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Keyword: drillbabydrill

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  • Trump Opens Doors on Oil Exploration, but Deeper Reforms Still Needed

    05/03/2017 8:56:11 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Daily Signal ^ | April 28, 2017 | Nicolas Loris
    In another move to free up domestic energy supplies, President Donald Trump signed an executive order Friday aimed at lifting the Obama administration’s offshore drilling restrictions.For decades, bad policies have blocked access to America’s abundance of domestic resources, yet America has still managed to be a global energy leader. Trump’s executive order, “Implementing an America-First Offshore Energy Strategy,” could unleash further success in the energy sector.The economic potential sitting just off America’s coasts is enormous. The Outer Continental Shelf is awash with natural resources, containing an estimated 86 billion barrels of oil and 420 trillion cubic feet of natural gas.Realizing...
  • Sarah Palin Trump Makes America Great Again by Lifting Obamas Anti-American Offshore Drilling Ban

    04/29/2017 7:27:07 AM PDT · by KC_Lion · 5 replies
    Breitbart ^ | April 28th, 2017 | Sean Moran
    Former Alaska governor and Republican vice presidential candidate Sarah Palin told Breitbart News that she welcomes President Trumps executive order aimed at lifting the ban on offshore drilling for oil and gas in the Arctic and Atlantic areas. Governor Palin said, Quashing Obamas anti-American energy plan makes America great again. Weve been working for years to remind people that our exceptional nation came to be by developing our God-given natural resources and by expecting reward for an unsurpassed work ethic. We capture that again when we drill, baby, drill! Trumps executive order directs the U.S. Department of the Interior to...
  • Newest Trump order targets Obamas marine sanctuaries for possible oil drilling

    04/28/2017 4:14:36 PM PDT · by Innovative · 4 replies
    Miami Herald ^ | Apr. 28, 2017 | Stuart Leavenworth
    The executive order President Donald Trump signed Friday could ease offshore oil drilling in the Arctic and Atlantic oceans and possibly lead to oil exploration in new marine sanctuaries, including some off the California and Florida coasts. We are opening it up, said Trump, referring to the administrations plan to allow oil exploration in the Arctic Ocean, which President Barack Obama had declared off limits. Trumps order, known as the America-First Offshore Energy Strategy, directs the Interior Department to review the current five-year oil exploration plan on the Outer Continental Shelf as well as the permitting process for development of...
  • Trump order could open California coast, Arctic to new oil and gas drilling

    04/27/2017 8:43:05 PM PDT · by Innovative · 37 replies
    LATimes ^ | Apr. 27, 2017 | William Yardley and Chris Megerian
    President Trump on Friday is expected to sign an executive order that could open large parts of the Pacific, Arctic and Atlantic oceans to new oil and gas drilling, a prospect that elicited a fierce backlash in California and elsewhere even before details of the order were clear. The move, which is certain to face legal and political challenges, could undo a plan finalized late in President Obamas second term that sought to limit fossil fuel development and fight climate change by not including new drilling leases off the coast of California or Alaska during the current five-year federal offshore...
  • Trump to sign executive order that could expand offshore energy development

    04/27/2017 6:57:51 PM PDT · by 2ndDivisionVet · 8 replies
    CNBC ^ | April 27, 2017 | Tom DiChristopher
    President Donald Trump will instruct the Interior Department to revise the Obama administration's five-year plan for developing federal waters. His executive order will tell the Commerce Department to refrain from naming or expanding marine sanctuaries and review existing ones. Trump will seek to overturn President Barack Obama's effort to indefinitely put much of U.S. Arctic waters and part of the Atlantic off limits to drillers. President Donald Trump on Friday will instruct his cabinet officials to take actions that will potentially open new areas of federally administered waters to energy development. The actions, to be spelled out in a new...
  • Trump Readying Order to Study Oil and Gas Drilling Off California Coast

    04/27/2017 11:08:41 AM PDT · by Oatka · 25 replies
    Bloomberg ^ | April 26, 2017 | Jennifer A. Dlouhy
    Bloomberg - link only http://gcaptain.com/trump-said-order-oil-drilling-study-off-california-coast/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29
  • Golden Pass Authorized to Export LNG (48,800 direct and indirect jobs)

