Former natural gas industry executive Sheffield Nelson has enlisted the aid of economist Charles Venus in his campaign to raise the severance tax that Arkansas levies on natural gas production. Raising the tax to 7% would mean an additional $155 million per year for state coffers, the equivalent of less than a day and a half of profits for ExxonMobil, Venus said recently.
Charles
Articles from Charles
Louisiana Eyed for Ethane Cracker
Sasol Ltd. is considering building an ethane cracker and derivatives complex near its existing Lake Charles Chemical Complex in Westlake, LA. If built, it could be one of the largest ethane crackers in the country, with production of up to 1.4 million tons per year.
December 2, 2011
Two Offshore Gas Leaks Under Investigation
An offshore platform about 93 miles south of Lake Charles, LA, in the Gulf of Mexico (GOM) used to process natural gas has been evacuated following discovery of an underwater gas leak, according to the Bureau of Ocean Energy Management, Regulation and Enforcement.
January 20, 2011
Senator Proposes Central Repository for OTC Derivatives Trades
Sen. Charles Schumer (D-NY) said he is drafting legislation that would require the reporting of over-the-counter (OTC) derivative trades — including energy transactions — to a central trade repository, making it easier for regulators to keep closer tabs on the market.
August 10, 2009
Cameron LNG Terminal Goes Online
Less than a day after getting clearance from FERC, Sempra’s Cameron LNG liquefied natural gas import terminal near Lake Charles, LA, which had been under construction for four years, began commercial operation on Thursday.
August 3, 2009
Cameron LNG Receives First Cargo
Sunday saw the arrival of the first cargo of liquefied natural gas (LNG) at Sempra LNG’s Cameron LNG terminal near Lake Charles, LA.
June 23, 2009
Anadarko’s Gulf Royalty Win Upheld on Appeal
Anadarko Petroleum Corp. sighed a breath of relief Monday after the Fifth Circuit Court of Appeals in New Orleans upheld a Lake Charles, LA, federal court’s 2007 decision that the company did not have to pay the U.S. Government millions of dollars in royalties on eight oil and natural gas leases in the Gulf of Mexico (GOM).
January 14, 2009
Illinois Regulator Possible FERC Chairman
Charles E. Box, chairman of the Illinois Commerce Commission (ICC), is one of the names being mentioned to become either a FERC commissioner or possibly even chairman in the Obama administration.
December 8, 2008
ICC Chairman Reportedly Being Eyed for FERC
Charles E. Box, chairman of the Illinois Commerce Commission (ICC), is another name that’s being mentioned for either FERC commissioner or possibly even chairman under an Obama administration.
December 5, 2008
Louisiana Lawmaker Opens Arms to Weaver’s Cove LNG Project
If Massachusetts is so dead set against siting the proposed Weaver’s Cove LNG terminal in its state, Rep. Charles W. Boustany Jr. (R-LA) suggested that the company consider relocating the controversial project to Louisiana.
April 21, 2006
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