A former President of a subsidiary of Oklahoma City’s Mammoth Energy Services was indicted on bribery charges this week along with two FEMA officials in connection with the power restoration on Puerto Rico following Hurricane Maria. Prosecutors contend bribes were offered in order for the company to obtain nearly $2 billion in contracts to restore …
Oklahomans in the House split their votes this week on two energy bills. The House approved the Diesel Emissions Reduction Act of 2019, also known as H.R. 1768 on a vote of 295-114. Known as DERA, the act was originally approved in 2005 to fund federal and state loan programs to rebuild diesel-powered vehicle engines …
Houston oilfield service giant Baker Hughes is poised to become an independent company again. And it could mean a change in the name of certain BHGE operations, even those in Oklahoma. Boston industrial conglomerate General Electric will lose its majority ownership of Baker Hughes in a planned stock sale that could be worth more than …
Oklahoma Congressman Tom Cole revealed he spent part of August traveling to Japan, Singapore, Australia and Fiji as part of a delegation on foreign policy and defense issues. In a newsletter this week to his 4th district constituents, the Republican Representative explained it was a bipartisan delegation of lawmakers from the House and Senate. They …
As the criminal trial approaches of a Chinese National accused of stealing nearly $1 billion in technology from the Phillips 66 research center in Bartlesville, last-minute preparations are underway in U.S. District Court in Tulsa. The latest hearing on criminal charges against Tongjin Tan was held last week before federal judge Gregory K. Frizzell. It …
The same week that Oklahoma City’s Chaparral Energy sold its headquarters, the company filed a completion reports showing production of 1,100 barrels of oil a day from a four-well pad in Kingfisher County. All four of the King Koopa 1606 wells were drilled in July of 2018 and completed in December 2018 in the STACK. …
Tulsa’s WPX Energy has launched a bid to buy back $450 million in Senior Notes sold earlier. And the buy-back amount could be increased, according to the announcement by WPX Energy. The offer was for outstanding 6.000 percent senior notes due 2022 and 8.250 percent senior notes due 2023. The terms and conditions of …
Democratic presidential candidates find themselves between a rock and a hard place when it comes to Minnesota voters where there’s a fight over a crude-oil pipeline. They have to choose between what environmentalists want and what the trade unions demand. The Associated Press reports progressive candidates Elizabeth Warren and Bernie Sanders have condemned a Canadian …
Natural gas-fired power plants, which have crushed the economics of coal, are on the path to being undercut themselves by renewable power and big batteries, a study found. Bloomberg News reported the Rocky Mountain Institute study determined that by 2035, it will be more expensive to run 90% of gas plants being proposed in the …
Oklahoma Space Industry Development Authority Wednesday, September 11th, 2019 1:30pm Oklahoma Department of Transportation – Commission Room 200 N.E. 21st Street Oklahoma City, OK 73105 ITEMS TO BE PRESENTED CALL TO ORDER INTRODUCTION OF GUESTS AGENDA ITEMS TO BE PRESENTED BY OSIDA SECRETARY – BAILEY J. SIEGRIED 1533. MINUTES OF THE AUGUST 14th 2019 …