The “Now Hiring” sign is out in Claremore including the Baker Hughes operation where the company wants to fill at least 60 jobs. The Claremore Industrial & Economic Development Authority announced Baker Hughes and several other firms are looking to make hires, something that could prove difficult as witnessed nationwide because so many people have …
Devon Energy celebrates 50 years of success
On the day that Devon Energy saw its shares make a more than 3% gain, the company announced it is observing its 50th anniversary since its founding in 1971 by John and Larry Nichols. A lot has happened since then, when the company had no assets and five employees. By 1988, Devon was publicly …
Ethanol production returns to near normal levels in Nebraska
When the coronavirus pandemic hit the U.S., the nation’s ethanol production dropped dramatically as some Nebraska plants produced hand sanitizer for businesses. Now things are returning to levels reported before the pandemic. Pam Miller, head of Renewable Fuels of Nebraska says nearly all plants are back online and at full production which is close …
Energy news in brief
** Fuel outages and a six-year high in gas prices persist across North Carolina, Washington, D.C., and other parts of the Southeast even as the Colonial Pipeline resumes operations. ** The US Energy Information Administration reported Tuesday disruptions to Colonial Pipeline operations prompted an increase in the average U.S. retail price for regular grade gasoline (retail gasoline price) …
European wind farm operator sues state of Texas
A Germany utility with operations in Texas has filed suit against the state for its handling of the power markets during the February winter storm. Wind-park owner RWE contends the intervention in the power markets by the Public Utility Commission of Texas cost the firm nearly $500 million. The lawsuit was also filed against …
Supreme Court sides with energy companies in lawsuit by Baltimore
Energy companies including ConocoPhillips, Chevron and Marathon Oil were handed a victory Monday by the Supreme Court in their fight with the city of Baltimore which filed suit three years ago blaming them climate change including rising sea levels and extreme weather. The Justices, in a 7-1 ruling said the 4th Circuit Court …
Worker fired for failing to locate crack in I-40 bridge
Remember this? The crack found last week in the Interstate 40 bridge over the Mississippi River between Arkansas and Memphis, Tennessee led to Monday’s firing of a veteran employee of the Arkansas Department of Transportation. Officials say the employee’s team missed the potentially catastrophic fracture in the load-bearing beam during inspections of the bridge …
Crude oil prices move closer to $70 in Europe
Crude oil prices took another bounce up in Monday’s trading and reached closer to $70 overseas. Global benchmark Brent crude for July deliver went up 75 cents and closed for the day at $69.46 a barrel on ICE Futures Europe. In the U.S., West Texas Intermediate crude for July delivery rose 90 cents and …
Skyrocketing lumber prices get attention of Oklahoma House members
Three Oklahoma members of the U.S. House were among nearly 100 asking US Trade Representative Ambassador Katherine Tai to do more to bring about lower costs for lumber in the US. Oklahoma Rep. Kevin Hern led the bipartisan letter after his discussion with Ambassador Tai at last week’s House Ways and Means hearing on …
DUCs drop in Anadarko Basin
The number of drilled but uncompleted wells in Oklahoma’s Anadarko Basin declined slightly in May according to documents released Monday by the U.S. Energy Information Administration. The EIA report said the Anadarko’s DUCS totaled 856 in March and declined by 21 to 835 in April. The nation’s total number of DUCS dropped from 7,098 …
