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Roundup: Renting an oil rig / Energy summit / Southwest Airlines

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Rates climbing: The price to rent a deepwater drilling rig may climb to near record levels if demand from oil companies continues to increase in the coming years, according to the head of the world’s biggest offshore rig contractor. One industry executive says he expects an expansion starting in 2026 that could add about 10 rigs to the roughly 150 working around the world. If it happens, from that point forward, it’s possible that rates could climb to $600,000 a day. Read more from Bloomberg. A subscription may be required. 

Set for Baton Rouge: U.S. Sen. Bill Cassidy is hosting an energy summit in Baton Rouge next month. Louisiana Energy Security Summit: Unleashing American Abundance in a Changing Global Landscape is expected to bring together leaders from the federal, state and local government, industry and the research community. Register to attend the event. 

Hard choices: Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from investors. Over the summer, Southwest announced a host of major changes to its more than 50-year-old business model to drum up revenue, including ditching open seating for assigned seats. Read more from CNBC. 

 

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Arkansas

University of Arkansas selects Oak View Group for event bookings at Razorback Stadium, Bud Walton Arena

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University of Arkansas selects Oak View Group for event bookings at Razorback Stadium, Bud Walton Arena



FAYETTEVILLE, Ark. – The University of Arkansas today announced a strategic partnership with Oak View Group, the global leader in premium live entertainment infrastructure and services, to secure live event bookings at the 76,000-seat Donald W. Reynolds Razorback Stadium and the 19,000-seat Bud Walton Arena. As part of the new partnership, Oak View Group will work closely with Live Nation Arenas to help secure concert bookings.

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“We continue to look for new ways to support our student-athletes while bringing new entertainment opportunities to our fans and the region,” said Vice Chancellor and Director of Athletics Hunter Yurachek. “Our partnership with Oak View Group accomplishes both of those things. The experience, resources and knowledge Oak View Group brings to the table will give us the edge we need to bring concerts and events to Razorback Stadium and Bud Walton Arena. We look forward to this new partnership bringing concerts for our venues very soon.”

“Fayetteville is a vibrant live event market with a proven track record for strong ticket sales, artist-friendly routing, and high fan engagement,” said Peter Luukko, Co-Chairman, Oak View Group. “Razorback Stadium and Bud Walton Arena create additional opportunities for larger-size acts to continue to grow their fan base in Northwest Arkansas and across the south. We look forward to working closely with the University of Arkansas in bringing more events to Northwest Arkansas.”

OVG has a similar relationship at Carter-Finley Stadium at NC State University (Raleigh, N.C.); and Thompson-Boling Arena at University of Tennessee (Knoxville, Tenn.). The University of Arkansas joins OVG’s growing roster of top college properties also includes Arizona State University in Tempe, Ariz.; University of Houston in Houston, Texas; University of Texas in Austin, Texas; University of Massachusetts in Amherst, Mass.; University of Rhode Island in Kingston, R.I.; and Saint Louis University in St. Louis, Mo.

About Oak View Group
Oak View Group (OVG) is the global leader in premium live entertainment infrastructure and services, with a platform spanning venue development and end-to-end capabilities across venue management, hospitality, and sponsorship sales. Founded in 2015, the Company serves a collection of seven world-class owned venues and a client roster of the most iconic arenas, stadiums, convention centers, music festivals, performing arts centers, and cultural institutions, spanning four continents.
Visit OakViewGroup.com, and follow OVG on Facebook, Instagram, LinkedIn, and X.

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Delaware

Delaware lawmakers approve reassessment fix for tax errors

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Delaware lawmakers approve reassessment fix for tax errors


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One of the two Delaware Senate bills designed to fix issues that arose in the 2025 reassessment of all First State properties now heads to Gov. Matt Meyer on Jan. 29. 

The passed bill would allow New Castle County to carry out “a quality control review” of select property assessments with any clerical or actual errors, as well as nonresidential properties valued at or more than $300,000 “that decreased from their previously assessed value, or whose tax value is 25% less than its most recent sale price,” among other requirements, as previously reported.   

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Many commercial properties received a tax break due to the recently assessed property tax values, while many with residential properties – including small-business owners – saw a spike in their tax bills.   

