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. More »
More details came to light Tuesday on Shell’s plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the company’s broad Arctic drilling blueprint.
Guest commentary: There is still time for the industry to take back control of the online narrative before activists chip away at the 68 percent of Americans who currently support offshore oil and gas drilling.
The Obama administration is closer than ever to imposing the first minimum standards for oil and gas activity in U.S. Arctic waters, as Shell pursues permits that could allow it to resume drilling in the region next year. More »
With oil companies boring wells and building offshore facilities in ever-deeper waters, federal regulators on Friday moved to update decades-old requirements to ensure they have enough money to dismantle the equipment once crude stops flowing. More »
Oil development in Atlantic waters from Africa to Canada should encourage the Obama administration to sell drilling leases in waters hugging the East Coast, a leading industry trade group said Wednesday. More »
The failure of a bolt used to affix emergency equipment to a subsea well in the Gulf of Mexico should spur the oil industry to write new standards for fasteners and the oversight of contractors working offshore, investigators say. More »
The Interior Department is developing an updated plan for its Outer Shelf Oil and Gas Leasing Program, and the governors formally stated their opposition to the inclusion of any oil or gas lease sales off the coast as part of any new plan. More »
Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area. More »
Oil companies, environmentalists and other stakeholders will have more time to weigh in on what coastal waters should be available for drilling beginning in 2017. More »
Nearly 7 out of 10 Americans support domestic offshore drilling but few believe the federal government is doing enough to encourage such production, an industry-backed survey finds. More »
The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life. More »