The Interior Department remains mum on Republican senators’ claim that revenue from bonus bids associated with offshore oil and natural gas leasing has nosedived to zero from $10 billion over the past three years.
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Industry Brief
A trio of Alaska state senators recently introduced legislation that would extend a corporate income tax break to the operator of a natural gas-to-liquids (GTL) plant, should one be built, to liquefy North Slope gas production for shipment to Lower 48 and/or overseas markets. GTLs could be shipped on the Trans-Alaska Pipeline in combination with crude or separately. The bill (SB 109) recently had its first reading in the senate’s Resources Committee. Sen. Lesil McGuire (R-Anchorage) introduced the legislation; Sens. Tom Wagoner (R-Kenai) and Bill Wielechowski (D-Anchorage) are co-sponsors.
WV Lawmakers Pen Bill to Boost Natural Gas
Several state senators have introduced legislation this month designed to help spur investment in West Virginia’s natural gas industry.
WV Bill Aims to Boost Investment in Natural Gas
Several state senators introduced legislation last week designed to help spur investment in the natural gas industry.
Capitol Hill Joins in Aftershocks of PG&E Pipeline Blast
While a California congresswoman from the San Bruno, CA, area was proposing legislation addressing safety and transparency for natural gas transmission pipelines, U.S. senators representing the state last Tuesday speculated that the natural gas pipeline explosion last month would have been far less of a disaster if the Pacific Gas and Electric (PG&E) line had automatic shutoff valves.
California Senators, NTSB Official Tout Automatic Shutoff Valves
U.S. senators representing California Tuesday said they believe the pipeline explosion in San Bruno, CA, earlier this month would have been far less of a disaster if the Pacific Gas and Electric (PG&E) line had automatic shutoff valves.
Senate Amendment Would Preserve FERC’s Market Authority
As broad financial reform legislation neared completion in the Senate, a bipartisan group of senators slipped in an amendment cutting off a move by the Commodity Futures Trading Commission (CFTC) to claim sole jurisdiction over natural gas and power transactions. The amendment passed by voice vote on the Senate floor Tuesday night, preserving the existing authority of individual states and FERC in the oversight of the natural gas and power markets.
Permit Denial for ConocoPhillips Comes Under Fire
Both of Alaska’s U.S. senators blasted the Obama administration’s denial of ConocoPhillips’ permit application to construct a bridge to access what would have been the first oil and natural gas leases in the National Petroleum Reserve-Alaska (NPR-A). The administration insisted that the producer instead should use directional drilling for the development.
Permit Denial for ConocoPhillips Comes Under Fire
Both of Alaska’s U.S. senators blasted the Obama administration’s denial of ConocoPhillips’ permit application to construct a bridge to access what would have been the first oil and natural gas leases in the National Petroleum Reserve-Alaska (NPR-A), insisting instead that the producer use directional drilling for the development.
Permit Denial for ConocoPhillips Comes Under Fire
Both of Alaska’s U.S. senators blasted the Obama administration’s denial of ConocoPhillips’ permit application to construct a bridge to access what would have been the first oil and natural gas leases in the National Petroleum Reserve-Alaska (NPR-A), insisting instead that the producer use directional drilling for the development.