Posted May 12, 2015
U.S. Conditionally Approves Shell Arctic Drilling Plan
Wall Street Journal: The U.S. government Monday conditionally approved Royal Dutch Shell PLC’s plans to drill in the Arctic Ocean this summer, removing the biggest remaining obstacle before the company can explore for oil and natural gas in the Arctic’s frigid, isolated waters.
The announcement adds to a mix of decisions by the Obama administration that have restricted and granted new domestic fossil-fuel development.
Though affecting just one company, the approval is a victory for the oil-and-gas industry, which has criticized recent regulations affecting the sector, including tougher requirements on hydraulic fracturing and trains hauling flammable oil. Monday’s approval is tied to regulations proposed by the government in February for Arctic drilling operations off the coast of Alaska that could pave the way for additional companies exploring in the region.
Read more: (subscription required) http://on.wsj.com/1Iw5qec
More industry news:
- Permian Oil Production Above 2 Million Barrels a Day: http://bit.ly/1PEAWpl
- Blog – PA and NY: 2 States, 2 Hydraulic Fracturing Policies, 2 Different Results: http://uscham.com/1QFFu0U
- XTO Seeks to Expand Processing Facility in PA: http://bit.ly/1J9QMIy
- Memorial Day Travel to Surge Higher Due to Lowest Prices in 5 Years – AAA: http://bit.ly/1PF4GlK
- North Carolina Town Could Be First Fracking Site in Region: http://bit.ly/1EAS2yc
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.