** Mexico’s state-owned oil company said Tuesday the possible remains of two missing subcontractors had been found on one of its oil platforms in the Gulf of Mexico following a weekend fire. ** Yara International now expects to sail the first autonomous, fully electric cargo ship in Norway by the end of 2021. The Yara Birkeland …
IPO filed by ConocoPhillips affiliate
The ConocoPhillips affiliate Solaris Midstream Holdings is reported to have made an initial public offering. Reuters reported the IPO, explaining that ConocoPhillips has a 30% holding in Solaris. The company supplies water for oil and gas fracking operations and has operations in Texas and New Mexico. The IPO is expected to attract possible investors …
Crude oil storage holds steady at Cushing
U.S. crude oil storage continues to fall according to the U.S. Energy Information Administration which indicated oil held at the Cushing hub was nearly the same over the past two weeks. In a Wednesday release, the US EIA stated that Cushing’s crude oil storage as of August 20 amounted to 33.7 million barrels, up …
EIA—number of drilled but uncompleted wells declines
The government said Wednesday the number of drilled but uncompleted wells reached 5,957 in July 2021, the fewest in any month since November 2017 while the number in the Anadarko Basin which includes Oklahoma is at its lowest level since 2018. The Energy Information Administration released its Drilling Productivity Report and stated the drop in DUCs …
1% gain in crude oil prices on Wednesday
Crude oil prices extended their gains on Wednesday for a third straight day after the U.S. government indicated fuel demand had reached its highest level since the start of the COVID-19 pandemic. Energy stocks in Oklahoma also managed some slight gains. Prices rose more than 1% as global benchmark Brent crude for October delivery …
PSO says it performed well in winter storm despite 2,800 hours of downtime
Documents on file with the Oklahoma Corporation Commission reveal an almost startling amount of power interruptions experienced by Public Service Company during the historic February winter storm that resulted in rolling blackouts and power losses for tens of thousands of customers. Many of the more than 2,800 hours of interruptions and temporary shutdowns of …
Nebraska Governor targets “climate extremists”
The governor of Nebraska goes after “climate extremists” and lumps President Biden and VP Harris among them, accusing them of undermining national security by reducing reliance on fossil fuels. Gov. Peter Ricketts, writing in the Omaha Star-Herald also criticized the President and Vice President for their radical climate agenda, saying it is making the …
Texas school makes effort to conserve energy
Tarleton State University located in Stephenville, Texas with an enrollment of more than 11,000 students has partnered with Ameresco, Inc. for an energy savings performance contract to develop and energy and water conservation project. Planned improvements at Tarleton State University include light-emitting diode (LED) lighting retrofits and replacements, water fixture improvements, controls and instrumentation …
Kansas and Texas workers to be part of building first off-shore wind substation
The impact of the first American-built offshore wind substation to serve New York’s Long Island stretches from Kansas to Texas. In partnering for the South Fork Wind project, Orsted and Eversource announced work has started on the project. The two firms chose Omaha, Nebraska-based Kiewit Offshore Services, the largest offshore fabricator in the nation …
EIA expects increased U.S. propane consumption this winter, especially in the Midwest
The government’s predicting increased use of propane consumption this winter, expecting an increase of 3.4% and largely because of the growing use of propane as a petrochemical feedstock. It’s a prediction that likely will affect Oklahomans this coming winter. The U.S. Energy Information Administration reported in its latest Short-Term Energy Outlook (STEO), it anticipates the greater …
