Natural resources (101 - 110 of 305 items)
Oil and Gas Management: Past Work Offers Insights to Consider in Restructuring Interior's Oversight
GAO-10-888T: Published: Jul 22, 2010. Publicly Released: Jul 22, 2010.
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 Department of the Interior oversees oil and gas activities on federal lands and waters. Onshore, the Bureau of Land Management (BLM) has oversight responsibilities. Offshore, the newly created Bureau of Ocean Energy Management, Regulatio...
Department of Energy: Further Actions Are Needed to Improve DOE's Ability to Evaluate and Implement the Loan Guarantee Program
GAO-10-627: Published: Jul 12, 2010. Publicly Released: Jul 12, 2010.
Since the Department of Energy's (DOE) loan guarantee program (LGP) for innovative energy projects was established in Title XVII of the Energy Policy Act of 2005, its scope has expanded both in the types of projects it can support and in the amount of loan guarantee authority available. DOE currently has loan guarantee authority estimated at about $77 billion and is seeking additional authority. A...
Oil and Gas Management: Key Elements to Consider for Providing Assurance of Effective Independent Oversight
GAO-10-852T: Published: Jun 17, 2010. Publicly Released: Jun 17, 2010.
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. The Department of the Interior's Bureau of Land Management (BLM) oversees onshore oil and gas activities, the Minerals Management Service's (MMS) Offshore Energy and Minerals Management oversees offshore oil and gas activities, and...
Nuclear Safety: Convention on Nuclear Safety Survey (GAO-10-550SP, April 2010), an E-supplement to GAO-10-489
GAO-10-550SP: Published: Apr 29, 2010. Publicly Released: Jun 1, 2010.
This document is an E-supplement to GAO-10-489. It presents the results of GAOs survey of the contracting parties to the Convention on Nuclear Safety. This survey was a key component of GAO's effort to gather information about the perceived effectiveness of the Convention in improving nuclear safety worldwide. The objectives of this survey were to determine which aspects of the Convention are work...
Firms Reported in Open Sources as Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors
GAO-10-515R: Published: Mar 23, 2010. Publicly Released: Apr 22, 2010.
Iran's oil and gas industry is vital to its economy and government. Oil export revenues have accounted for more than 24 percent of Iran's gross domestic product and between 50 and 76 percent of the Iranian government's revenues in recent years. Iran has the world's third largest oil reserves and second largest gas reserves, according to the Congressional Research Service (CRS), and is the world's...
Oil and Gas Management: Interior's Oil and Gas Production Verification Efforts Do Not Provide Reasonable Assurance of Accurate Measurement of Production Volumes
GAO-10-313: Published: Mar 15, 2010. Publicly Released: Apr 14, 2010.
Oil and natural gas produced from federal leases generated over $6.5 billion in royalties in 2009. To verify that royalties are paid on the correct volumes of oil and gas, the Department of the Interior (Interior) verifies the quantity and quality of oil and gas, both onshore, through the Bureau of Land Management, and offshore, through the Offshore Energy and Minerals Management Service. This rep...
Offshore Oil and Gas Development: Additional Guidance Would Help Strengthen the Minerals Management Service's Assessment of Environmental Impacts in the North Aleutian Basin
GAO-10-276: Published: Mar 8, 2010. Publicly Released: Apr 7, 2010.
Interest has re-emerged in developing oil and gas in the nation's offshore areas, such as the North Aleutian Basin. Located on the outer continental shelf (OCS) where the Aleutian Islands meet the Alaskan mainland around Bristol Bay, the basin may contain sizable oil and gas deposits, although the area's environmental and cultural sensitivity has made oil and gas development in the area controvers...
Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells
GAO-10-245: Published: Jan 27, 2010. Publicly Released: Feb 26, 2010.
The Federal Land Policy and Management Act of 1976 directs the Department of the Interior (Interior) to manage lands for multiple uses while also taking any action to prevent "unnecessary or undue degradation" of the land. To do this, Interior's Bureau of Land Management (BLM), among other things, requires oil and gas operators to reclaim the land they disturb and post a bond to help ensure they d...
Nuclear Waste: Uncertainties and Questions about Costs and Risks Persist with DOE's Tank Waste Cleanup Strategy at Hanford
GAO-09-913: Published: Sep 30, 2009. Publicly Released: Sep 30, 2009.
At its Hanford Site in Washington State, the Department of Energy (DOE) is responsible for one of the world's biggest cleanup projects: the treatment and disposal of about 56 million gallons of radioactive and hazardous waste, stored in 177 underground tanks. Two decades and several halted efforts later, none of this waste has yet been treated, cleanup costs have grown steadily, and prospective cl...
Royalty-In-Kind Program: MMS Does Not Provide Reasonable Assurance It Receives Its Share of Gas, Resulting in Millions in Forgone Revenue
GAO-09-744: Published: Aug 14, 2009. Publicly Released: Sep 14, 2009.
Companies that develop and produce oil and gas from federal lands and waters are required to report their production volumes and other data to the Department of the Interior's (Interior) Minerals Management Service (MMS) and to pay royalties either in value (cash) or in kind (oil or gas). In fiscal year 2008, MMS estimated that it had collected more than $2.4 billion in royalty-in-kind (RIK) gas....