Keyword: offshoredrilling

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  • Trump administration to offer 76M acres for offshore drilling, largest lease sale in U.S. history

    10/24/2017 8:28:23 AM PDT · by jazusamo · 19 replies
    The Washington Times ^ | October 24, 2017 | Ben Wolfgang
    The Trump administration is putting more than 76 million acres of federal water up for lease in the largest offshore drilling initiative in American history. Interior Secretary Ryan Zinke announced the massive lease sale, slated for March 2018, on Tuesday morning, and said the move is a key component of the administration’s effort to tap U.S. energy reserves and reap the economic benefits that come along with them.
  • Trump plan would expand oil drilling in Arctic and Atlantic

    06/29/2017 9:54:10 PM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Jun 29, 2017 6:07 PM EDT | Matthew Daly and Josh Boak
    The Trump administration said Thursday it is taking steps to expand oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for U.S. “energy dominance” in the global market. The Interior Department is rewriting a five-year drilling plan established by the Obama administration, with an eye toward opening areas in the Arctic and Atlantic oceans that now are off-limits to drilling. It’s one of six initiatives that the president unveiled Thursday in hopes of generating more energy exports and jobs. “The golden era of American energy is now underway,” Trump said in a Thursday speech...
  • Trump signs order aimed at opening Arctic drilling

    04/28/2017 10:44:13 AM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Apr 28, 2017 12:37 PM EDT | Matthew Daly and Jill Colvin
    Working to dismantle his predecessor’s environmental legacy, President Donald Trump signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other federal areas to oil and gas exploration. With one day left to rack up accomplishments before he reaches his 100th day in office, Trump signed an order reversing some of former President Barack Obama’s restrictions and instructing Interior Secretary Ryan Zinke to review a plan that dictates which federal locations are open to offshore drilling. It’s part of Trump’s promise to unleash the nation’s energy reserves in an effort to reduce reliance on foreign...
  • Trump Readying Order to Study Oil and Gas Drilling Off California Coast

    04/27/2017 11:08:41 AM PDT · by Oatka · 25 replies
    Bloomberg ^ | April 26, 2017 | Jennifer A. Dlouhy
    Bloomberg - link only http://gcaptain.com/trump-said-order-oil-drilling-study-off-california-coast/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29
  • Trump Should Quickly Rescind Obama’s Drilling Ban

    12/22/2016 2:49:12 PM PST · by jazusamo · 29 replies
    PJ Media ^ | December 22, 2016 | Andrew C. McCarthy
    In his enviro-extremism, President Obama is attempting to tie President-elect Trump’s hands by blocking vast swaths of the Arctic Ocean and stretches of the Atlantic from oil and natural-gas drilling. The gambit, announced by the administration on Tuesday, is part of an eleventh-hour wave by which Obama is flooding the regulatory zone: Promulgating so many rules – of the unpopular, hard-left variety that Democrats dare not unveil before Election Days – that he hopes the Trump administration will find it too cumbersome to undo all of them. The incoming president should not let his predecessor get away with it. Obama’s...
  • Billionaire Tom Steyer calls on Obama to block offshore drilling

    11/14/2016 9:44:23 PM PST · by afraidfortherepublic · 34 replies
    Politico via Hot Air ^ | 11-14-16 | By Esther Whieldon, Politico via Hot Air John Sexton
    Billionaire environmentalist Tom Steyer is calling on President Obama to permanently ban offshore drilling in the Atlantic and Arctic using his executive authority. From Politico: NextGen and White House officials have discussed the possibility of Obama using his executive powers under a section of the law governing offshore drilling that allows him to “withdraw from disposition” any section of the Outer Continental Shelf that has not already been leased for oil or gas drilling… Steyer’s group says more permanent protections are available using section 12(a) of the OCS Lands Act. Similar to the Antiquities Act, which presidents can use to...
  • Fact over Fiction on Atlantic Offshore Energy

    04/10/2016 7:56:23 AM PDT · by Kaslin
    Townhall.com ^ | April 10, 2016 | David Holt
    resident Obama said last year that he would rather the U.S. “with all the safeguards and standards that we have, be producing our oil and gas, rather than importing it, which is bad for our people” and “potentially purchased from places that have much lower environmental standards than we do.” Except, it now seems, in resource-rich federal waters in the Atlantic Ocean. The administration backpedaled on its promise to implement an all-of-the-above energy approach by deciding not to consider potential future oil and gas leasing at least 50 miles off the southeastern U.S. coast through 2022, despite the lease sale...
  • AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004

