Sentences with phrase «drilling moratorium»
A "drilling moratorium" is a temporary ban or halt on the process of drilling for natural resources, such as oil or gas, in a particular area. It is usually put in place for various reasons, such as environmental concerns, safety issues, or regulatory reviews. During the moratorium, no drilling activities are allowed until the ban is lifted or regulations are revised. Full definition
«Taxes on energy or carbon will not boost the economy, nor will worrying about delta smelt or imposing drilling moratoriums in a nation starved for energy.
usactionnews.com
And on October 21, just days after Washington lifted the deepwater drilling moratorium, Chevron announced a $ 7.5 billion project to develop two oil fields, Jack and St. Malo, lying 7,000 feet below the waves 280 miles south of New Orleans.
More on the Oil Spill BP Says New «Top Hat» is About 150 Feet From Oil Leak Obama Admin Bucks Federal Judge, Issues New Offshore Drilling Moratorium (UPDATED)
«The [U.S. Department of Energy] expects the Obama administration's recent drilling moratorium to cut U.S. production by an average 70,000 [barrels a day] next year, which is equal to only about 1 per cent of current OPEC spare capacity.»
President Obama's deep - water drilling moratorium and new regulations on shall - water rigs haven't helped to reduce their anxiety.
From an offshore drilling moratorium to a de facto one put in place through the permitting and leasing process, American energy and the jobs it creates have too often been pushed aside by the Obama administration and its allies in Washington.
As a «goodwill gesture,» BP's executives are even promising to pay $ 100 million to oil industry workers sidelined by the Obama administration's decision to impose a six - month drilling moratorium, even though they reportedly don't believe their shareholders are liable.
Interior Department's Other Drilling Moratorium William Yeatman, Politico Energy Arena, 1 October 2010
The Wall Street Journal reported that U.S. offshore oil production is expected to be 13 percent lower this year, in part due to the Gulf drilling moratorium.
A coalition of 14 environmental groups has sent a letter to President Obama urging him to establish a permanent drilling moratorium on areas which don't already have rigs on them.
In response to the BP drilling disaster, we specifically urge you to establish a presidential drilling moratorium which would permanently restore coastal protections for areas currently not leased for off shore oil and gas drilling, and cancel exploratory drilling permits for the Beaufort and Chukchi seas.
The congressional drilling moratorium, which dates to the early 1980s, has been included in the annual appropriations bills that fund federal agencies, with this year's ban set to expire Tuesday.
via: Reuters Offshore Oil Drilling Offshore Drilling Graph Speaks for Itself R.I.P. Offshore Oil Drilling Moratorium: What Could We Have Done Better?
The deepwater drilling moratorium could be lifted soon after the release of an oil spill commission's report next week, officials say.
In a letter to President Barack Obama, Vitter wrote that he was imposing the hold because he was «uncomfortable confirming a high - level science advisor within your administration while there remain significant outstanding concerns over scientific integrity at federal agencies and the White House, including with regard to the recent drilling moratorium and the ongoing bottleneck in permitting, which I would characterize as a continuing de facto moratorium.»
Now a much - discussed report by the inspector general of the Department of Interior shows how officials in the Obama White House were responsible for a last - minute change in the language of a document on deep - water drilling safety that formed the basis for President Obama's controversial decision in June to enact a six - month deep - water drilling moratorium (the move was more politically harmful than economically damaging, in the end).
Both Democratic and Republican politicians are up in arms about the offshore drilling moratorium, attacking the president for suspending further operations in deep waters.
Remember, during the Deepwater Horizon spill many of them spent most of their time objecting to the drilling moratorium and opposing tighter regulations proposed for the industry.
The Gulf of Mexico is still under a drilling moratorium after the BP oil spill but plans to step up deep - water exploration on the other side of the world, in the South China Sea, remain largely unchanged.
Late last year, in a submission (pdf) to the New York Department of Environmental Conservation, which is developing regulations while a drilling moratorium is in place, NPS requested that any proposal for a drilling site within 2,000 feet of a park service unit automatically trigger a state environmental impact analysis.
Landrieu called the BP oil spill the «exception instead of the rule» and said the deepwater drilling moratorium will kill jobs.
Now, in the absence of an offshore - drilling moratorium, the federal government could technically offer drilling leases for areas as near as three miles to shore.