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Energy news from NewsOK
Beshear intercedes on behalf of Paducah plant
Published: Tue, Feb 14, 2012
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FRANKFORT, Ky. (AP) — Gov. Steve Beshear has joined with members of Kentucky's congressional delegation to press the Department of Energy to keep Paducah's government-owned nuclear enrichment plant operating. If the Obama administration does not intervene, the Paducah Gaseous Diffusion Plant is scheduled to... Read More
Energy Conversion Devices makes bankruptcy filing
Published: Tue, Feb 14, 2012
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AUBURN HILLS, Mich. (AP) — Solar energy product maker Energy Conversion Devices Inc. says it's seeking Chapter 11 bankruptcy protection. The Auburn Hills-based company on Tuesday announced the filing in federal court in the Eastern District of Michigan. The company says it will put its solar panel unit up for... Read More
Japan official faults nuke design, defends secrecy
Updated: 12 hr ago
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TOKYO (AP) — The government official who outlined Japan's worst-case scenario for the unfolding nuclear disaster last March defended how his study, warning that millions of people might have to flee, was kept secret. Authorities would have had as much as a week or two to expand the evacuation zone if the... Read More
TOKYO (AP) — The government official who outlined Japan's worst-case scenario for the unfolding nuclear disaster last March defended how his study, warning that millions of people might have to flee, was kept secret. Authorities would have had as much as a week or two to expand the evacuation zone if the... Read More
Maine home heating oil prices on the rise
Published: Tue, Feb 14, 2012
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AUGUSTA, Maine (AP) — The average price of home heating oil in Maine has jumped a nickel in the past week to an average of $3.77 per gallon. The director of the state Office of Energy Independence and Security said Monday the price is being driven up by world events, including a potential ban on Iranian crude... Read More
President Barack Obama's budget would hit key Oklahoma economic sector
Published: Tue, Feb 14, 2012
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The president would kill an important subsidy program for farmers and raise taxes on independent oil and gas producers, but much of the budget will likely be ignored by Congress Read More
The president would kill an important subsidy program for farmers and raise taxes on independent oil and gas producers, but much of the budget will likely be ignored by Congress Read More
Chesapeake looks at deals that could bring in up to $12B
Published: Tue, Feb 14, 2012
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Chesapeake on Monday laid out its financial plan for 2012, including the potential sale of all of its assets in Texas' Permian Shale. Read More
Chesapeake on Monday laid out its financial plan for 2012, including the potential sale of all of its assets in Texas' Permian Shale. Read More
Oklahoma company hits CNG milestone
Published: Tue, Feb 14, 2012
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OEM Systems Inc., of Okarche, was honored at the state Capitol for converting its 2,000th vehicle to run on compressed natural gas. Read More
OEM Systems Inc., of Okarche, was honored at the state Capitol for converting its 2,000th vehicle to run on compressed natural gas. Read More
EPA examining gas drilling in southwestern Pa.
Yesterday
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PITTSBURGH (AP) — The U.S. Environmental Protection Agency is examining the impact of natural gas drilling in southwestern Pennsylvania. EPA spokeswoman Bonnie Smith tells the Pittsburgh Post-Gazette (http://bit.ly/xTN4xH ) that the agency began investigations in late September. "The EPA is assessing the... Read More
Summary Box: Cyprus opens oil, gas drilling area
Published: Mon, Feb 13, 2012
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HERE'S THE DRILL: Cyprus has launched a second licensing round for offshore exploratory drilling as hopes grow that potential oil and gas discoveries will buoy the eurozone country's sagging economy. GROWING INTEREST? An initial licensing round in 2007 generated interest only from U.S. company Noble Energy.... Read More
Dover to purchase Maag Group for undisclosed sum
Yesterday
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DOWNERS GROVE, Ill. (AP) — Industrial parts manufacturer Dover Corp. is buying Switzerland's Maag Group in order to broaden its geographic reach and bolster its fluid solutions business. Terms of the deal announced Monday were not disclosed. Maag is a global leader in premium external gear pump technology and... Read More
Cyprus opens area for oil, gas exploration
Yesterday
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NICOSIA, Cyprus (AP) — Cyprus has launched a second licensing round for offshore exploratory drilling as hopes grow that potential fossil fuel deposit discoveries will buoy the eurozone country's sagging economy, even though the efforts are raising tensions with Turkey. An announcement on the Cypriot Commerce... Read More
Devon landman leads American Association of Professional Landmen
Published: Sun, Feb 12, 2012
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Devon's Jack Richards is serving as president of the American Association of Professional Landmen. Read More
Devon's Jack Richards is serving as president of the American Association of Professional Landmen. Read More
Alaska power plant under scrutiny for coal ash
Published: Sat, Feb 11, 2012
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FAIRBANKS, Alaska (AP) — Already under watch by the U.S. Environmental Protection Agency, Fairbanks is coming under scrutiny by the environmental agency again after a resident complained of black dust near a power plant downtown. The EPA received a petition by the resident last May, investigated in September and... Read More
Natural gas training facility will allow Oklahoma State University Institute of Technology enrollment to double
Updated: Fri, Feb 10, 2012
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Officials at Oklahoma State University Institute of Technology in Okmulgee say the new Chesapeake Energy Natural Gas Compression Training Center will allow the natural gas compression program to double its enrollment. University officials hope to see the building complete by December 2013. Read More
Officials at Oklahoma State University Institute of Technology in Okmulgee say the new Chesapeake Energy Natural Gas Compression Training Center will allow the natural gas compression program to double its enrollment. University officials hope to see the building complete by December 2013. Read More
Report: Non-Solyndra energy loans could cost $3B
Updated: Fri, Feb 10, 2012
