Sentences with phrase «offshore oil royalty»

Not exact matches

Of this $ 8.3 billion $ 1.3 billion are offshore oil and natural resource royalties which are transferred to the Newfoundland Offshore Petroleum Resources Revenues Fund and the Nova Scotia Offshore Revenues Account under federal agreement.

Some of the money will come from an increased share of offshore oil and gas royalties, but many coastal advocates say the industry should pay a larger share.

Currently companies pay 12.5 - 18.8 % to the feds for on and offshore oil development, while the lowest Interior Department proposal fixes the royalty rate for oil shale at 5 %.

For example, an «energy security fee» of $ 3.50 per barrel of imported oil would raise approximately $ 15 billion annually; reduced fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on new offshore continental shelf drilling could raise more than $ 100 billion over twenty years.

Oil and gas lease sales, royalties from mineral and energy production, Alaska's «Open for Business» initiative, renewable energy development, mineral extraction, the future of coal production from public lands, offshore renewable energy development, and oil and gas exploration and drilling in the Outer Continental Shelf were just some of the topics discussOil and gas lease sales, royalties from mineral and energy production, Alaska's «Open for Business» initiative, renewable energy development, mineral extraction, the future of coal production from public lands, offshore renewable energy development, and oil and gas exploration and drilling in the Outer Continental Shelf were just some of the topics discussoil and gas exploration and drilling in the Outer Continental Shelf were just some of the topics discussed.

The federal Petroleum Resource Rent Tax (PRRT) has replaced state royalties for new offshore oil and gas, so Victoria would not receive any royalty income from the new Dory gas project.

(Sec. 383) Allows a lessee to withhold from payment any royalty due and owing to the United States under any leases under the Outer Continental Shelf Lands Act for offshore oil or gas production from a covered lease tract if, on or before the date that the payment is due and payable to the United States, the lessee makes a payment to the state of 44 cents for every $ 1 of royalty withheld.