An additional House amendment, which clarifies that the review parameters listed in the bill do not limit New Castle County “to otherwise make revisions and corrections” to county property assessments, and that the county can conduct additional review “where it appears that an error or mistake in valuation may have occurred,” was introduced. This amendment later cleared the floor by a voice vote.

The bill cleared the full House floor, with 35 lawmakers in support, 3 against and 3 not voting.

The amended bill then returned to the Senate chamber, where members suspended rules and passed the bill at the end of session. Fifteen state senators voted in favor, while six abstained from voting.

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This comes with only days to spare, as Romer wanted to pass this legislation before lawmakers break for Joint Finance Committee hearings.

Doing so would allow counties enough time to adjust and get to work before the next tax bills go out, she explained.

The second of these bills would grant the financial offices of New Castle, Kent and Sussex counties the subpoena power to fix future property reassessments.   

The bill would give these bodies a little more authority to press properties – particularly the nonresidential kind – for more information when modifying assessments based on the frequently used income approach. Legislators have previously insisted such power would be used sparingly.

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Despite being on the full floor agenda, has not yet made an appearance.

Joint Finance Committee hearings are scheduled to begin Feb. 3. This will mean the legislative session is on hold until March 10.

It is not yet known when the second of these bills will be heard next.

Olivia Montes covers state government and community impact for Delaware Online/The News Journal. If you have a tip or a story idea, reach out to her at omontes@delawareonline.com

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Florida

South Florida prepares for near-freezing temperatures, dangerous wind chill this weekend

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South Florida prepares for near-freezing temperatures, dangerous wind chill this weekend


South Florida enjoyed a brief break from the chill on Thursday, but a bitter blast of arctic air is getting set to move in this weekend that has residents bracing for near-freezing temperatures and a dangerous wind chill.

Because of this, CBS News Miami is issuing a NEXT Weather Alert on Sunday and Monday.

How cold is it going to get in South Florida this weekend?

A NEXT Weather Alert is in effect on Sunday and Monday due to the extreme cold.

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CBS News Miami


The NEXT Weather Team is continuing to track a big cooldown across South Florida.

Temperatures on Friday will reach the upper 60s for most of the region, which will be the warmest until the middle of next week.

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The forecast high temperatures in South Florida on Friday, Jan. 30.

CBS News Miami

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We could also see some spotty showers through the mid-morning.

A big cool down will reach the region early on Sunday morning with real temperatures only in the mid-30s.

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The wind chill forecast on Sunday, Feb. 1, 2026.

CBS News Miami


Wind chill temperatures will push the feels-like temperatures into the mid 20s across both Broward and Miami-Dade counties.

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CBS NEWS Miami is triggering two Next Weather Alerts, one for Sunday morning and again on Monday morning.

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The forecast low temperatures on Sunday, Feb. 1, 2026.

CBS News Miami


Some interior areas of both counties could see real temperatures at or just above freezing.

Because of this, officials across South Florida are warning residents to make preparations now to stay safe when the temperatures start to plunge.

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The forecast in South Florida over the next seven days.

CBS News Miami


Is it going to snow in Florida this weekend?

It does’t appear as though it’s going to be cold enough for snow in South Florida this weekend. However, that’s not the same for Central Florida.

Forecasters say there is a slight chance that snow could fall in communities along the Gulf, like in the Tampa Bay area.

But don’t expect anything to accumulate. Forecasters say that if it does snow, it will likely only be in the form of flurries and won’t stick around too long.

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The last two times that area saw snow flurries was in January 2010 and December 1989.

South Florida cold weather safety tips

The frigind temperatures approaching South Florida has some people scrambling to keep warm and their families safe this weekend.

Jason Taibl with Coral Aire said homeowners should have their heater regularly checked.

“When that smell that you get when you start it up nine months later, two years later, whatever the case may be, the heating elements are burning the dust off there,” Taibl explained. 

for those who use space heaters, it only takes mere minutes for improper use to lead to a devastating fire.

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Experts said a space heater should be at least 3 feet away from anything flammable, should be shut off before leaving the room or going to sleep and should never be plugged into an extension cord.



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