Republican Bills Require New US Offshore Leases, Faster Permitting

WASHINGTON (Dow Jones)--The Obama administration would be required to hold new offshore lease sales and to issue drilling permits within a set time frame under bills soon to be introduced by Republicans in the U.S. House. The bills were announced Tuesday by Rep. Doc Hastings (R., Wash.), chairman of the House Natural Resources Committee, which oversees U.S. offshore … [Read more...]

OMSA President slams Interior Department, Salazar over drilling permits

Jim Adams, president and CEO of the Offshore Marine Service Association (OMSA), said that BOEMER's late day announcement that it has issued an additional permit for deepwater drilling is misleading. "There were 32 deepwater drilling operations already permitted when the President imposed his moratorium last year. Interior Secretary Salazar is merely allowing existing permit … [Read more...]

BOEMRE issues third drilling permit since Horizon disaster

NEW ORLEANS – The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a third additional deepwater drilling permit that complies with all of the new safety standards, including demonstrated containment capacity, implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. The approved permit is a revised permit to … [Read more...]

BP is largest stakeholder in Gulf’s first issued deep-water drilling permit since Horizon disaster

While Noble Energy (NBL) made headlines as the first operator to receive a deep-water drilling permit in the US Gulf since the Deepwater Horizon disaster, the Houston explorer isn't the only concern with a stake in the well. BP is the project's largest stakeholder, with a 46.5% interest, versus Noble's 23.25% share. Owning 20.25% of the well is Red Willow Production, the … [Read more...]