U.S. House Backs Bill To Expand Offshore Oil and Gas Drilling

By Lynn Garner June 28 (Bloomberg) -- Oil and gas exploration off U.S. coasts would be expanded under legislation the U.S. House of Representatives passed over the threat of a presidential veto. The vote on the bill, H.R. 2231, was 235-186. The measure would require the Obama administration to conduct additional sales of oil and gas leases off the coasts of Virginia, … [Read more...]

US House of Representatives Votes to Open California and Virginia to Offshore Drilling

(Bloomberg) -- The Republican-led U.S. House of Representatives passed legislation opening the California and Virginia coasts for offshore oil drilling, defying a presidential veto threat. The measure, if approved by the Senate, would replace President Barack Obama's 2012-2017 leasing plan, almost doubling total sales to 29 from 15 and speeding auctions off the north coast … [Read more...]

US: Offshore Drillers Focus on Wrong Safety Data [REPORT]

HOUSTON--A federal safety agency has determined that the offshore-drilling industry is relying on the wrong data in its quest to prevent major accidents like the 2010 Deepwater Horizon blowout. Offshore oil and gas drillers put too much emphasis on items such as individual worker injuries while neglecting better indicators of danger, such as the number of near-misses a … [Read more...]

How Much Oil and Gas is Off the East Coast? U.S. paves way for Atlantic seismic surveys

WASHINGTON (Dow Jones)--The Obama administration is paving the way for seismic surveys of the Atlantic Ocean that will reveal the amount of oil and natural gas that exist off the East Coast, a top Interior Department official said Tuesday. Speaking at the Platts Energy Podium, Bureau of Ocean Energy Management Director Tommy Beaudreau said the department is conducting an … [Read more...]

Drilling Near our Borders: Is the U.S. falling behind?

Obama's Oil Abdication; Cuba, Mexico, the Bahamas, Canada and Russia are all moving ahead on projects adjacent to our borders. By Lisa Murkowski, The Wall Street Journal Last week the Obama administration proposed a modest expansion of offshore oil drilling in the Arctic Ocean and the Gulf of Mexico in its first concessions on offshore production since last year's … [Read more...]