Petroleum industry (1 - 10 of 31 items)
Oil and Gas Transportation: Department of Transportation Is Taking Actions to Address Rail Safety, but Additional Actions Are Needed to Improve Pipeline Safety
GAO-14-667: Published: Aug 21, 2014. Publicly Released: Sep 22, 2014.
Increased oil and gas production presents challenges for transportation infrastructure because some of this increase is in areas with limited transportation linkages. For example, insufficient pipeline capacity to transport crude oil has resulted in the increased use of rail, truck, and barge to move oil to refineries, according to government and industry studies and publications GAO reviewed. The...
Petroleum Refining: Industry's Outlook Depends on Market Changes and Key Environmental Regulations
GAO-14-249: Published: Mar 14, 2014. Publicly Released: Apr 14, 2014.
Stakeholders GAO contacted and information reviewed by GAO identified the following three major changes that have recently affected the domestic petroleum refining industry:Increased production. U.S. and Canadian crude oil production have increased, leading to lower costs of crude oil for some refiners. After generally declining for decades, monthly U.S. crude oil production increased over 55 per...
Oil and Gas: Interior Has Begun to Address Hiring and Retention Challenges but Needs to Do More
GAO-14-205: Published: Jan 31, 2014. Publicly Released: Feb 19, 2014.
The Department of the Interior (Interior) continues to face challenges hiring and retaining staff with key skills needed to manage and oversee oil and gas operations on federal leases. Interior officials noted two major factors that contribute to challenges in hiring and retaining staff: lower salaries and a slow hiring process compared with similar positions in industry. In response to GAO's surv...
Environmental Protection: EPA Should Develop a Strategic Plan for Its New Compliance Initiative
GAO-13-115: Published: Dec 10, 2012. Publicly Released: Jan 9, 2013.
Since introducing its Next Generation Compliance initiative in fiscal year 2012, EPA has taken four primary steps to increase transparency and accountability in enforcement and compliance. According to EPA documents and officials, these actions will provide greater access to data under EPA-regulated programs and make regulated entities more accountable to the public. In this regard, EPAformed an e...
Oil and Gas Leasing: Federal Oil and Gas Resource Management and Revenue Collection in Need of Comprehensive Reassessment
GAO-09-506T: Published: Mar 17, 2009. Publicly Released: Mar 17, 2009.
In fiscal 2008, the Department of the Interior (Interior) collected over $22 billion in royalties and other fees related to oil and gas. Interior's Bureau of Land Management (BLM) and Minerals Management Service (MMS) manage federal onshore and offshore oil and gas leases, respectively. Acquiring a federal lease gives the lessee the rights to explore for and develop the oil and gas resources under...
Oil and Gas Leasing: Interior Could Do More to Encourage Diligent Development
GAO-09-74: Published: Oct 3, 2008. Publicly Released: Nov 3, 2008.
In 2007, the Department of the Interior (Interior) collected about $10.5 billion in revenues from companies that hold federal oil and gas leases. Interior's Minerals Management Service manages offshore leases, while its Bureau of Land Management manages onshore leases and leases in the National Petroleum Reserve in Alaska. Acquiring a federal lease gives the lessee the rights to explore for and de...
Oil and Gas Royalties: The Federal System for Collecting Oil and Gas Revenues Needs Comprehensive Reassessment
GAO-08-691: Published: Sep 3, 2008. Publicly Released: Sep 12, 2008.
In fiscal year 2007, domestic and foreign companies received over $75 billion from the sale of oil and gas produced from federal lands and waters, according to the Department of the Interior (Interior), and these companies paid the federal government about $9 billion in royalties for this oil and gas production. The government also collects other revenues in rents, taxes, and other fees, and the s...
Oil and Gas Royalties: A Comparison of the Share of Revenue Received from Oil and Gas Production by the Federal Government and Other Resource Owners
GAO-07-676R: Published: May 1, 2007. Publicly Released: May 1, 2007.
Amid rising oil and gas prices and reports of record oil industry profits, a number of governments have taken steps to reevaluate and, in some cases, increase the share of oil and gas revenues they receive for the rights to develop oil and gas on their lands and waters. For example, the State of Alaska has recently passed new oil and gas legislation that will increase the state's share of revenue...
Natural Gas Flaring and Venting: Opportunities to Improve Data and Reduce Emissions
GAO-04-809: Published: Jul 14, 2004. Publicly Released: Aug 13, 2004.
Since 1995, the average price of natural gas in the United States has almost tripled as demand has grown faster than supply. Despite this increase, natural gas is regularly lost as it is burned (flared) and released into the atmosphere (vented) during the production of oil and gas. GAO was asked to (1) describe flaring and venting data and what the federal government could do to improve them; (2)...
Emergency Steel Guarantee Loan Board and Emergency Oil and Gas Guaranteed Loan Board: Emergency Steel Guarantee Loan Program and Emergency Oil and Gas Guaranteed Loan Program
OGC-00-10: Published: Nov 19, 1999. Publicly Released: Nov 19, 1999.
Pursuant to a legislative requirement, GAO reviewed the Emergency Steel Guarantee Loan Board's and the Emergency Gas and Oil Guaranteed Loan Board's new rules on the Emergency Steel Guarantee Loan Program and the Emergency Oil and Gas Guaranteed Loan Program. GAO noted that: (1) the rules would establish the procedures for providing guarantees of up to $1 billion in loans for qualified steel and i...