(Thu, 20 Oct 2016) Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices. However, Russian oil and natural gas companiesâ capital investment programs have been less affected, if at all. Russiaâs two main hydrocarbon taxes are calculated by formulas that result in lower tax rates at lower crude oil prices.
It may not change human behavior, but if it did, a recent AAA report on the benefits of premium gasoline might cut into what on paper looks like a pretty profitable business.
(Wed, 19 Oct 2016) Coal has long been the dominant source of electricity generation in the Mountain Census division. In the eight Mountain states, coal-fired power generation made up almost 50% of the regionâs total generation in 2015, compared to the national average of 33%. A decade ago, coalâs share in Mountain states was even higher, at 63%.
The low prices are a point of pride for residents, and a reason for visitors to fill up before going home. That may change next month when the per-gallon tax rises 23 cents.
An Ocean Intelligence report published two whole years before the momentous collapse of Hanjin, the world’s seventh (or eighth or tenth – depends who’s asked) largest container liner and South Korea’s flagship carrier.
(Tue, 18 Oct 2016) An estimated 62,500 power plants are operating around the world, with a total installed generating capacity of more than 6,000 gigawatts (GW) in 2015. The nine largest operating power plants in the world by capacity are all hydroelectric power plants.
Understatements can be jarring in a place like Dubai, where little is left to the imagination when it comes to wealth and statements of status are a way of life.
It is six years since a prominent newspaper dubbed BP’s chief executive the “most hated and clueless man in America” and in that time the company has paid $62 billion in fines and compensation for its role in the Macondo Gulf of Mexico oil spill.
(Mon, 17 Oct 2016) Hurricane Matthew resulted in temporary electricity outages for millions of customers along the southern Atlantic Coast. Matthew was a Category 3 hurricane when it hit the east coast of Florida, just north of the St. Lucie Nuclear Plant, on Thursday, October 6.
The fight to halt construction of the Dakota Access crude pipeline made its way to the US energy capital as dozens of activists marched in downtown Houston.
