Normally the royalty rate paid by oil and natural
gas companies for producing on public lands is 18.8 %.
Earlier this week New York City mayor Bill de Blasio stood side - by - side with several leading anti-fossil fuel activists, whom he called «my brother and sister activists,» and announced he would sue five oil and
gas companies for causing Hurricane Sandy.
With a decision that could have far - reaching implications, a federal judge in California has ordered the first ever U.S. court hearing on climate science for a «public nuisance» lawsuit, meaning that major oil and
gas companies for the first time may have to go on the record regarding what they knew about the planetary impacts of their products — and when.
The plaintiffs fault oil and
gas companies for knowing about climate change in the mid-20thcentury, accusing them of ignoring the «warnings» and proceeding «to double - down on fossil fuels.»
Last night the Louisiana House approved a bill that retroactively kills a lawsuit by the Southeast Louisiana Flood Protection Authority - East against 97 oil and
gas companies for the industry's pollution and damage to the state's wetlands.
This week, two California cities, San Francisco and Oakland, announced they are suing five oil and
gas companies for allegedly causing global sea levels to rise.
In seeking to sue ExxonMobil and other oil and
gas companies for contributing to climate change, San Francisco hired the one lawyer who has spent the last decade conspiring with activists to try and figure out a way to blame individual companies for global warming.
Palin's getting money from
the gas companies for the citizens of Alaska is not impressive to me and seems to be not much more then a payoff.
For the new study, his team combined 23 hormone - disrupting chemicals known to have been used by oil and
gas companies for fracking.
Alberta farmers have difficulties getting their products to market by rail, and now without pipeline construct will continue to compete with oil and
gas companies for rail transportation.
Niko Resources, a Calgary - based oil and
gas company for which Sharif was the senior in - country executive, was being accused of bribery, thereby jeopardizing diplomatic relations.
Oscar Isaac plays Abel Morales, the owner of a heating oil company in the early 80s when people, instead of having deals with the electric or
gas company for their heating, they negotiated heating oil prices with the providers directly.
Not exact matches
Perth
company Underground Services is targeting the coal - seam
gas sector
for further growth on the back of already burgeoning revenue.
The LNG Canada and Kitimat LNG projects, as well as a fourth plant proposed
for the northern B.C. coast by Malaysian state energy
company Petronas and Calgary - based Progress Energy, will likely have to wait
for new pipelines to be built directly from the shale
gas fields of northeastern B.C. Kitimat LNG's owners are separately developing the Pacific Trails pipeline to their terminal.
Weakness in the
company's fuel refining and chemicals businesses dragged on an upbeat quarter
for Exxon's unit that focuses on producing oil and natural
gas.
PulpWorks has also picked up some international work, such as packaging
for gas meters
for a
company in Tunisia.
In June the
company received the first - ever FAA commercial license
for unmanned aircraft operations over land and water
for its work with BP on Alaska's North Slope, part of a big push to develop oil and
gas in remote areas with the help of UAVs.
Because they're not employees of the
company, they do not receive certain benefits, like overtime pay or reimbursement
for expenses like
gas or mileage.
While E&P and service
companies benefit from rising prices, the same can't always be said
for «downstream» businesses (think refiners and
gas station operators) or «midstream» firms that transport oil.
Among the biggest issues oil - and -
gas - exploration
companies face in the search
for new sources of hydrocarbons is putting humans or high - value assets at risk.
The upshot:
For now investors should avoid pure - play downstream
companies like Marathon Petroleum (mpc), which has focused on refining, retail
gas sales, and transport since being spun off from Marathon Oil (mro) in 2011.
Perth - based data management
company Tape Ark has completed a world first
for the oil and
gas exploration industry by demonstrating real - time seismic data acquisition using cloud storage rather than traditional tapes.
Governments,
for their part, must establish the needed incentives, like a carbon tax, which many oil and
gas companies claim to support.
An argument can be made that oil and
gas companies are just reflecting the unfortunate situation they find themselves in, but that's not enough, and it's not what investors are asking
for.
For GE, the deal will help it focus more on the oil and
gas sector, especially in North America, while shielding the parent
company's earnings from the energy industry's boom and bust cycles.
A spokesman
for LNG Canada, a proposed export facility near Kitimat that includes Shell Canada, Korea
Gas, Mitsubishi and PetroChina, said the
company doesn't plan to make a decision until 2015 or later.
• PAG agreed to acquire the collective stakes from the three founders of Chinese industrial
gas company Yingde
Gases (SEHK: 2168)
for $ 616 million, according to Reuters.
