Sentences with phrase «gulf offshore leases»

Not exact matches

The plan would open the door for drilling in areas far beyond the U.S. epicenter of offshore drilling in the central and western Gulf of Mexico, giving oil and gas companies the opportunity to explore areas left out of leases for decades.

Obama will visit the Gulf again on May 28 and ordered today an extension of a moratorium on new offshore drilling in all U.S. waters until the end of the year as well as cancelled planned lease sales.

WASHINGTON, D.C. — A new offshore oil and gas plan from the U.S. Department of the Interior blocks two drilling leases in the Arctic, but allows a new lease in Alaska's Cook Inlet and 10 new leases in the Gulf of Mexico over the next five years — a step that will worsen climate change by ensuring significant greenhouse gas pollution for the next 70 years.

It would also stop new leases for offshore drilling in the Pacific and the Gulf of Mexico and prohibit offshore drilling in the Atlantic and Arctic Oceans.

According to Lorne Stockman of Oil Change International, a think - tank focused on the post-carbon economy, it isn't clear how popular the new offshore leases will be with fossil fuel companies, particularly outside those areas of the Gulf already crowded with rigs and infrastructure.

In May 2010, as oil continued to gush into the Gulf from BP's Deepwater Horizon disaster, President Obama canceled a pending lease sale that would have opened Virginia's coastline to the dangers of offshore oil drilling.