New Middle East oil pipeline ** The United Arab Emirates (UAE) plans to speed up construction of a new oil pipeline to double its export capacity through the port of Fujairah by 2027, according to the Abu Dhabi Media Office. This development is expected to increase the UAE’s ability to ship oil outside the Strait of Hormuz, …
NextEra Energy, with a firm commitment to energy projects in Oklahoma and around the U.S., just created what is called the world’s largest regulated electricity utility business through its acquisition of Dominion Energy, Inc. It’s an all-stock transaction worth billions of dollars and will affected some 10 million customer accounts throughout the U.S. Dominion Energy …
Something prompted Mammoth Energy Services to drop a national accounting firm and go with another. Mammoth’s Audit Committee of the Board of Directors approved dismissal of Deloitte & Touche LLP as the firm’s independent registered public accounting firm. It informed Deloitte of the dismissal on May 13. A company statement indicated there were no disagreements …
Oklahoma City’s Gulfport Energy is going full-steam ahead in its natural gas exploration of the Marcellus shale play, as indicated in the firm’s third quarter financial results. The company cited $111.4 million of net income and $213.1 million of adjusted EBITDA during the quarter. It also generated $209.1 million in net cash from operating …
