Tag: BOEM

Shell exec: U.S. risks losing drilling dollars to Brazil, Canada and Mexico

The Obama administration’s plan for selling offshore oil and gas leases from 2017 to 2022 could jeopardize the United States’ competitiveness as Brazil, Canada, Mexico and other countries aggressively compete for drilling dollars, a Shell executive told Congress.  More »

Feds launch review of Shell’s Arctic drilling plan

Federal regulators have begun a 30-day review of a broad plan that forms a framework for Shell to resume Arctic drilling this summer. The company also must obtain permits for each proposed well.  More »

Tensions ignite on East Coast as White House weighs Atlantic drilling

The prospect of a new generation of Atlantic drilling is stirring a heated debate up and down the East Coast.  More »

Feds says Shell’s spill containment system works as company seeks Arctic drilling approval

Exercises this week gave Shell a chance to demonstrate the equipment for Coast Guard officials and federal regulators at the Interior Department who will decide whether the company gets critical permits enabling a new round of Chukchi Sea oil exploration this summer.  More »

Shell’s Arctic drilling plans on track as Obama administration OKs lease sale

The Bureau of Ocean Energy Management says there’s more than four times as much oil in the Arctic’s Chukchi Sea as it previously estimated.  More »

Oil industry to Obama: Stop excluding Atlantic drilling leases

Oil industry leaders on Monday pressed the Obama administration to reverse course and schedule two auctions of drilling rights in the Atlantic, not just the single sale now penciled in for 2021.  More »

As Obama administration weighs Arctic drilling, Shell moves rigs to region

Shell is moving its drilling rigs to the Pacific Northwest, ahead of critical government decisions on the company’s Arctic exploration plans.  More »

Feds collect millions in Gulf oil drilling sale, despite falling prices

Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.  More »

Offshore auction tests industry’s appetite amid slumping prices

Just 35 companies are participating in the government auction of Gulf of Mexico drilling rights — down from 50 a year ago and 56 in a similar March 2013 auction — suggesting that lower oil prices may be dampening enthusiasm for the offshore acreage.  More »

Feds: Market forces pushing offshore rig counts down

The government’s top offshore energy overseers on Tuesday defended the Obama administration’s approach to oil and gas drilling along the nation’s coastlines, insisting that market forces — not federal regulations — were discouraging the activity.  More »

Feds weighing Shell bid for more time in Arctic

Interior Secretary Sally Jewell said the Obama administration will decide soon whether to yield to Shell’s request for an extension of its Arctic drilling leases. Statoil and ConocoPhillips have made parallel requests for leases that will begin expiring in 2019.  More »

Feds propose Arctic drilling mandates

The Interior Department’s proposal would for the first time impose specific mandates on offshore drilling in isolated U.S. Arctic waters — updating rules that were built decades ago for the much more temperate Gulf of Mexico.  More »

Feds release new Arctic drilling analysis

The move by the Interior Department’s Bureau of Ocean Energy Management responds to a federal court ruling against the environmental analysis underpinning that seven-year-old sale, and leaves open the possibility that Shell Oil Co. will resume drilling in the Chukchi Sea this summer.  More »

Industry presses feds to keep Atlantic drilling on the table

Oil industry advocates are imploring regulators to keep 14 proposed offshore lease sales on the books.  More »

Shell planning to restart Arctic drilling this year

Shell is planning on spending $1 billion to drill exploratory oil wells in Arctic waters north of Alaska this year — as long as it clears legal and permitting hurdles, said CEO Ben Van Beurden.  More »
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