Trade groups including the Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) submitted comments this week to the Bureau of Ocean Energy Management (BOEM) urging the Biden administration to remove continued barriers to offshore energy production. Arguing that offshore leasing in the Gulf of Mexico (GOM) is critically important to American
Read More...Ceding to activists’ demands to limit oil and natural gas development in the Gulf of Mexico under the guise of protecting the Rice’s whale, the Biden administration has announced “a lease sale in name only” that removes millions of acreage from the parcel and adds burdensome restrictions on operators. In response to the “arbitrary and
Read More...Following a hearing last week that showcased the economic necessity of the Department of Interior’s five-year offshore leasing plan, yesterday the Independent Petroleum Association of America, the American Petroleum Institute, and fifteen other energy trade associations sent a letter urging President Biden to support U.S. energy security by finalizing a new five-year program. Since the
Read More...Activists aiming to shutter American energy production are returning to an old campaign: trying to block oil and natural gas exports. A group calling itself Defend the Gulf is reigniting the debate over energy exports with a list of demands to the Biden administration, including a permitting and construction moratorium on energy export infrastructure and
Read More...Under the executive order signed by President Joe Biden in January, a planned lease sale of approximately 78.2 million acres in the Gulf of Mexico has been postponed – a move that will have significant negative impacts on the economies and employment of states in the Gulf Coast region and puts environmental efforts across the
Read More...Connie MellinNatural Gas NOW“PAShaleAdvocate” A new report by the Cleveland State University shows natural gas production is surging in the Appalachian Shale region, with no end in sight. Offshore oil and natural gas drilling has taken place in federal waters of the Gulf of Mexico for over 75 years. But drilling for oil in
Read More...Murphy Oil Corp. announced its Murphy Exploration & Production Company – USA unit is acquiring deepwater Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for $1.38 billion in cash, Kallanish Energy reports. Additional contingent consideration payments are based on the following: up to $200 million in the event revenue from certain
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