Tag: five-year plan

Study: Atlantic drilling could give economy $23.5B boost

If companies were allowed to drill for oil and gas in Atlantic waters off the East Coast, the work would help create nearly 280,000 new jobs and contribute some $23.5 billion to the U.S. economy each year by 2035, according to a study unveiled Thursday by two industry trade groups.  More »

Feds to auction eastern Gulf drilling leases

For the first time in six years, oil and gas companies will have a chance to bid for new drilling leases in the Gulf of Mexico near Alabama and Florida, during a planned lease sale next March.  More »

Voters see link between energy and economy

Nine out of 10 voters believe increased domestic oil and gas production can help the economy, but not all of them want to see it happen offshore, a new survey shows.  More »

Perry to lawmakers: Do more to advance offshore drilling

Congress can do more to advance offshore drilling in the Gulf of Mexico and Atlantic Ocean while boosting the economies of coastal states, eight governors said Friday.  More »

House moves to expand offshore drilling

The House on Friday passed legislation that would expand offshore drilling by forcing the federal government to swiftly sell new oil and gas leases along the coasts of California, South Carolina, Virginia and any other states where governors say they want the work.  More »

Bill would force feds to sell drilling leases off Virginia coast

The Obama administration would be forced to sell offshore drilling leases off the coast of Virginia under a bill introduced in the House on Friday.  More »

Governors send welcome note to Interior nominee: Open Atlantic for drilling

President Barack Obama’s new Interior Secretary nominee hasn’t been confirmed by the Senate yet — much less sworn in — but she’s already facing pressure to expand offshore drilling.  More »

Coastal governors decry limited role in offshore drilling plan

The Obama administration ignored the wishes of coastal leaders when assembling a plan for offshore drilling near their shores, says a group of Republican governors from Texas, Louisiana and other states.  More »

House rejects Obama administration drilling plan

The House of Representatives today rejected an Obama administration plan for selling offshore drilling leases over the next five years and instead voted to replace it with a more aggressive GOP alternative.  More »

Western Gulf leases hit auction block in November

Oil and gas companies will have a chance to bid on drilling rights in the western Gulf of Mexico in a lease sale scheduled for Nov. 28. The auction of offshore drilling leases, which had been planned but not formally scheduled until today, is the first that will be conducted under the Obama administration’s new five-year plan governing offshore lease sales until June 30, 2017.  More »

Record-setting Gulf drilling auction nets $1.7 billion

The Interior Department on Wednesday held a record-setting sale of oil and gas drilling rights in the central Gulf of Mexico, with companies submitting $1.7 billion in winning bids for 454 offshore tracts and Statoil establishing a new high-water mark with its $157 million offering for a single lease.  More »

Gulf drilling auction expected to net high bids

Federal officials will unseal nearly 600 secret bids for offshore oil and gas leases on Wednesday, during the first auction of drilling rights in the central Gulf of Mexico since the Deepwater Horizon disaster. Pent-up demand for the acreage, big discoveries in the region recently and high oil prices earlier this year are all expected to contribute to a robust sale.  More »
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