    04/26/2017 3:13:47 PM PDT · by 2ndDivisionVet · 4 replies
    Maritime Executive ^ | April 25, 2017
    The U.S. Department of Energy has signed an order authorizing Golden Pass Products to export domestically produced LNG to countries that do not have a free trade agreement with the U.S. Golden Pass is jointly owned by Qatar Petroleum (70 percent) and ExxonMobil (30 percent). The authorization allows for the export of up to the equivalent of 2.21 billion cubic feet of LNG per day (Bcf/d) from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas. Golden Pass estimates the construction of its facility will provide 45,000 direct and indirect jobs over five years, and the project will...
  • Top Trump adviser calls for reviving controversial natural gas project on Oregons coast

    04/21/2017 10:21:20 AM PDT · by 2ndDivisionVet · 18 replies
    The Columbian ^ | April 21, 2017 | Chris Mooney and Damian Paletta, The Washington Post
    A top adviser to President Donald Trump on Thursday appeared to throw the administrations support behind a proposed controversial liquefied national gas terminal in Oregon that had been rejected by regulators during the Obama administration. The first thing were going to do is were going to permit an LNG export facility in the Northwest, said Gary Cohn, chair of the White House National Economic Council. Just think of the transport time from the Northwest to Japan versus anywhere else. Then weve got to put facilities on the East Coast to get from the East Coast to Germany. The one place...
  • Reeling From Low Oil Prices, Saudis Look To Freeze Megaprojects

    04/19/2017 9:22:40 AM PDT · by Lorianne · 21 replies
    Oil Price ^ | 17 April 2017 | Irina Slav
    Saudi Arabia will start reviewing a number of multi-billion-dollar infrastructure and development projectremnants from a better past when crude oil prices were in three-digit territory. Some of these, according to government sources, will be shelved and others will be restructured. The review is part of urgent reforms prompted by the oil price rout from 2014, which saw Saudi Arabia plunge into a budget deficit for the first time in its history. As part of efforts to reform the oil-reliant economy, last year Deputy Crown Prince Mohammed bin Salman removed from their positions the Kingdoms long-serving oil and finance ministers, Ali...
  • Opinion: Fracking could fuel Alaskas next oil boom

    04/18/2017 11:02:30 AM PDT · by Ernest_at_the_Beach · 21 replies
    marketwatch.com ^ | Apr 18, 2017 1:37 p.m. ET | By Scott L. Montgomery
    Over the past year oil companies have discovered five billion barrels or more of recoverable oil on Alaskas North Slope*******************************INteractive chart****************************Varios prices by trading time. of day***************************************************Fracking has been utilized in Alaska since the 1980s, but on a small scale. An earlier version said this would be the first time fracking is used in Alaska.************************ Arctic lands and waters hold irresistible allure for global oil companies. Despite opposition from environmental groups and President Obamas 2016 ban on drilling in federal Arctic waters, exploration in Alaska has revealed massive new volumes of oil.This comes at a time of low oil prices...
  • Trump prepares to overturn Obamas limits on offshore oil drilling

    04/08/2017 10:40:28 AM PDT · by 2ndDivisionVet · 15 replies
    The Houma Courier ^ | April 7, 2017 | Juliet Eilperin and Steven Mufson, The Washington Post
    The White House is readying an executive order that aims to open up new areas of the Atlantic and Arctic oceans to offshore oil and gas drilling, according to multiple individuals briefed on the proposal. The White House is considering issuing instructions to the Interior Department to reverse President Barack Obamas withdrawal of hundreds of millions of offshore acres from future drilling in December 2016. The executive order -- which could come out in the next few weeks -- represents President Donald Trumps latest attempt to promote domestic energy exploration by rolling back restrictions put in place by previous administrations,...
  • Trump Readies Executive Order To Open The Arctic, Atlantic Oceans To Drilling

    04/07/2017 9:33:39 AM PDT · by rktman · 33 replies
    dailycaller.com ^ | 4/7/2017 | Michael Bastasch
    The Trump administration is developing an order to open new areas to offshore oil and gas drilling, reversing former President Barack Obamas unilateral decision to lock up most of the Arctic and Atlantic oceans, according to industry sources. Secretary of the Interior Ryan Zinke told industry representatives the new drilling plan would be signed soon, according to Bloomberg. However, he gave few details on what the order could include. The Department of the Interiors (DOI) new five-year offshore drilling plan could take years to develop and would replace the Obama administrations five-year plan finalized in November. President Donald Trump promised...
  • Report: Service companies to ramp-up hiring efforts this year (Oil and gas)