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WASHINGTON (AP) — The government could lose nearly $3 billion on Energy Department loans for green energy programs — far less than the $10 billion Congress set aside for the high-risk program, according to an independent review. The White House ordered the review after criticism of a $528 million loan to... Read More
WASHINGTON (AP) — The government could lose nearly $3 billion on Energy Department loans for green energy programs — far less than the $10 billion Congress set aside for the high-risk program, according to an independent review. The White House ordered the review after criticism of a $528 million loan to... Read More
State mineral board collects $3 million in sale
Published: Fri, Feb 10, 2012
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BATON ROUGE, La. (AP) — The State Mineral and Energy Board collected about $3 million during its February sale for petroleum rights on state and local government land and waterbottoms. The agency said Friday that it sold rights to 34 leases covering about 6,600 acres. Of the 34 tracts, 29 were in southern... Read More
Earnings schedule for week of 2/13/2012
Updated: Fri, Feb 10, 2012
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Major companies tentatively scheduled to report quarterly earnings next week: Monday No major announcements expected. Tuesday Goodyear Tire & Rubber Co. reports quarterly financial results. Zynga Inc. reports quarterly financial results. Wednesday CBS Corp. reports quarterly financial results. Comcast Corp.... Read More
Utility panel: closings could impact Ohio rates
Published: Fri, Feb 10, 2012
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TOLEDO, Ohio (AP) — Utility regulators say the closings of six coal-burning power plants could end up bringing higher electricity rates to much of northern Ohio. The Public Utilities Commission of Ohio says the closings may have a significant impact on FirstEnergy Corp.'s electric prices several years down the... Read More
Audit clears State Department in Keystone review
Published: Fri, Feb 10, 2012
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The State Department's internal watchdog cleared the agency Thursday of any impropriety in its review of a permit for a controversial pipeline that that would carry Canadian oil produced from tar sands to refineries along the Texas Gulf coast. Read More
More natural gas producers using their own product
Published: Fri, Feb 10, 2012
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The country's leading natural gas producers are doing their best to fuel demand for their product by using it themselves. Read More
The country's leading natural gas producers are doing their best to fuel demand for their product by using it themselves. Read More
Oklahoma energy briefs
Published: Fri, Feb 10, 2012
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Oklahoma energy briefs Read More
Repsol YPF begins to drill for oil, gas in Guyana
Published: Thu, Feb 9, 2012
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GEORGETOWN, Guyana (AP) — The Spanish-based oil company Repsol YPF has started drilling its first well in Caribbean waters off the South American nation of Guyana. The 6,500-meter (21,000-feet) well targets an area that experts say could hold up to 15 billion barrels of oil and 42 trillion cubic feet (1.2... Read More
Sarkozy refuses to shutter aging nuclear plant
Updated: Thu, Feb 9, 2012
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FESSENHEIM, France (AP) — French President Nicolas Sarkozy is refusing to shut down an aging nuclear plant that has become a symbol of growing resistance to atomic energy in the country. The future of nuclear energy in the country has become a campaign issue as the presidential election approaches this spring... Read More
FESSENHEIM, France (AP) — French President Nicolas Sarkozy is refusing to shut down an aging nuclear plant that has become a symbol of growing resistance to atomic energy in the country. The future of nuclear energy in the country has become a campaign issue as the presidential election approaches this spring... Read More
Pa. fines Chesapeake Energy $565K for violations
Updated: Thu, Feb 9, 2012
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HARRISBURG, Pa. (AP) — The Pennsylvania Department of Environmental Protection has fined a gas driller more than $500,000 for three separate violations. Chesapeake Energy Corp. agreed to pay $565,000 after state regulators found the Oklahoma City-based driller in violation of rules protecting streams and... Read More
Oil industry group urges Congress to limit federal regulation
Published: Thu, Feb 9, 2012
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The American Petroleum Institute is turning to Congress for help as the oil and natural gas industry faces inquiries from eight different federal agencies. Officials contend too much regulation of the industry could slow development and lead to higher energy costs. Read More
The American Petroleum Institute is turning to Congress for help as the oil and natural gas industry faces inquiries from eight different federal agencies. Officials contend too much regulation of the industry could slow development and lead to higher energy costs. Read More
Democrats in Congress question federal drilling oversight
Published: Thu, Feb 9, 2012
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The report focuses on drilling activity that occurred on federal land in 17 states during three administrations, two Democratic and one Republican. A total of 2,025 citations for safety and drilling violations were issued to 335 companies, the report said, with 64 companies fined a total of $273,875. Read More
List of drilling violations on public lands
Updated: Wed, Feb 8, 2012
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State-by-state listing of violations cited by Department of Interior to energy companies drilling for oil and gas on public lands, February 1998 to February. 2011. Read More
South Africa's close ties to Iran under scrutiny
Published: Wed, Feb 8, 2012
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JOHANNESBURG (AP) — A South African energy and chemicals company is reviewing investments in Iran. A politically connected South African telecommunications company has been accused of pushing Pretoria to support Iran's nuclear power program. All as the West increases pressure on the Middle Eastern country accused... Read More
Oklahoma energy group told federal oversight is likely coming to oil field
Published: Wed, Feb 8, 2012
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Consultant Richard Spears predicts federal regulation of hydraulic fracturing is coming because of vocal opposition to the practice, which he maintains is vital to oil and natural gas production. Read More
Colorado lawmakers try to save wind tax credit
Updated: Tue, Feb 7, 2012
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DENVER (AP) — Colorado lawmakers from both parties are trying to save a federal incentive for the wind industry. Eight members of the congressional delegation signed a letter Tuesday asking for an extension of the wind energy production tax credit. A conference committee is negotiating the fate of the credit,... Read More



