If the COGCC had imposed the maximum fines for the reports that were missing or incomplete from 2016-18, the penalties would have totaled as much as $308 million, the audit said. If the commission had fined just the three operators with the most delinquent reports, the penalties would’ve been more than $120 million, the auditor’s office said. … [Read more...] about Anadarko tops list of oil, gas companies with missing or incomplete production reports
Bechtel oil gas and chemicals inc
Many of the world hydrocarbon-based economies are diversifying and cutting their dependence on oil and gas as revenue earners, particularly, foreign earnings, mainly because of the instability of the oil commodity market. The Kingdom of Saudi Arabia, for instance, is pursuing a vigorous national economic diversification programme to reduce its dependence on oil. The non-oil sector of the Kingdom’s economy as at 2017 accounted for 38 per cent of its GDP. The case for the United Arab Emirates, UAE, is more dramatic. Diversification of the economy of the UAE started in the 1980s, and centred on trade and the creation of shipping and logistics centres in Port Rashid and the port and free zone in Jebel Ali as well as Dubai International Airport. … [Read more...] about Manufacturing: Understanding the importance of Oil and Gas Free Zones
French riot police are today facing investigation for spraying peaceful Extinction Rebellion protesters in the face with tear gas. Shocking footage shows members of the environmental protection group sitting still on the ground as copious amounts of the excruciating gas is brutally sprayed into their eyes … [Read more...] about French riot police ‘spray TEAR GAS’ in faces of seated Extinction Rebellion activists outside airport in Alpine town
Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, had also earlier emphasized on the need to not only conduct regular bidding rounds and award blocks, but to drill. “The world’s two largest producers, the United States and the Russian Federation, have built their industries and maintained themselves at the top because they never stop drilling,” he declared. “In Africa we need drill or drop policies.” … [Read more...] about Angolan oil companies to work with gov’t on reforms to stem production decline
"The coronavirus is already having a major impact on China's LNG demand," gas market expert Andy Flower said. "There are few other places for the additional LNG production to go, so sellers are likely to look to Europe again. So how will Gazprom respond: Do they go for value or volume?" And therein, perhaps, lies the ultimate rub. … [Read more...] about Baltic gas pipeline: Will Nord Stream 2 be or not be?