    04/17/2015 5:19:20 AM PDT · by thackney · 11 replies
    Fuel Fix ^ | April 16, 2015 | Associated Press
    Full title: AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004 Down to just one full-time employee, Taylor Energy Company exists for only one reason: to fight an oil leak in the Gulf of Mexico that has gone largely unnoticed, despite creating miles-long slicks for more than a decade. The New Orleans-based company has downplayed the leak’s environmental impact, likening it to scores of minor spills and natural seeps that the Gulf routinely absorbs. But an Associated Press investigation has revealed evidence that the spill is far worse than what Taylor — or...
  • Seadrill And Transocean: Complete Fleet Analysis Comparison And Commentary

    06/09/2014 11:01:43 AM PDT · by shove_it · 6 replies
    SeekingAlpha ^ | 9 Jun 2014 | Fun Trading
    Summary Transocean Limited and Seadrill Limited are two top-tier offshore drillers that together control a total of nearly 15% of the rigs contracted worldwide. A comparative detailed analysis of their fleet is showing their major differences and their obvious strengths and weaknesses. The day rate bifurcation between the new generation and the older rig types is showing clearly which strategy will offer them a strong future growth. Introduction. Seadrill Limited (SDRL) and Transocean Limited (RIG) are two top-tier offshore drilling companies that are very popular among investors. There are a few others, and we should mention also Noble (NE), Ensco...
  • Petrobras gets permit for U.S. deep waters

    03/23/2011 9:59:17 AM PDT · by Lucky9teen · 56 replies
    WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said. The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico. The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico. The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of...
  • Vitter wants answers on Brazil drilling loan; Paul wanted answers too

    03/22/2011 2:19:36 PM PDT · by Crush · 31 replies
    The US Report ^ | 22 March 2011 | Kay Day
    Sen. David Vitter (R-La.) wants answers from the US taxpayer supported Export-Import bank about a $2 billion loan to Brazil for offshore drilling. Vitter’s home state is suffering under a moratorium imposed by President Barack Obama. Vitter said Louisianians “are frustrated” and he wants to know “why permitting domestically is nearly stalled…” Rep. Ron Paul (R-Texas) had questions about ExIM—nine years ago when he asked Congress to reject the reauthorization of ExIm for “economic, constitutional and moral reasons.” Vitter sent a letter to Fred Hochberg, Ex-Im president, on March 17. Vitter asked Hochberg to identify all US companies that have...
  • Virgina: Energy Capital of East Coast?

    01/08/2013 11:22:05 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | January 8, 2013 | Marita Noon
    With a flood of new federal regulations hitting everything from healthcare, energy, food safety, and bird protection, it is encouraging to know that some states can still think for themselves. In Virginia, Governor Bob McDonnell declared that he was going to make Virginia the Energy Capital of the East Coast—after all Virginia is blessed with abundant resources such as coal, offshore oil and one of the largest uranium deposits in the world. His plans have been thwarted by the federal government. The EPA is regulating coal mining out of existence. Federal restrictions have prevented Virginia from being able to access...
  • Exxon Mobil proceeds with $14 billion Canada oil field

    01/05/2013 6:16:59 AM PST · by shove_it · 9 replies
    Yahoo via Reuters ^ | 4 Jan 2013 | Jeffrey Jones
    CALGARY, Alberta (Reuters) - Exxon Mobil Corp said on Friday it is moving ahead with the next major oil project in the North Atlantic, the $14 billion Hebron development off the Newfoundland coast, boosting its already-large investments in Canada's most oil-rich regions. Exxon Mobil, the biggest U.S. oil major, said it will produce 150,000 barrels of oil a day at Hebron using a massive concrete gravity-base structure like the one employed at the nearby Hibernia project, which has been operating in the iceberg-prone region since the late 1990s. First production of the project's heavy crude is scheduled for 2017.
  • Kerry Has Investments in Companies Accused of Violating Iran Sanctions

