The fine covers violations that Duke Energy admitted when it pleaded guilty to federal pollution crimes nine months ago and agreed to pay $102 million in fines and restitution, the state Department of Environmental Quality said.
Anchorage Municipal Light and Power and Chugach Electric Association are looking to buy ConocoPhillips’ stake in the Beluga River Unit about 35 miles west of Anchorage.
Under the terms of the deal announced Monday, Chevron will hold onto a 45-percent interest in the offshore leases, while Morocco will retain a 25 percent stake.
The agreement represents a new business model for the industry, providing a steady income stream for GE, and decreased risk for the driller, the companies said in a joint statement Monday.
The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period.
Mexico’s state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight
According to the U.S. Geological Survey, Oklahoma this year has already had more than 90 earthquakes of magnitude 3.0 or greater, which is generally when most people start to feel them.
The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
With a possible end in sight to a massive 15-week gas leak, anxious residents displaced from a Los Angeles neighborhood are skeptical a fix is near and worry they may be forced to return too soon to unhealthy homes.
Oil’s collapse has affected BG less than some of its peers because it’s one of the few producers increasing output as projects start in Australia and Brazil.