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Editorial: Deepwater investment
Oil and gas producers should expect a political fight after a US appeals court ruled in their favor about royalties from deepwater leases.
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Global perspectives required for risk, opportunity analyses
The world has always held risks for upstream oil and gas companies, and it certainly shows no signs of becoming less risky in the near future.
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Salazar launches MMS ethics reform program
US Interior Secretary Ken Salazar launched an ethics reform program Jan. 29 to examine conduct of a group of US Minerals Management Service employees, look at restructuring the agency’s oil and gas royalty program, and review DOI’s ethics regulations and policies.
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Watching Government: Arctic offshore gets busier
Equipment for responding to arctic maritime accidents could prove inadequate as polar sea ice declines, energy demand grows, and vessel traffic increases, according to a report released Jan. 29 by the National Oceanic and Atmospheric Administration and the University of New Hampshire.
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Murkowski: Interim Point Thomson ruling good for Alaska gas line
Alaska Natural Resources Commissioner Thomas E. Irwin’s interim conditional decision to let leaseholders drill on two expired tracts this winter is good news for the Alaska natural gas pipeline project, US Sen. Lisa Murkowski (R-Alas.) said on Jan. 28.
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API: Windfall profits tax could harm US economic growth
New taxes on the oil and gas industry could cost hundreds of thousands of jobs, slow down economic growth, and make the US more dependent on foreign energy sources, according to a new study released on Feb. 3.
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NAPE: Geoscience gains hiking oil, gas recovery
Stiff gas-on-gas competition and a shakeout are approaching in the North American unconventional gas business, attendees were told Feb. 4 at an introductory session to the North American Prospect Expo in Houston.
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Brazilian president endorses Petrobras’s investment
Brazilian President Luiz Inacio Lula da Silva, endorsing statements by officials of state-run Petroleo Brasileiro SA (Petrobras), said his country will fully implement projects laid out in the firm’s 2009-13 business plan.
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Algeria eyes Peruvian natural gas development
Algeria’s state-owned Sonatrach, eyeing the pending development of Peru’s natural gas reserves and transport system, said it will join state-owned oil company Petroperu in hydrocarbon exploration and production activities.
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Pirates seize another tanker off Yemen
Pirates operating in the Gulf of Aden, shrugging off recent military and political developments aimed at curbing their activities, hijacked the MV Longchamp, a German tanker bound from Europe to the Far East with a cargo of LPG.
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Watching The World: A job for Global Hawk
The oil and gas industry is concerned about maritime affairs, especially piracy in the Gulf of Aden.