Even though its home country of France has nixed shale gas and oil exploration, Paris-based Total will continue to seek unconventional resources, a spokesman told NGI’s Shale Daily. Total sees gas as a major player on the world’s energy stage over the next 20 years.
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Tesoro Corp. said it plans to spend about $50 million on rail facilities to boost Bakken Shale crude oil shipments from North Dakota to its refinery in Anacortes, WA. The San Antonio-based company said it hopes to deliver up to 30,000 b/d after the project’s completion, up from the current rate of 1,000 to 2,000 b/d. The project will include loading and unloading facilities and a unit train. Tesoro estimates construction will take between nine months to a year to complete, once the necessary permits are received.
Windfall Profits Tax Shelved; Other Tax Concerns Linger
President-elect Obama has nixed plans to impose a windfall profits tax on oil and natural gas producers due to the steep slide in energy prices over the past couple of months. But while the incoming administration hath taketh away, Congress may giveth producers additional tax burden in the upcoming year, industry officials in Washington fear.
Obama Nixes Plan for Windfall Profits Tax on Oil, Gas
President-elect Obama has nixed plans to impose a windfall profits tax on oil and natural gas producers due to the steep slide in energy prices over the past couple of months.
OCS Inventory Nixed from Energy Bill; Alaska Price Subsidies on ‘Life Support’
Key legislative provisions favorable to natural gas production are winding up on the cutting-room floor as House-Senate negotiations over a broad energy bill come down to the wire.