Posted December 11, 2017
Soon, the Interior Department is expected to release its draft offshore leasing program that will shape natural gas and oil development on the federal outer continental shelf (OCS) for the next five years, 2019-2024. Recognizing that the leasing program only outlines where lease auctions could be conducted, let’s take a look at some offshore basics to provide full context to a process that’s critically important to our country’s future energy security.
Posted October 12, 2017
What we see here are the outlines of a serious disconnect between current U.S. offshore policy and reality – that with the U.S. and the world projected to see significant growth in energy demand, the United States has more than 90 percent of its offshore reserves locked away, unavailable even for the studies and tests needed to determine the potential size and location of those reserves.Given the long lead times needed to develop the offshore, the United States’ current policy posture needs a course correction.
Posted September 28, 2016
Safe offshore energy development is a by-product of advanced technologies and equipment, an ever-expanding knowledge base, improved worker training, an effective partnership of industry and regulatory authorities, constantly improving standards for deepwater exploration and production and, over it all, an industry committed to creating and growing a culture of safety in offshore operations.
Posted March 23, 2016
The Obama administration’s decision last week to eliminate the Atlantic from the next federal offshore leasing plan is a step backward for American energy policy. Despite bipartisan support in Congress and from voters in coastal states, the administration is doubling down on a shortsighted policy that keeps 87 percent of federally controlled offshore acreage off limits to energy exploration.
Expanding access to America’s energy resources – both offshore and onshore – is vital to our future energy security and economic growth.
Posted March 14, 2016
When BOEM releases its final program, perhaps this week, watch the Atlantic. A decision to keep the Atlantic lease sale in the five-year plan will say volumes about the administration’s view of offshore energy development. Erik Milito, API director of upstream and industry operations, joined representatives of two other organizations on a conference call with reporters to discuss the next leasing program:
“The possible benefits for developing oil and natural gas off of the Atlantic coast are numerous. The most promising areas for development run all the way from the coasts of Maine to Florida. Official government figures project the possibility of nearly 5 billion barrels of oil and over 37 trillion cubic feet of gas contained by this section of the Atlantic Shelf. This is American energy security, American jobs, U.S. government revenue and American GDP tied up by political red tape. This is a once-in-a-generation opportunity, stuck, off limits to future generations as it waits for forward-looking energy policy.”
Posted May 15, 2015
Bloomberg BNA: The chairman of the Senate Energy and Natural Resources Committee said May 14 that she is inclined to include standalone legislation that would end the 40-year ban on the export of domestic crude oil as part of a broader energy package the committee is drafting.
“I’d like to have it in there,” Sen. Lisa Murkowski (R-Alaska) told reporters. “It just makes sense in there, as part of the bigger, broader energy updating our architecture.”
The bill, the Energy Supply and Distribution Act of 2015 (S. 1312), released May 13, is scheduled to be the subject of a June 4 hearing on “energy accountability and reform,” along with other bills that could end up in the broader energy package, which is expected to be unveiled later this summer.
Posted April 8, 2015
NOLA.com: Five years after the BP oil spill in the Gulf of Mexico, the oil and gas industry can respond and contain well blowouts offshore faster than ever before, said Don Armijo, CEO of the Marine Well Containment Co. But he said work remains to make sure containment equipment keeps pace with industry's push to drill in deeper waters.
Armijo, who spoke Tuesday (April 7) at a business lunch at The Roosevelt Hotel in downtown New Orleans, said Marine Well Containment Co. has the equipment to respond to oil gushers in up to 10,000 feet of water. The industry will outgrow that equipment, he said.
"We know there has been drilling proposed in areas much deeper than 10,000 feet of water," Armijo said. "That's the big thing. How do we actually get the technology put together so we can be deeper? These are the kind of things that are on our minds all the time."
Posted October 8, 2014
Energy already is generating benefits for North Carolina and its economy, and things could get a lot better with the right oil and natural gas policies in place – an important point as North Carolinians get ready to vote in a U.S. Senate race that has national implications.
Advanced hydraulic fracturing and horizontal drilling could get under way early next year with the finalizing of state rules for safe and responsible development.
This fits with recent polling showing that strong majorities of registered North Carolina voters support increased domestic oil and natural gas production, including 91 percent who say more production could lead to more U.S. jobs and 89 percent who say more oil and gas could help stimulate the economy.
Posted August 13, 2014
America’s energy revolution is reality. Thanks to vast reserves of oil and natural gas in shale and other tight-rock formations, developed with advanced hydraulic fracturing and horizontal drilling, the United States is the world’s leading producer of natural gas and by next year could be No. 1 in oil production.
Yet, the dramatic shift in the U.S. energy picture – from one of scarcity and limits just a few years ago to abundance and opportunity – could be just a memory without policies and actions to sustain it. Key to keeping the domestic energy revolution going is offshore development. The ability to explore for and develop new offshore oil and natural gas reserves is vital to maintaining America’s status as an energy superpower – a point grasped by a strong majority of U.S. voters in recent polling.
That’s the main thrust of official comments just submitted by API and 10 other associations to officials who are assembling the next federal five-year offshore leasing plan that will establish where the federal government plans to lease offshore blocks for exploration and development from 2017 to 2022.
Posted July 23, 2014
There are three connected points in a new poll of registered U.S. voters on domestic oil and natural gas development that should resonate in Washington: Strong majorities of registered voters support more domestic drilling and production, they don’t think the federal government does enough to encourage development of domestic resources and they’re inclined to vote for political candidates who support oil and natural gas development here at home.
AP Upstream Group Director Erik Milito talked about the survey of 1,012 registered voters and issues related to increasing access to domestic oil and natural gas reserves during a conference call with reporters:
“Voters from across the political spectrum want to find and tap the vast oil and natural gas resources waiting to be discovered off our shores. Our industry stands ready to do the job safely and responsibly, and the benefits to our economy and our national security are impossible to deny. All the federal government needs to do is say, ‘Yes.’”