Opposition to Alberta oilsands pipeline plans is spreading and escalating into a constitutional, aboriginal rights challenge against liquefied natural gas (LNG) exports from the Pacific Coast of British Columbia (BC).
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Chemical industry executives are going after strategic acquisitions and new product development to lift growth in the coming year in the face of “escalating input costs, stiffer competition and a struggling global economy,” according to a survey by KPMG LLP.
The costs to build and operate upstream natural gas and oil facilities appear to be escalating and should continue to rise, driven by increased costs in drilling rig dayrates, equipment and oilfield services, according to IHS Inc.
Rep. Edward Markey (D-MA) and Rep. Rush Holt (D-NJ) introduced legislation Thursday to establish an escalating fee on the “tens of millions of acres of public lands” that oil and natural gas producers have under leases but which are not producing. The objective of the measure is to compel companies to produce on existing leases before they can acquire new leases, a Markey spokeswoman said.
Rep. Edward Markey (D-MA) said he and Rep. Rush Holt (D-NJ) planned to introduce legislation Thursday to establish an escalating fee on the “tens of millions of acres of public lands” that oil and natural gas producers have under leases but which are not producing.