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Oil and Gas
Statement of Frank Rusco, Dir., Natural Resources and Environment, GAO. The Dept. of the Interior oversees oil and gas activities onleased federal lands and waters. Revenue generated from federal oiland gas production is one of the largest nontax sources of federalgovernment funds, accounting for about $9 billion in FY 2009. Since the April 2010 explosion on board the Deepwater Horizon, Interior has been restructuring the bureaus that oversee oil and gas development. Specifically, Interior's Bureau of Land Mgt. (BLM) oversees onshore federal oil and gas activities; the Bureau of Ocean Energy Mgt., Regulation, and Enforcement (BOEMRE) created in May 2010 oversees offshore oil and gas activiti...
Climate Change: Preliminary Observations on Geo-Engineering Science, Federal Efforts, and Governance Issues
This is a print on demand edition of a hard to find publication. It is urgent that we must reduce emissions of carbon dioxide to help mitigate negative effects of climate change. Recently, there have been questions about geo-engineering (GE) -- large-scale deliberate interventions in the earth's climate system to diminish climate change. Most GE proposals fall into two approaches: solar radiation management, which offset temp. increases by reflecting a small percentage of the sun's light back into space; and carbon dioxide removal, which removes carbon dioxide from the atmosphere. This testimony focuses on: (1) the state of the science regarding GE approaches and their effects; (2) fed. involvement in GE activities; and (3) the views of experts about the extent to which fed. laws and internat. agree. apply to GE.
Federal Oil and Gas Management: Opportunities Exist to Improve Oversight
In FY 2008, the Dept. of the Interior collected over $22 billion in royalties and other fees related to oil and gas. Within Interior, the Bureau of Land Mgmt. manages onshore fed. oil and gas leases, and the Minerals Mgmt. Service¿s (MMS) manages offshore leases. A fed. lease gives the lessee rights to explore for and develop the lease¿s oil and gas resources. MMS is responsible for collecting royalties for oil and gas produced from both onshore and offshore leases. This report focus on Interior¿s: (1) policies for oil and gas leasing; (2) oversight of oil and gas production; (3) royalty regime and policies to boost oil and gas development; (4) oil and gas information technology systems; and (5) royalty-in-kind program. Charts and tables.
Mineral Revenues
None
Royalty-in-Kind Program
Companies that develop and produce oil and gas from fed. lands and waters are required to report their production volumes and other data to the Minerals Mgmt. Service (MMS) and to pay royalties either in value (cash) or in kind (oil or gas). In FY 2008, MMS estimated that it had collected more than $2.4 billion in royalty-in-kind (RIK) gas. It is important that MMS ensure that it receives the RIK gas to which it is entitled. The difference between the RIK gas owed -- MMS's entitled percentage of gas -- and the percentage it actually receives is referred to as a "gas imbalance." This report evaluates the extent to which MMS can provide reasonable assurance that it is accurately identifying and collecting RIK gas imbalances in a timely fashion. Illustrations.
Norwalk
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Risk Governance of Offshore Oil and Gas Operations
This book evaluates and compares risk regulation and safety management for offshore oil and gas operations in the United States, United Kingdom, Norway, and Australia. It provides an interdisciplinary approach with legal, technological, and sociological perspectives on their efforts to assess and prevent major accidents and improve safety performance offshore. Presented in three parts, the volume begins with a review of the technical, legal, behavioral, and sociological factors involved in designing, implementing, and enforcing a regulatory regime for industrial safety. It then evaluates the four regulatory regimes that encompass the cultural, legal, and other contextual factors that influen...
Electricity Generation Projects
The states and the federal government have supported the development of electricity generation projects in a variety of ways. In recent years, supports have been targeted toward renewable energy sources, such as solar and wind, although there have been some supports for projects using traditional sources -- natural gas, coal, and nuclear. This report (1) identifies key state supports for these projects; (2) examines key federal support provided through outlays, loan programs, and tax expenditures for these projects; and (3) examines how state and federal supports affect the development of new renewable projects. Includes recommendations. Tables and figures. this is a print on demand report.
Oil and Gas Management: Key Elements to Consider for Providing Assurance of Effective Independent Oversight
The catastrophic oil spill in the Gulf of Mexico has drawn national attention to the exploration and production of oil and gas from leases on federal lands and waters. Several bureaus of the Dept. of the Interior oversee onshore and offshore oil and gas activities, and collects revenues from oil and gas produced. In response to the recent oil spill, the Sec. of the Interior has proposed reorg. several bureaus. This testimony explains how the auditor¿s recommend. can provide guidance on how to achieve effective oversight of federal oil and gas management by improving: (1) technical expertise in the agency; (2) performance of analyses and reviews; (3) enforcement of laws and reg¿s.; (4) public access to info.; and (5) the degree of independence in the agency. Illus.
Oil and Gas Management: Past Work Offers Insights to Consider in Restructuring Interior's Oversight
The catastrophic oil spill in the Gulf of Mexico has drawn attention to the exploration and production of oil and gas from leases on federal lands and waters. The Dept. of the Interior oversees oil and gas activities on federal lands and waters. Onshore, the Bureau of Land Mgmt. has oversight responsibilities. Offshore, the newly created Bureau of Ocean Energy Mgmt., Regulation, and Enforcement(BOEMRE), has oversight responsibilities. Prior to BOEMRE, the Minerals Mgmt. Service¿s Offshore Energy and Minerals Mgmt. oversaw offshore oil and gas activities. This testimony presents the auditor¿s findings in accordance with Interior¿s organizational structure prior to establishing BOEMRE. Charts and tables.
