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The frenzied drilling that made North Dakota No. 1 in personal-income growth and job creation for five consecutive years hasn’t lasted long enough to support the oil-fueled building explosion.
potential buyer might be forced to accelerate the payment of up to two thirds of the $18.7 billion in penalties the company agreed to pay the U.S. and several states, according to company filings. As it stands, BP has more than 15 years.
A former executive at Brazil’s state-run oil company has testified to receiving what he says were payments made by someone claiming to be a Transocean agent in exchange for a rig- operation contract.
The reduction in management positions, partly achieved by not replacing retiring workers, follows 185 job cuts announced by the company in June. The company said more reductions are ahead.
Governor Oeystein Olsen is easing to unprecedented levels, following colleagues in Stockholm and Frankfurt, as the collapse in oil prices is taking its toll on the $500 billion economy.
Supply gluts and forecasts for the slowest growth since 1990 in China have sent the price of raw materials plunging.
The measures, laid out by the French energy company on Wednesday before an investor day in London, signal that the belt-tightening among global oil producers to protect dividends will extend into 2017 and hurt future growth.
The defective equipment represents “a grave risk of harm with potentially catastrophic consequences,” because a rupture might result in the release of natural gas into the atmosphere and a potentially large fire, the Germany company said in the complaint.
The surge in support for the divestment movement shows growing awareness of the role fossil fuels play in climate change, and growing concern among the general public.
U.S. natural gas exports mark the strength of a recent production boom. The nation has transitioned from constructing gas import terminals prior to 2008, to become the largest producer of petroleum and natural gas in the world last year, thanks to advances in extracting the fuel from shale deposits.