Energy

Today’s Power carries on amid COVID-19; moving to new headquarters in North Little Rock

Today’s Power Inc. (TPI), a renewable energy company of Little Rock-based Arkansas Electric Cooperatives Inc., continues to work on solar array projects as it moves its corporate office to North…

AEP Foundation provides $200,000 to Illinois River Watershed Partnership

The American Electric Power Foundation announced Monday (April 20) it will give $200,000 to the Illinois River Watershed Partnership. The two-year grant will support the organization’s programs in Arkansas and…

U.S. energy exports reached record level in 2019

Energy exports from the United States rose to a record high of 23.6 quadrillion British thermal units (quads) in 2019 — the first time in 67 years that annual U.S….

Murphy USA revenue and income up in the first quarter, ‘well-positioned’ for COVID-19 impact

El Dorado-based Murphy USA beat revenue and earnings estimate on first quarter results, with the company CEO saying the fuel retailer is “well-positioned” to survive economic uncertainty arising from the…

UA professor awarded $3.6 million for project to protect solar arrays from cyberattack

The University of Arkansas announced Thursday (April 16) distinguished professor Alan Mantooth has received $3.6 million from the U.S. Department of Energy Solar Energy Technologies Office to advance technologies that…

Daryl Brown to lead Little Rock office of Midcontinent Independent System Operator

Regional transmission organization Midcontinent Independent System Operator (MISO) of Carmel, Ind., announced Wednesday (April 15) it’s selected Daryl Brown to lead its South region office based in Little Rock after…

Fuel prices fall amid COVID-19 pandemic; OPEC production cuts might not offset demand decline

Since the start of 2020, U.S. retail gasoline prices have fallen 28.3%, or 73 cents a gallon, as fuel demand has decreased during the COVID-19 (coronavirus) pandemic. Meanwhile, a new…

LM Wind Power closing Little Rock facility

Once heralded as an advanced manufacturing success for Arkansas, LM Wind Power announced it will close its wind blade facility that has been in existence for more than a decade….

U.S. to again become net importer of crude oil amid COVID-19 pandemic, EIA says

The United States is expected to again become a net importer of crude oil and petroleum products in the third quarter of this year and remain a net importer of…

Crude oil volatility hits record level; groups issue sustainability guidance

Volatility in crude oil prices rose to a record level in March as global trade groups released guidance on sustainability reporting. The economic contraction caused by the 2019 novel coronavirus…

Murphy Oil shrinks capital expenditures again, cuts executive pay

Amidst worldwide falling crude oil prices, Murphy Oil Corp. has further reduced its capital expenditures for 2020. In March, the El Dorado-based oil and gas exploration company dropped its cap…

Murphy Oil boss on medical leave after COVID diagnosis

Murphy Oil Corp. President and CEO Rogers Jenkins has taken a temporary medical leave because of a “presumptive diagnosis of COVID-19,” the El Dorado oil and gas exploration company has…

Entergy establishes fund for households affected by COVID-19

New Orleans-based utility Entergy Corp., the parent company of electricity utility Entergy Arkansas, has established the COVID-19 Emergency Relief Fund to support households who have been impacted by the coronavirus…

Consortium to accelerate scientific discovery in fight against COVID-19

A public-private consortium that includes federal agencies, technology industry and academic leaders will use U.S. supercomputers to increase the speed in which scientists can develop answers to complex scientific questions…

NWACC awarded $100,000 grant from AEP Foundation

NorthWest Arkansas Community College (NWACC) in Bentonville was recently awarded a $100,000 grant by the American Electric Power Foundation. The grant will support NWACC’s skilled trades workforce training, safety, resources…

OPEC strategy shift, COVID-19 might lead to global rise in oil inventory

Markets for oil and other commodities and equities have experienced volatility and price declines since the final week of February amid concerns related to the economic effects of the coronavirus…

SWEPCO reaches agreement in Louisiana on $1 billion proposal for wind farms

Electricity utility Southwestern Electric Power Co. (SWEPCO), a company of American Electric Power, announced Monday (March 16) a settlement agreement with the Louisiana Public Service Commission staff, the Alliance for…

Entergy Arkansas to cut customer bills by 4%

Electricity utility Entergy Arkansas will reduce residential customer rates by 4% starting in April as a result of a lower fuel rate. A typical residential customer using 1,000 kilowatt-hours of…

Murphy Oil slashes capital expenditure budget 35%

Murphy Oil Corp. said Thursday (March 12) it will revise its capital spending plans for 2020 given current market conditions and recent commodity price volatility. El Dorado-based Murphy Oil said…

Brent crude oil price falls 24%, second largest one-day decline on record

International benchmark Brent crude oil front-month futures prices declined 24% to less than $35 per barrel and was the second largest daily price decline on record, according to the U.S….