A bill aimed at protecting consumers from increased electric rates caused by the growth of data centers in Oklahoma faces a State Senate Energy Committee vote this week when it decides whether the measure should be sent to the State Senate. Already approved by the House of Representatives on March 23 in a 92-2 …
(Rick Muncrief accepts Platinum Award from newly appointed EWTC Chair and CEO, President & Director of Liberty Energy Ron Gusek) A year after his retirement as President and Chief Executive Officer and member of the Board of Directors at Devon Energy Corporation, Rick Muncrief was honored by the Energy Workforce & Technology Council. Muncrief and …
Oklahoma’s two largest oil and gas companies, Continental Resources and Devon Energy Production aren’t giving up without a fight to continue their 1.5 million acre drilling project in Wyoming after a federal judge ordered it to stop. The two energy companies have filed notice of their appeal in federal Court in Washington after a judge in …
Oil prices dropped even more on Wednesday as investors considered the impact of the U.S. naval blockade on Iran. Reuters reported the blockade stands to further increase shipping disruptions in the Strait of Hormuz, especially if Tehran retaliates against the move with military force. The strait is a key point of focus in the Iran war, …
Iranian Ports Blockade Fully Implemented Iran ports blockade maritime trade halted: Pentagon officials say the blockade of Iranian ports has been “fully implemented” and that the country’s maritime trade has been “completely halted.” U.S. Ends Waiver on Iranian Oil Sanctions US Treasury Iran oil sanctions waiver expires: The U.S. Treasury Department will not renew the …
Thanks in large part to the U.S. and Israeli war on Iran over the past month, American crude oil’s value was higher than the global benchmark Brent crude. West Texas Intermediate crude, until Tuesday, had more value internationally than Brent crude. On Tuesday, Brent settled a few dollars higher than WTI’s price which are determined …
A major groundbreaking ceremony has been held in Brooklyn by Williams Cos. of Tulsa for the start of construction on its Northeast Supply Enhancement project. Officials gathered at Floyd Bennett Field in Brooklyn where brief remarks were made by Williams leadership and elected officials. They spoke after a ceremonial pipe signing highlighting the start …
Oil prices dropped 5% to 8% on Tuesday, the second day of the naval blockade of the Persian Gulf ordered by President Donald Trump. Investors felt more optimistic that the blockade by the U.S. forced Iran to return to peace talks as the U.S. and Israel put a hold on their military attacks of …
The US Naval Blockade and what it means for the world Iran boasts of oil sales not be interrupted by blockade ** Iranian oil sales in recent weeks have been favorable and part of the revenue will be allocated to repairing damage to industry caused by wartime attacks, Iran’s oil minister said on Tuesday. Mohsen Paknejad said …
The U.S. Naval blockade of the Persian Gulf to counter Iran’s own blockade of oil tankers passing through the Strait of Hormuz is already having an impact on U.S. crude exporters. One observer said Trump’s implementation of the naval blockade had the potential for an “economic obliteration” just as the US and Israeli war planes …
