EDITORIAL: New government activism
Market principles and the rule of law are under assault. From Russia to Latin America to the US, high oil prices have touched off a round of government activism.
Mexico adopts new tax structure for oil, gas exploration, production
On Jan. 1 of this year, Mexico initiated a new fiscal regime for its oil and gas industry, primarily to ensure the financial stability of Petróleos Mexicanos (Pemex), the national oil company.
Clinton urges new taxes, mandates on oil, gas firms
US Sen. Hillary R. Clinton (D-NY) has called for creation of a strategic energy fund, bankrolled by additional taxes on major oil company profits, to stimulate research and investment in technologies and to cut US oil imports in half by 2025.
FTC finds no cases of post-Katrina gasoline ‘price-gouging’ activity
The US Federal Trade Commission found no instances of illegal market manipulation to increase gasoline prices in the weeks following Hurricane Katrina late last summer, the federal agency said in a report issued May 22.
WATCHING GOVERNMENT: Energy keeps Congress busy
With the administration of President George W. Bush apparently trying to get as far away from oil and gas as possible while it promotes alternative energy sources, the 109th Congress has assumed the initiative on several issues.
House okays oil and gas leasing of ANWR coastal plain
The House passed another bill authorizing oil and gas leasing of the Arctic National Wildlife Refuge coastal plain May 26 as opponents protested that supporters had choked off debate.
Industry, government groups describe hurricane steps
US oil and gas producers, pipelines, and refiners are working closely with federal, state, and local governments to prepare for the 2006 hurricane season, industry and government officials said on May 30.
WATCHING THE WORLD: A company plan on human rights
ExxonMobil Corp has instructed managers of its worldwide facilities to stand up for human rights in communities where the company operates.