offshore drilling News

Biden to Ban More Offshore Oil Drilling Before Trump Arrives

President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. Biden is set within days to …

Offshore Driller Asks Judge to Block Insurers’ Demands for $250M Collateral

W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies’ demands for $250 million in additional collateral for taking apart old oil infrastructure. The offshore drilling industry faces mounting …

Gulf of Mexico Oil Drilling Under Threat From Government Impasse

A fight over Gulf of Mexico oil production is looming in Washington as US regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output. …

California Oil Spill Called ‘Environmental Catastrophe’

HUNTINGTON BEACH, Calif.— A large oil spill off the southern California coast left fish dead, birds mired in petroleum and wetlands contaminated, in what local officials called an environmental catastrophe. The U.S. Coast Guard, heading a clean-up response involving federal, …

U.S. Finalizes Offshore Oil Safety Rules

The Obama administration last Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department’s Bureau of Safety and Environmental …

Shell Files Pre-Emptive Offshore Drilling Lawsuit

Shell Oil Co. is taking the offensive against environmental groups that have put legal roadblocks in the company’s path to offshore drilling in the Arctic Ocean. The Houston-based company on Wednesday sued 11 Alaska Native or environmental organizations that have …

Scientists Urge New Approach to Offshore Drilling Safety

U.S. offshore oil and gas drillers need to take a more systematic approach to safety in all aspects of their operations to prevent another catastrophe like last year’s massive Gulf of Mexico oil spill, a scientific panel said on Wednesday. …