Posts filtered on Tag
Senators from Texas, Alaska and other coastal states have launched a fresh campaign to siphon off more of the revenue that flows to the federal government from offshore drilling.
For coastal states to support offshore drilling near their shores, they have to glean some of the dollars tied to that activity, North Carolina’s governor told OTC.
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.
The prospect of a new generation of Atlantic drilling is stirring a heated debate up and down the East Coast.
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.
Sixty-five lawmakers told the Obama administration to reconsider a plan to sell oil and gas drilling leases along the East Coast.
The Obama administration’s proposal for 10 auctions of drilling rights in the Gulf of Mexico, three targeting Arctic waters and one of Atlantic acreage is alienating both environmentalists and the oil industry.
The Obama administration is poised to unveil a draft plan for selling offshore oil and gas leases that is expected to rule out auctioning drilling rights in parts of the Atlantic Ocean as well as in some Arctic waters and along the West Coast between 2017 and 2022.
Republicans lashed out at what they called a “triple whammy” of Obama administration actions that could limit oil development in and around Alaska, including new protections in the Arctic National Wildlife Refuge and a coming plan for selling offshore drilling rights.
North Carolina, South Carolina and Virginia could rake in billions if the Interior Department opens up auctions on leases along the Atlantic Coast, according to the study.