(Bloomberg) — Democrats’ plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on anyone making less than $400,000 per year, according to the conservative …
RarePetro
Oil & Gas 360 Publishers Note: This is an outstanding piece from Kevin about world oil costs and what the countries need to make in order to keep up with their social programs. We have been covering this topic, …
The oil & gas industry broke state tax records in 2019 while grappling with ways to control emissions that are believed to be responsible for climate change.
In a report issued on Tuesday morning, the Texas Oil & …
From Reuters
The Mexican government will propose an additional tax reduction for heavily indebted state oil company Pemex [PEMEXF.UL] in the nation’s 2020 budget, President Andres Manuel Lopez Obrador said Thursday, the latest measure to strengthen the company.
Lopez Obrador …
By Mathew Carr
The top 10 energy companies are planning investments approaching $1 trillion by 2030, in everything from finding and tapping new fields to equipment ranging from drones to drilling rigs. If the oil and gas …
PetroQuest Energy, Inc. (ticker: PQ) reported a net loss to common stockholders for Q4 2017 of $389,000, or $(0.02 per) share. This compares to Q4 2016 net loss to common stockholders of $9,659,000, or $(0.46) per share.
For 2017, the …
Ryan, LLC, a global tax service and software provider, reported that the Bipartisan Budget Act of 2018 (passed on February 9, 2018) contained a number of tax extenders, including a one-year retroactive extension of the Energy Efficient Commercial Building Deduction.…
Texas is one of the country’s preeminent wealth generators for both agriculture and oil and gas.
In fiscal 2016, the two industries contributed a combined $3.4 billion in tax revenues to the …
The Colorado Supreme Court found in favor of BP (ticker: BP) in a case that could have major tax ramifications for the state. The court unanimously sided with …
Lower commodity prices have taken a major toll on states like Alaska that depend in large part on the revenue from selling oil …
The export duty on oil in Russia will decrease to $88.40 per ton starting December 1, Alexander Sakovich of the Russian Finance Ministry told TASS. The new export …
Via Philadelphia Business Journal
Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and …
Texas Governor Greg Abbott signed House Bill 32, the Franchise Tax Reduction Act of 2015, into law this month. The legislation permanently reduces the Texas Franchise Tax …
With oil prices half of what they were a year ago, energy CFOs on six continents are …
The decline in oil prices in since June of last year has reduced oil and natural gas production tax revenues in some of the largest oil and natural gas production states, …
The Ohio Department of Natural Resources (ODNR) last week released fourth quarter …
President Obama released his proposed federal budget, asking Congress to eliminate billions of dollars in tax breaks to the oil and gas industry in order to fund a …
China’s Ministry of Finance today announced that it will be raising the threshold for windfall taxes on oil and gas output starting January 1. The new threshold will be set at $65 a barrel, up $10 from $55 a barrel, …
Multiple tax reductions target LNG investment
Exxon Mobil (ticker: XOM) announced last week that it will join an alliance of companies that is promoting the development of a liquefied natural gas industry in northern British Columbia, reported CBC News.…
Bombay High Court’s decision could make India more attractive to foreign companies
Royal Dutch Shell (ticker: RDS) has won its court case in India over a $2.5 billion lawsuit. The Indian tax authority tried to collect transfer pricing taxes on …
With their residential electricity prices climbing 43% from 2006 to 2013, European citizens are paying through the nose for electricity, especially when compared to U.S. residential electricity prices, which have climbed just 17% in the same time period.
Average residential …
