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Moratorium on New Oil and Gas Operations Lifted in Adams County
2016-03-26 04:26:21| Oil & Gas - Topix.net
On Tuesday, Adams County, Colorado, commissioners lifted a six-week moratorium on new oil and gas drilling operations in urban areas. The moratorium, previously approved by the county commissioners in early February following contentious public debate about a proposed 10-month moratorium, applied to new permits for wells or well pads within 1,500 feet of homes, schools or public buildings.
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Federal oil, gas leases stall over bird concerns in US West
2016-03-25 23:24:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Concerns over a bird that ranges across the American West continue to delay federal oil and gas lease sales, five months after Interior Secretary Sally Jewell proclaimed the Obama administration had found a way to balance drilling and conservation. The Interior Department said it will defer the sale of almost 60,000 acres of leases that were nominated by companies in eastern Montana as the agency works on new policies for greater sage grouse. More than 8 million acres of leases previously were...
Headline tax rate on UK oil and gas sector to reduce from 50% to 40%, says report
2016-03-24 10:58:00| Offshore Technology
The headline tax rate on the UK's oil and gas sector reduction to 40% from 50% or 67.5% for mature fields could lead to a value increase of up to 20% for new developments and up to 70% for older sites, according to new analysis from GlobalData.
Oil And Gas Debt - The Next Moral Hazard?
2016-03-24 02:01:52| Oil & Gas - Topix.net
Energy firms have raised more than $9B this year. Some of the capital has gone to repay revolvers from banks.
OMV, ADNOC and Occidental to explore offshore oil and gas fields in Abu Dhabi
2016-03-21 01:00:00| Offshore Technology
Austria-based OMV has signed a contract with the Abu Dhabi National Oil Company (ADNOC) and US-based Occidental Petroleum to explore several undeveloped offshore oil and gas fields north-west of Abu Dhabi.
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