US Churning Out Deepwater Permits Like It’s 2009

(Dow Jones) US offshore regulators are issuing deepwater drilling permits under new regulations like it was 2009--before the disastrous oil spill in the US Gulf of Mexico, fostering optimism among oil companies, say analysts with Simmons & Co. Annualized rate for new well permits seen in the third quarter of 2011 is on par with the rate seen in 2009, and exceeds that of … [Read more...]

US Coastal-State Governors Form Offshore Drilling Coalition

HOUSTON -(Dow Jones)- A group of coastal-state governors has formed a coalition to press the federal government to speed its permitting of offshore oil drilling, Mississippi Gov. Haley Barbour said Monday. Barbour said he had joined the governors of Texas, Alaska and Louisiana to form the Outer Continental Shelf Governors Coalition. The group will push the U.S. Department of … [Read more...]

US Interior Secretary Salazar: ‘Not Done’ Responding To Deepwater Horizon

WASHINGTON (Dow Jones)--After a year in which the Obama administration revamped rules for oil and gas drilling in U.S. waters, the administration is considering further regulations affecting the industry, U.S. Interior Department officials said Tuesday. "We are not done," U.S. Interior Secretary Ken Salazar told reporters, nearly a year after the Deepwater Horizon explosion, … [Read more...]