    04/06/2017 3:48:40 PM PDT · by 2ndDivisionVet · 1 replies
    Offshore Magazine ^ | April 6, 2017 | Staff
    OSLO, Norway Recent research from Rystad Energy shows that oilfield service companies should begin recruiting later this year following the significant workforce reduction in the industry throughout 2014 to 2016. Service companies working within the shale sector are already starting to recruit again, the analyst firm said, after the top four service companies, all of which were exposed to the US land market, were forced to lay off between 30-40% of their workforce. Rystad found that companies exposed to more of the international market have cut more modestly, in the range of 20-30%. Among the top 50 service companies,...
  • White House readies executive order to roll back Obama energy regs

    03/27/2017 7:13:54 AM PDT · by rktman · 23 replies
    americanthinker.com ^ | 3/27/2017 | Rick Moran
    On Tuesday, President Trump will announce new executive orders that target EPA regulations that hindered electricity production in the United States. The regulations were created by the Obama administration as part of an anti-fossil fuel strategy to combat global warming. With the installation of a new EPA chief, Scott Priutt - a confirmed global warming skeptic - the electricity production sector of the economy is about to receive a much needed shot in the arm. Pruitt says that the White House plan is both "pro-jobs and pro-environment" and, unlike the Obama plan, will not be "tethered" to the Paris Climate...
  • Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts

    03/20/2017 4:19:48 PM PDT · by artichokegrower · 14 replies
    gCaptain ^ | March 20, 2017 | Mark Shenk
    Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures dropped as much as 1.9 percent in New York. Saudi Arabian Energy Minister Khalid Al-Falih said on March 16 that the kingdom may extend its cuts if supplies stay above the five-year average. A day later, though, data showed the U.S. rig count growing for a ninth week, and a Libya official said Sunday that the Es Sider and Ras Lanuf ports are preparing to restart oil exports.
  • Trump administration to repeal Obama'era fracking rule

    03/16/2017 7:18:02 AM PDT · by rktman · 17 replies
    americanthinker.com ^ | 3/16/2017 | Rick Moran
    President Donald Trump as a candidate promised to unshackle the American energy industry by undoing most of the job killing regulations created by the Obama administration. In a court filing, Justice Department lawyers revealed that the new administration is planning to repeal the Obama hydraulic fracturing rule, that placed severe restrictions on the process of getting oil and natural gas from shale. Earlier yesterday, the administration said they would roll back some of the automobile emissions standards and curtail other Obama administration environmental rules on water and coal leasing.
  • Trump admin halts Obama-era rule on fracking on public land

    03/16/2017 6:06:01 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Mar 15, 2017 10:22 PM EDT | Matthew Daly
    The Trump administration is rolling back an Obama administration rule requiring companies that drill for oil and natural gas on federal lands to disclose chemicals used in hydraulic fracturing, better known as fracking. The administration said in court papers Wednesday that it is withdrawing from a lawsuit challenging the Obama-era rule and will begin a new rule-making process later this year. The Interior Department issued the rule in March 2015, the first major federal regulation of fracking, the controversial drilling technique that has sparked an ongoing boom in natural gas production but raised widespread concerns about possible groundwater contamination and...
  • Trump said to be gearing up for expanded Arctic oil exploration opportunities

    03/13/2017 12:38:34 PM PDT · by Hojczyk · 5 replies
    Hot Air ^ | March 13,2017 | Jazz Shaw
    Still, some of the degradation in the process left behind by Barack Obama could be cleaned up fairly quickly. One aspect of that is found in the scheduling of new leases for drilling. (Bloomberg) Senator Lisa Murkowski said President Donald Trump is interested in opening up new coastal waters for oil and gas drilling and reversing Obama-era policies that restrict energy development in Alaska. Both Trump and Interior Secretary Ryan Zinke are weighing ways to expand opportunities to drill in Arctic waters though the changes could take years to accomplish administratively, Murkowski said in an interview on the sidelines of...
  • Massive Oil Discovery in Alaska Is Biggest Onshore Find in U.S. in 30 years

    03/12/2017 8:32:52 AM PDT · by rktman · 84 replies
    ktla.com ^ | 3/10/2017 | unknown
    Some 1.2 billion barrels of oil have been discovered in Alaska, marking the biggest onshore discovery in the U.S. in three decades. The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices. The new discovery was made in just the past few days in Alaskas North Slope, which was previously viewed as an aging oil basin. Spanish oil giant Repsol and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as...
  • Oil Price Down Nearly 10% Over The Past Three Days

    03/10/2017 10:12:48 AM PST · by Steely Tom · 42 replies
    NASDAQ WTI Petroleum Price ^ | 10 March 2017 | Petro Market
    The of oil is down, from $53 on 7 March, to a bit above $48 today. This, going into the summer driving season.