Responding to a court order, the SEC adopted rules to require resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas or minerals.
Mining
SEC Adopts Resource Extraction Rules
By Stephen M. Quinlivan | Stinson Leonard Street - Dodd-Frank and the Jobs ActSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.How To Mitigate The Impact Of Surface Mines On Nearby Communities
By Pablo Villalobos
While mining is essential to modern civilization, providing the required resources to fuel our favorite luxuries, even miners understand that the practice can get messy. Moving and removing several thousand tons of rock and dirt will never be a thoroughly simple endeavor, and some communities near active mines could potentially be inconvenienced if the operation… Keep reading →
Energy News Roundup: EIA Projects Oil Output Cuts, Zambian Energy Crisis & New Solar Technology Discovered
By Conor O'Sullivan
The decline in the price of oil could force the U.S. and other non-OPEC producers to make their deepest output cuts since the early 1990s, according to the International Energy Agency. [WSJ] The privatization of Zambia’s mines has created an energy crisis, producing regular power cuts and inadequate funds for new power stations. [The Guardian] Researchers… Keep reading →
Energy News Roundup: Nigerian Oil Theft Hitting Exports, EPA Emissions Rule and Possible BHP Billiton Split
By Jared Anderson
Oil theft in Nigeria caused Shell to recently declare force majeure on its Forcados crude grade and continued sabotage could decrease May exports to the lowest levels in five years, which would make Angola the largest African oil exporter by volume. [Sweet Crude Reports] The long-awaited EPA rule to restrict carbon emissions from existing power… Keep reading →
Oil and gas companies have discovered most of the world’s “easy oil,” but face extreme pressure from shareholders and Wall Street to consistently increase production and replace reserves, which takes them further offshore and closer to the poles. And as petroleum resources are increasingly developed in outpost locations with unconventional methods, the key to making… Keep reading →
MidAmerican Energy Holdings, a unit of Warren Buffett’s Berkshire Hathaway, has agreed to buy nearly 450 2.3-megawatt wind turbines – with an estimated collective value of over $1 billion – from Siemens. “MidAmerican is expanding in wind as costs fall.” [Bloomberg] China’s move to tackle air pollution could push major Australian coal mining operations from… Keep reading →
Oil and gas company valuations are based, in part, on their reserves – volumes of oil or gas yet to be developed from assets in their possession. But the International Energy Agency has said that to avoid catastrophic climate change, a third of global fossil fuel reserves must be off-limits until 2050. And if governments… Keep reading →
Australia is poised to overtake tiny Persian Gulf natural gas powerhouse Qatar as the world’s largest LNG exporter in coming years, but cost overruns, labor issues and fierce competition for resources have caused project delays or cancellations. So many are wondering which projects ultimately get built, when will they come on stream and how much… Keep reading →
Those solar zones that the Obama administration has created on public lands in the West, they’re for solar. No mining allowed. The Bureau of Land Management made this temporary ban a long-term thing earlier this month, putting 475 square miles in six western states off-limits to new mining claims for the next 20 years. It’s a move… Keep reading →
BLM has issued a land order to segregate federal lands from new mining claims for solar energy development across six western states. On July 5, 2013, the Bureau of Land Management (BLM) approved a Public Land Order that withdraws 303,900 acres of federal land identified for solar energy development from new mining claims for 20… Keep reading →
