Sunday , May 19 2024

OK Energy News

Crude prices up after EIA prediction on world oil consumption

  Oil prices made slight gains Tuesday but Oklahoma energy stocks suffered losses after the U.S. Energy Information Administration predicted record global petroleum consumption next year. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like India …

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Lucas chosen to chair House Science Committee

  With Republicans now in control of the U.S. House, Oklahoma Rep. Frank Lucas was chosen this week to chair the House Science, Space, and Technology Committee of the 118th Congress. “I am deeply honored that my colleagues have chosen me to lead the Science, Space, and Technology Committee,” said …

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PSO curtailment program approved by regulators

  Oklahoma Corporation Commissioners have approved a special tariff proposed by Public Service Company of Oklahoma to help reduce the cost of electric services to certain participating customers. But not all. Approval came on a 3-0 vote last week despite opposition by the Oklahoma Industrial Energy Consumers whose attorney, Thomas …

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Hamm to keynote OKC meeting of Energy Workforce

  Billionaire oilman Harold Hamm will be the keynote speaker at the Energy Workforce’s Oklahoma chapter luncheon this month in Oklahoma City. The founder and executive chairman of Continental Resources, a company that Hamm just recently returned to full-private ownership by his family, will speak Jan. 26 at 11:30 a.m. …

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ONEOK reaches $930 million insurance settlement over Medford gas plant fire

  ONEOK says it reached an agreement covering $930 million in insurance payments over the fire that put its gas plant out of operation last July near Medford in northern Oklahoma. The company also revealed plans to build a 125,000-barrel per day (bpd) NGL fractionator at its Mont Belvieu, Texas, facility. …

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Lack of rain grows in Oklahoma Panhandle

  When it comes to a lack of rainfall, there’s dry, then there’s dry and dryer. Just ask the people in the Oklahoma Panhandle cities of Goodwell and Hooker. State Climatologist Gary McManus reported Monday that it had been 132 days since either place received at least a quarter-inch of …

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Hamm donates $50 million for Teddy Roosevelt Presidential library in North Dakota

  Teddy Roosevelt, the 26th President of the United States does not have a Presidential library in his honor. But Oklahoma oil tycoon and billionaire Harold Hamm hopes his $50 million contribution will change that. He recently made the donation to create a Theodore Roosevelt Presidential Library in the badlands …

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