Panel Is Unlikely To Lift Drilling Ban This Year

A co-chairman of the commission that will study the oil spill said it would probably not lift the moratorium on deepwater drilling until next year.

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  • Shell Suspends Arctic Drilling for 2013
    The company said it would pause its exploration drilling in the Chukchi and Beaufort seas after encountering numerous problems. More
  • BP record $4bn penalty approved
    A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster. In November, BP said it would pay $4bn (£2.5bn) to the US Department of Justice and agreed to plea guilty to 14 criminal charges. More
  • BP to pay $4.5 billion over Gulf oil spill
    BP will pay approximately $4.5 billion and plead guilty to criminal charges as part of a settlement with the U.S. government over the deadly Deepwater Horizon rig explosion and massive oil spill in the Gulf of Mexico in 2010, the London-based oil giant announced Thursday. More
  • Shell gets partial go-ahead off Alaska coast
    Interior Secretary Ken Salazar said Thursday that Royal Dutch Shell would be allowed to start “certain limited preparatory activities” for oil drilling in the environmentally sensitive waters off Alaska’s northwest coast. More
  • Exxon's CEO: Climate, energy fears overblown
    ExxonMobil CEO Rex Tillerson says fears about climate change, drilling, and energy dependence are overblown... Tillerson blamed a public that is "illiterate" in science and math, a "lazy" press, and advocacy groups that "manufacture fear" for energy misconceptions in a speech at the Council on Foreign Relations. More
  • Trading Day: Banks drag ASX lower amid US jitters
    Welcome to the Trading Day blog for Tuesday, January 5. Australian stocks are lower after a tumble on Wall Street, where the Dow lost 1.3 per cent and the SP 500 and Nasdaq both fell 1.5 per cent.
    01/4/2021 - 3:18 pm | View Link
  • Colorado panel OKs sweeping changes to oil, gas regulations
    Approval of the legislation followed years of lawsuits, unsuccessful moves by cities to ban or restrict drilling and a failed ballot proposal to keep new wells at least 2,500 feet (750 meters ...
    11/24/2020 - 6:18 am | View Link
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