Weingarten cautions against equating R&D spending too closely with innovation, noting that many oil and
gas companies fare poorly under such measurements because of Statistics Canada's criteria
for research spending, but still frequently develop new methods and ideas.
As a result, a growing number of transportation
companies,
for example Waste Management Inc., are finally converting their fleets to natural
gas from diesel.
But he also revealed plans to promote consumption by converting federal fleets to natural
gas, offering tax incentives to transport
companies for converting their vehicles, and creating five highway corridors, each with a string of natural
gas fuel stations.
• EIG Global Energy Partners acquired Kinder Morgan «s (NYSE: KMI) 49 % stake in Elba Liquefaction
Company, a Savannah, Ga. - based natural
gas producer,
for about $ 385 million in cash.
CEO Randy Eresman noted in the Calgary - based
company's 2011 year - end results: «
For the industry as a whole, near - term natural
gas prices are at levels below what it costs to add most new production, and in some places, may even be below what it costs to produce from existing wells.»
For somebody who had never been to New Orleans, but moved there initially to teach and then a year later left the classroom to start a
company, I've seen firsthand just how much the community has invested in bringing in and retaining young people who really want to contribute to rebranding the city, bringing it from, old oil and
gas and just tourism really into the 21st century with lots of high - tech, high - growth businesses.
• Neptune Energy Group, which is backed by Carlyle Group and CVC Capital Partners, agreed to acquire ENGIE E&P International, a Paris - based oil and
gas exploration
company,
for $ 3.9 billion.
While oil and
gas companies are prime targets
for a lot of negative PR and public ire, Chevron employees responded favorably towards the
company's culture.
Chief Executive Bob Dudley is in line
for a $ 19.6 million compensation package
for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of oil led to more than 5,000 job losses at the oil and
gas company.
• BP Energy Partners will sell portfolio
company Pinnacle Midstream, a Houston, Texas - based oil and
gas exploration
company,
for at least $ 300 million, according to Reuters.
Armed with that reconnaissance, they began to develop what Sim calls a «solution map» — a prospective set of software tools designed to boost efficiency
for oil and
gas companies.
The Omani - based
company leads many different initiatives in a variety of sectors, ranging from higher education to solar energy to core testing
for oil and
gas, and even trying to build a «smart city» which may enable citizens to pay utility bills automatically, amongst other things.
Responding to Tory charges that the NDP's proposed cap - and - trade system would wind up raising
gas prices by 10 cents per litre, Jack Layton blamed Stephen Harper «s subsidies to big oil
companies and support
for the harmonized sales tax in Ontario
for higher
gas prices.
All reasonable enough conditions — though methane currently is regularly released as a part of standard business
for oil and
gas companies.
Rutan thought up a simplified design
for a rocket motor and contracted its manufacturing out to SpaceDev, a
company in Poway, Calif., that had developed rocket motors that burn a relatively easy - to - control mixture of liquid laughing
gas and rubber, producing a full ton of thrust.
Where does that leave other offshore
companies, notably Korea
Gas Co., Mitsubishi and Petronas, that have invested lesser but still impressive sums in B.C.'s shale fields, almost certainly
for the purpose of eventually importing LNG back across the Pacific?
The cap: Under the Canada Oil and
Gas Operations Act, the
company that gained approval
for offshore drilling work is liable in the event of a blowout.
Otto Energy is seeking to participate in exploring
for oil and
gas in Alaska through a $ US4 million ($ A5.4 million) investment in Austrian
company Borealis Petroleum.
Shares in Perth explorer Empire Oil &
Gas have surged after the company said it would buy ERM Power's Western Australian gas assets for $ 16.3 milli
Gas have surged after the
company said it would buy ERM Power's Western Australian
gas assets for $ 16.3 milli
gas assets
for $ 16.3 million.
The increased deployment of drones to the Arctic this year doesn't just spell economic opportunity
for global shippers of oil and
gas companies but also
for drone manufacturers.
Oil and
gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum,
for an upfront payment of $ 1 million.
Recently - listed Liquid Natural
Gas Limited has announced that it has signed the latest in a string of LNG deals, this time
for the supply of LNG from Tanzania to an unnamed South African
company.
Perth - based oil and
gas company Antares Energy has received a fresh $ US300 million offer from an undisclosed party
for its Permian Basin oil and
gas assets in Texas, less than six months after it backed out of a previous sale agreement.