Government, Business, Fuel

US Cuts Oil Production Forecast for First Time in Six Months

oil Brittany Sowacke/Bloomberg News

The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.

Stephen Cunningham | Bloomberg News
March 13, 2019
Government, Business, Fuel

Colorado Drillers Rise as Voters Reject Limits on Oil Production

Oil drilling George Frey/Bloomberg News

Anadarko Petroleum Corp., Noble Energy Inc. and other companies exploring for oil and natural gas in Colorado jumped in pre-market trading Nov. 7 after voters rejected a plan that sought to limit their ability to drill in the state.

November 7, 2018
Government, Business, Fuel

Arctic Offshore Wells Approved Off Alaska’s Coast

Oil Rig Oil rig in the North Sea. (Svein Åge Berge/Flickr)

ANCHORAGE, Alaska — The first oil and gas production wells in federal Arctic waters have been approved by U.S. regulators. The Bureau of Ocean Energy Management on Oct. 24 announced it issued a conditional permit for the Liberty Project, a proposal by a subsidiary of Houston-based Hilcorp for production wells on an artificial island in the Beaufort Sea.

Dan Joling | Associated Press
October 24, 2018

Obama Lifts Ban on Deepwater Oil Drilling

The Obama administration has lifted a moratorium on deep-water oil drilling that it imposed in April in the wake of the BP oil spill in the Gulf of Mexico, the Associated Press reported.

October 13, 2010