Related Articles
Forward article link
Share PDF with colleagues

Obama plan expands and restricts opportunities in the Atlantic

The Obama administration has given a little to the oil industry and taken a little away

Under the administration’s new five-year plan, made public in late January, the industry may get their first chance in decades to bid on coveted new acreage in the Atlantic offshore and will have further opportunities to expand in the Alaskan sectors of the Beaufort and Chukchi seas. However, Obama also said that he would push Congress to declare a vast swathe of the Arctic National Wildlife Refuge (ANWR) off-limits to exploration. The give-and-take approach has become a hallmark of the Obama administration’s strategy to balancing the environmental concerns of his political base with the economic and energy security benefits that have come from the US’ oil boom. The latest announcements lay

Also in this section
ExxonMobil drilling heralds oil era in Guyana
15 June 2018
Keen to add to its production base, ExxonMobil hopes to have the oil flowing from offshore Guyana within two years
Sechin's role in Magomedov arrest under scrutiny
15 June 2018
The arrest of another oligarch with links to the energy industry has raised questions over the motive
Yemen war enters dangerous new phase
13 June 2018
The Saudi-led coalition has embarked on a high-risk strategy to force the Houthis to the negotiating table