    12/21/2012 10:50:39 AM PST · by Sub-Driver · 22 replies
    Kerry Has Investments in Companies Accused of Violating Iran Sanctions Daniel Halper December 21, 2012 12:59 PM John Kerry, who will be nominated later today to be the next secretary of state, is the richest member of the U.S. Senate. His estimated net worth is, at minimum, $198.65 million, according to disclosure forms. Kerry's disclosure forms also reveal that he has invested in companies accused of doing business with Iran. One of the companies Kerry is invested in is called Petroleo Brasileiro SA Petrobras (Petrobras), it's a Brazilian-based oil and gas corporation. Disclosure forms reveal that Kerry has between $150,000...
  • How the White House Delivered a Crushing Economic Blow to the Gulf

    08/20/2012 4:23:48 PM PDT · by bayouranger · 31 replies
    pjmedia ^ | 20AUG12 | by Sen. David Vitter
    PJM EXCLUSIVE: Louisiana's GOP senator on how the cover-up to trump sound science in favor of political ideology keeps growing with each chapter. Here’s the book-jacket teaser: A major U.S. environmental disaster strikes. As Coast Guard and other heroes struggle to contain the unprecedented damage, a different scene unfolds in a dimly lit conference room in Washington. A small group of high-ranking political hacks and overzealous ideologues see an opportunity to manipulate the situation to advance their agenda. They doctor a key report on the disaster by experts in order to justify shutting down all exploration and new production. They...
  • Energy Department sneaks offshore moratorium past public

    07/10/2012 11:40:19 AM PDT · by listenhillary · 39 replies
    Washington Times ^ | July 9, 2012 | Thomas J. Pyle
    While the Obama administration was taking a victory lap last week after the 5-4 Supreme Court decision to uphold the president’s signature legislative accomplishment, Obamacare, the Interior Department was using the media black hole to release a much-awaited five-year plan for offshore drilling. That plan reinstitutes a 30-year moratorium on offshore energy exploration that will keep our most promising resources locked away until long after President Obama begins plans for his presidential library. (snip) In the past three years, the government has collected more than 250 times less revenue from offshore lease sales than it did during the last year...
  • Nice Try: Obama Released Restrictive New Energy Plan Under Cover of SCOTUS, Holder Contempt

    07/02/2012 5:17:45 PM PDT · by Kaslin · 17 replies
    Townhall.com ^ | July 2, 2012 | Kate Hicks
    File this one under While You Were Out: the Obama Administration unveiled its new five-year energy plan on Thursday, when the rest of us were conveniently preoccupied with SCOTUS and the Holder contempt vote. Real smooth. Of course, it's pretty clear why they wanted this to fly under the radar: as Hot Air's Erika Johnsen noted on Saturday, the plan is just not good. She points out that it opens up a miniscule percentage of our offshore resources, but not nearly enough to make a dent in our energy use, and what's more, by constraining the number of jobs that...
  • IG investigator says White House hindered probe of oil spill report

    05/08/2012 10:45:18 AM PDT · by ColdOne · 10 replies
    Politico44 ^ | 5/8/12 | DONOVAN SLACK
    An investigator for the Interior Department’s Inspector General claims the White House hindered an investigation into a report on the BP oil spill by blocking access to a key official and email records, the New Orleans Times-Picayune is reporting. The investigator was trying to determine whether the White House intentionally edited the report to create the false impression that outside experts supported the administration's call for a moratorium on offshore drilling. The White House had said the editing was a mistake, and the Inspector General’s final report concluded it was. But the investigator, in a series of emails obtained by...
  • Obama Kills Atlantic Offshore Drilling For Five Years

    03/30/2012 1:27:16 PM PDT · by trappedincanuckistan · 87 replies
    Big Government ^ | March 30, 2012 | John Sexton
    Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years: The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.
  • Obama Kills Atlantic Offshore Drilling For Five Years

    03/30/2012 10:12:48 AM PDT · by Nachum · 17 replies
    Breitbart ^ | 3/30/12 | John Sexton
    Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years: The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur. Virginia Gov. Bob McDonnell notes that a planned lease sale, which the administration cancelled last year, will now be put off until at least 2018. As you might expect, Republicans were not impressed with the decision: "The president's actions have closed an entire new...