About seven years ago, I had the opportunity to tour Devil's Tower, an offshore drilling platform 140 miles southeast of New Orleans. It was an enriching experience learning how technology and human ingenuity come together to safely harvest resources from the depths of our oceans that are used to power our homes, cars and businesses.
Archives for July 2013
Obama’s Energy Security Trust collecting dust
By Zack Colman - 07/02/13 02:46 PM ET
President Obama’s plan for a $2 billion Energy Security Trust is collecting dust on Capitol Hill.
Why oil and gas drilling is going deeper and further offshore
By Lou Gagliardi, Guest blogger / July 2, 2013
Offshore oil and gas drilling is moving further offshore and deeper underwater as energy companies seek to find sources of production in low-risk areas, Gagliardi writes. The added incentive is that more remote basins may hold the promise of significant deposits of hydrocarbons with 200 million barrels or more of recoverable reserves.
Court rejects SEC rule on oil company payments
Posted on July 2, 2013 at 11:22 am by Jennifer A. Dlouhy in featured, General, Legal issues
A federal judge handed the oil industry a big win on Tuesday, when he tossed out a new financial disclosure rule that would require companies to reveal what they pay foreign governments in exchange for mineral rights.
Oil work to go on in Alaska’s Arctic waters, without drilling
By Yereth Rosen
ANCHORAGE, Alaska, June 28
No one will drill in Arctic waters off Alaska this year, but there is still plenty of offshore work for the oil industry to do when conditions finally allow it next month.
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