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For oil and gas companies, rigging involves wages too

2014-09-29 09:51:22| Oil & Gas - Topix.net

A ProPublica review of U.S. Department of Labor investigations shows that oil and gas workers - men and women often performing high-risk jobs - are routinely being underpaid, and the companies hiring them often are using accounting techniques to deny workers benefits such as medical leave or unemployment insurance. The DOL investigations have centered on what is known as worker "misclassification," an accounting gambit whereby companies treat full time employees as independent contractors paid hourly wages, and then fail to make good on their obligations.

Tags: too companies gas oil

 

INEOS to share 2.5bn of Shale gas profits with communities in UK

2014-09-29 01:00:00| Hydrocarbons Technology

INEOS intends to give 6% of its revenues from Shale gas to communities who live above its Shale gas operations in the UK.

Tags: share uk gas communities

 
 

NiSource splits off natural gas pipeline business

2014-09-29 00:33:59| Energy - Topix.net

Gas and utility company NiSource Inc. announced Sunday that it plans to split off its natural gas pipeline and related businesses into a stand-alone publicly traded company. The new company, Columbia Pipeline Group Inc., will control the business of transporting and storing natural gas.

Tags: business natural gas natural gas

 

Alaska Permanent Fund seeking new oil and gas investments

2014-09-28 20:04:16| Oil & Gas - Topix.net

Calls for big investors to stop investing in companies that produce fossil fuels are picking up steam, but the Alaska Permanent Fund has been doubling down on its investments in the oil and gas industry. The $51 billion fund has long bought stocks of companies involved in the oil and gas industries, but it is now making direct investments in oil and gas companies, hoping to capture even more of the big profits others have been earning.

Tags: gas permanent oil fund

 

Chinese Executives Educated in Calgary on the Oil and Gas Industry

2014-09-28 03:00:31| Oil & Gas - Topix.net

Ralph A. Cantafio, of Cantafio Eddington P.C., educated Chinese executives in the oil and gas industry in Calgary, Alberta for Petrometer International Education Co., Ltd. In 2014 the United States Energy Information Administration reported "China is the world's most populous country with the fastest-growing economy that has led it to be the largest energy consumer and producer in the world. Rapidly increasing energy demand, especially for liquid fuels, has made China extremely influential in world energy markets."

Tags: industry chinese gas oil

 

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