private control. The Nov. 7 filing with the Securities and Exchange Commission included an amendment which stated Hamm’s offer of $74.28 per share was made Oct. …
Northeast Kansas county considers ‘hold’ on solar and wind farm development
A county in northeast Kansas is considering a moratorium on all future wind and solar farm. Jack County commissioners scheduled a hearing this week to discuss the possibility according to KSNT. Click here for KSNT
$100 million bonuses at the center of a Texas oil fight
A sticky oil fight is underway in Texas and it involves bonuses paid to two oil executives. Forbes explores the battle that’s underway involving the two executives who were awarded $100 million bonuses after they made $1.6 billion for the family of late wildcatter J. Cleo Thompson and defended them against T. Boone Pickens. …
Increased earnings reported by Cheniere Energy Partners
Cheniere Energy Partners, L.P. reported increased earnings in the third quarter of this year with adjusted EBITDA of $1.5 billion for the quarter and $3.5 billion for the first nine months of the year. It compared to $1.0 billion at the end of the second quarter and $2 billion for the first six months …
Rep. Lucas worries about skill gap with China
Oklahoma congressman Frank Lucas wants to make sure the U.S. takes more steps to closing the engineering and math skills gap between the U.S. and China. As the Ranking Republican on the House Science, Space and Technology Committee, Rep. Lucas fired off a letter to White House Office of Science and Technology Policy Director …
Regulators postpone meeting on Universal Service Fund rules
Oklahoma regulators have called off a meeting planned for Wednesday to discuss some rulemaking changes to the administration of the Oklahoma Universal Service Fund. The Corporation Commission announced that the presentation to the Commission scheduled for Nov. 8 at 1:30 p.m. will not take place. The announcement stated that it was determined that additional …
