Drilling Ban
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Drilling ban boosts gas prices
US President Barack Obama’s May 30 ban against drilling in US waters deeper than 500 ft because of the Macondo blowout in the Gulf of Mexico helped drive up natural gas prices in the first days of June, industry analysts reported.
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Drilling ban may temporarily cost 8,000-12,000 jobs, panel told
The Obama administration’s deepwater drilling moratorium could cut net oil and gas spending on the Gulf Coast by $1.8 billion and temporarily cost 8,000-12,000 jobs, an administration official told the US Senate Small Business and Entrepreneurship Committee.
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Obama: Drilling ban will hurt Louisiana economy
US President Barack Obama acknowledged during a June 4 meeting in New Orleans that a 6-month deepwater drilling moratorium would have adverse economic impacts on Louisiana.
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EIA estimates drilling ban's impact on gulf output
Production of oil from the US Gulf of Mexico will drop by an average 26,000 b/d during the fourth quarter and roughly 70,000 b/d during 2011 as a result of the Obama administration's 6-month moratorium on deepwater drilling, the US Energy Information Administration forecasts.
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EIA estimates drilling ban's impact on gulf production
Production of oil from the US Gulf of Mexico will drop by an average 26,000 b/d during the fourth quarter and roughly 70,000 b/d during 2011 as a result of the Obama administration’s 6-month moratorium on deepwater drilling, the US Energy Information Administration forecasts.
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European countries reject offshore drilling ban proposal
A group of 15 environment ministers representing European countries with an interest in the northeast Atlantic Ocean opposed a proposal for a moratorium on deepwater oil drilling in the area.
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US judge blocks offshore drilling ban ; DOI to appeal
A federal judge in New Orleans on June 22 blocked the US government's 6-month moratorium on new deepwater drilling in the Gulf of Mexico, and a White House spokesman said the Obama administration plans to appeal.
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Salazar orders second deepwater drilling ban , with changes
US Interior Sec. Ken Salazar ordered a second deepwater oil and gas drilling moratorium based on drilling configurations and technologies instead of water depths.
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Salazar orders second deepwater drilling ban , with changes
US Interior Sec. Ken Salazar ordered a second deepwater oil and gas drilling moratorium based on drilling configurations and technologies instead of water depths.
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EIA hikes production loss estimate from deepwater drilling ban
The Obama administration’s 6-month deepwater drilling moratorium will reduce US crude oil production by an estimated 31,000 b/d during this year’s fourth quarter, the US Energy Information Administration predicted in its latest short-term energy outlook.
