The $715 billion transportation infrastructure and green energy measure passed by the House on Thursday did not have the support of Oklahoma Representatives. All five voted against the measure which passed 221 to 201 with all Democrats and two Republicans supporting the INVEST in America Act. Rep. Markwayne Mullin issued a statement following the …
Corn state Representatives respond to Supreme Court refinery ruling
Corn states members of Congress who were upset over this week’s U.S. Supreme Court victory for CVR Refinery in Wynnewood, Oklahoma and a few other small refinery operators, responded Friday with a newly-drawn bill aimed at limiting exemptions on mandated blended biofuels. The Wynnewood refinery and those run by Holly Frontier now have a …
FTC issues order over 7-Eleven’s acquisition of Speedway stores
Concerns over competition led to a Friday announcement by the Federal Trade Commission concerning 7-Eleven’s $21 billion purchase of 4,000 Speedway stores in 36 states. The FTC said 7-Eleven Inc. and Marathon Petroleum Corp. agreed to divest from locations in nearly 300 markets. Click here for story from Springfield News-Sun in Ohio. .
TC Energy wants billions in damages over cancellation of Keystone XL pipeline
President Biden’s cancellation of the permit allowing construction of the Keystone XL pipeline is coming back to haunt him as developer TC Energy Corp announced it wants $15 billion in damages from the U.S. government for his actions. The Canadian pipeline operator said on Friday it had filed a notice of intent to begin a …
Court delivers strike against ethanol industry
Another significant blow against the ethanol industry was delivered Friday by a Federal appeals court which threw out a Trump-era Environmental Protection Agency rule change that allowed for the sale of a 15% ethanol gasoline blend in the summer months. The Associated Press reported most gasoline sold in the U.S. today is blended with …
Refiners look to boost gasoline production during summer driving season
A race is underway among the nation’s oil refineries as operators explore way to increase their production of gasoline as Americans hit the road during the summer driving season. Reports suggest some refiners are buying low-sulfur vacuum gasoil or VGO to maximize their fuel production while at the same time not increasing their crude …
Reps offer bill for abandoned oil well cleanup
Oklahoma congresswoman Stephanie Bice joined Democratic Pennsylvania U.S. Rep. Conor Lamb this week in introducing legislation to authorize more than $162 million over five years to research development of better ways to clean up abandoned oil and gas wells. Their bill has the support of Oklahoma Rep. Frank Lucas, the ranking Republican on the …
Williams finishes Sequent Energy acquisition
Williams announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas. The acquisition, announced in May, accelerates Williams’ natural gas pipeline and storage optimization and marketing growth and increases the Tulsa company’s gas pipeline marketing footprint to over 8 Bcf/d, with expansions into new …
Board makeup changes at Cheniere Energy
A change in the makeup of the board of directors at Cheniere Energy, Inc. was announced Thursday as two new members joined the leadership and one left the board. Patricia K. Collawn and Lorraine Mitchelmore joined the board as independent directors effective on Thursday. Collawn is the Chairman, President and Chief Executive Officer of …
$75 a barrel oil in the US and even higher in Europe
Rising crude oil prices in the US and in Europe carried Oklahoma energy stocks along with them for the ride in Thursday’s trading. West Texas Intermediate crude for August delivery finished up $1.76 at $75.23 a barrel. Global benchmark Brent crude oil for September delivery went up $1.22 and settled at $75.84 a barrel …
