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2015-04-18 16:05:00

U.S. WANT MONEY

U.S. WANT MONEY

The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal the Interior Department is expected to announce on Friday.

The federal government is entitled to a 12.5 percent share of oil and gas sold from federal land, chiefly in Western states. The stake for offshore drilling is usually set at 18.75 percent.

Friday's move will open a discussion with the energy industry, environmentalists and other stakeholders about how to set future royalty rates for onshore drilling, said a government official briefed on the proposal.

Oil and gas output has been climbing across the nation in recent years due to advanced drilling techniques. But most of that production is on private land in energy patches like North Dakota's Bakken or the Eagle Ford fields of Texas.

Increasing royalties will make sure taxpayers profit from the national energy renaissance. But new controls are also needed to protect federal land where drilling occurs, officials said.

Specifically, the Interior Department is considering whether to require energy companies to hold more cash or insurance to restore depleted drill sites and increase other drilling fees.

The proposal will be open for comment through at least the end of May and officials said they expect wide feedback.

Only about 5 percent of total U.S. oil production was on federal land in 2013, according to the latest available data from the Energy Information Administration.

permianshale.com

Tags: U.S., OIL, GAS, DRILLING

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U.S. WANT MONEY
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

U.S. WANT MONEY
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

U.S. WANT MONEY
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

U.S. WANT MONEY
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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