Sen. Murkowski: Obama Administration at Fault for “Project Killer” Regulations Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans to shut its office in Anchorage and will walk away from 16 operated and 50 non-operated leases in the Chukchi Sea.
The Energy Information Administration (EIA) published its findings regarding the removal of the crude oil export ban on September 1, 2015, finalizing a series of studies that have spanned dating back to May 2014. The EIA took a cautious approach in delivering its findings, explaining repeatedly how the price of crude oil could have wide implications on the effects of
The coexistence of residential living and oil and gas operations has become an increasingly significant factor as the viability of hydrocarbon development has spread across the United States. Particularly in regard to shale drilling. Colorado, North Dakota and Wyoming have all enforced 500 foot buffer zones. Texas and Pennsylvania widely vary. Montana, however, has no buffer zone and its residents
Drilling on Federal Lands could get more expensive The Department of the Interior (DOI) recently announced a notice of proposed rulemaking that would change the price structure used for royalties on federal lands. The Bureau of Land Management (BLM) is soliciting public comments for the next 45 days on the proposed rulemaking. According to the proposal, the BLM is considering
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