Crude Oil Price by oil-price.net

Oil and Gas Energy News Update

Showing posts with label Agency. Show all posts
Showing posts with label Agency. Show all posts

Monday, May 16, 2011

Delta Marine Technologies Inks Agency Agreement with Ampelmann

- Delta Marine Technologies Inks Agency Agreement with Ampelmann

Monday, May 16, 2011
Delta Marine Technologies Inc.

Delta Marine Technologies and its affiliates announced the signing of an Agency Agreement with Ampelmann Operations BV of The Netherlands as sole agent throughout much of the Western Hemisphere excluding Brazil for the rental and hire of the Ampelmann Offshore Access System.

This system is designed to address the requirement for personnel transfer in the offshore environment where active compensation of wave-induced vessel motions of marine vessels brings safety and efficiency to new levels of performance unmatched by the more conventional conveyances currently employed in the offshore energy industries of Oil and Gas, Wind and Wave Power.

Future applications for the Ampelmann system include but are not limited to the following:

  • Floatel accommodation support
  • Offshore hook-up and commissioning
  • Platform decommissioning
  • Platform jacket installations
  • Brownfield re-development
  • Production operations for unmanned facilities
  • Ship-to-Ship personnel transfer
  • Wind Energy installation projects
  • Wave Energy installation projects

Oil & Gas Post

Promote Your Page Too

Tuesday, May 3, 2011

Pa. Revenue Agency: Q1 Tax Payments Already Beat 2010 Totals

Pa. Revenue Agency: Q1 Tax Payments Already Beat 2010 Totals

Tuesday, May 03, 2011
Pennsylvania Department of Revenue

At the direction of Governor Tom Corbett, the Department of Revenue on Monday released an analysis showing that companies engaged in and related to natural gas drilling activities in Pennsylvania have paid more than $1.1 billion in state taxes since 2006.

Those taxes came on top of the billions of dollars of infrastructure investments, royalty payments and permit fees paid by the industry.

The Revenue Department's analysis, which breaks out tax payments from oil and gas companies and their affiliates through April 2011, indicates that 857 of these companies have already paid $238.4 million in capital stock/foreign franchise tax, corporate net income tax, sales/use tax and employer withholding to the state in 2011.

These figures from the first quarter of this year already exceed by nearly $20 million the total tax payments made in all of 2010.

The department's analysis also identified $214.2 million in personal income taxes paid since 2006 attributable to Marcellus Shale lease payments to individuals, royalty income and sales of assets.

A comprehensive analysis of personal income tax paid on Marcellus Shale business profits is not feasible because the department cannot conclusively determine what profits from Marcellus Shale partnerships, S corporations and LLCs were passed through to individuals as opposed to C corporations, which are taxed at 3.07 percent and 9.99 percent, respectively.

However, the department can determine that these oil and gas companies, and their affiliates, include 1,096 pass-through businesses. These businesses reported $675.4 million in 2008 income.

Oil & Gas Post

Promote Your Page Too

Thursday, April 21, 2011

Key Agency to Miss Next Round of Tests

Key Agency to Miss Next Round of Tests

Thursday, April 21, 2011
Houston Chronicle
by Jennifer A. Dlouhy

Testing is set to resume next week on the blowout preventer that failed to stop gushing oil at BP's Macondo well, but an independent federal agency that has been probing the disaster will not be permitted to participate.

Under a federal judge's ruling, the only witnesses allowed during the examination at a NASA facility in New Orleans will be representatives of the Justice Department, oil spill victims in a broad class-action lawsuit and three companies linked to the disaster.

That shuts the door to the Chemical Safety Board, the latest setback for the U.S. agency that has been trying to get a foothold in investigating the spill since lawmakers requested the board's involvement last year.

A four-month probe of the blowout preventer concluded that after surging oil and gas pushed drill pipe askew, the device's powerful shear rams were unable to completely sever the drill pipe and seal the well.

On March 25, U.S. District Judge Carl Barbier granted BP's request for additional tests, which will be conducted by the same forensic analysis firm that examined the blowout preventer at the Michoud NASA facility from November through February.

Although the CSB was part of a "technical working group" that guided that testing, Barbier's ruling last week excluded the board -- along with anyone else not party to oil spill litigation -- from the additional analysis.

The ruling was not released, but it was described by several people with know-ledge of the case and connections to the oil spill litigation that Barbier is overseeing.

The CSB has limited recourses to gain access now, since it does not have independent litigating authority like other federal agencies.

The CSB has limited recourses to gain access now, since it does not have independent litigating authority like other federal agencies.

Justice Department

Instead, it is up to the Justice Department whether to enforce CSB subpoenas or fight for its access in court. Lawyers at the Justice Department concluded months ago that it would not assert CSB's jurisdiction in court, amid uncertainty about whether the agency was authorized to probe the accident.

Although the CSB has investigated more than 50 industrial accidents in its two-decade history -- including the lethal 2005 explosion at BP's Texas City refinery -- federal officials and companies linked to the Macondo well have questioned the board's jurisdiction to probe the Deepwater Horizon blast.

A stationary object?

The federal law that created the CSB says it is not authorized to investigate marine oil spills. The CSB has argued that applies to investigations of transportation-related spills and not its probe focusing on what happened on the rig itself.

The rig was tethered to the well in the seabed, effectively making it a stationary installation, CSB officials have said.

"The CSB continues to face significant challenges in its fact-gathering process, including companies and witnesses evading subpoenas for testimony and records," said CSB Chairman Rafael Moure-Eraso said in a statement.

Moure-Eraso said the agency is focusing on whether the evolving federal oversight of offshore drilling "can adequately prevent another major accident and protect offshore workers."

On Wednesday, the CSB asked the Obama administration to hand over potentially hundreds of thousands of documents amassed during a presidential commission's six-month probe of the spill.

Don Holmstrom, the CSB's investigations supervisor, said the commission's documents "would provide us the ability to have the fullest possible picture of what occurred."

Request to Chu

Moure-Eraso made the request in a letter to Energy Secretary Steven Chu, saying that the commission had seemed likely to approve an earlier request for the material, but that the document transfer could not be worked out before the presidential panel was disbanded last month.

The Energy Department is reviewing the letter and will consult with the Justice Department on the response.

Bob Graham, the co-chairman of the presidential commission, said in written responses to questions from the Senate in March that the CSB's earlier request for the commission documents involved "legal issues" that the Justice Department had to resolve.

LINK 
The Gulf of Mexico Oil Spill
Latest Deepwater Horizon Headlines

Thursday, March 31, 2011

PetroChina Drills China's 1st HZ Shale Gas Well

PetroChina Drills China's 1st HZ Shale Gas Well

Thursday, March 31, 2011
Dow Jones Newswires