Offshore Energy

Oil Price Rise Sees Increase in Suez Canal Traffic

With around 108,000 registered boats in a state that is home to 3.6 million people – about one boat for every 33 residents – getting out on the water is broadly popular in Connecticut. No question, keeping this New England state’s boating appetite sated takes a lot of energy, and not just for filling gas tanks. Today’s natural gas and… Keep reading →

CNOOC Drops Bid For Unocal

The Trump administration is taking the first step to more fully harness the United States’ offshore oil and natural gas wealth, beginning work on a new five-year offshore leasing plan – the federal blueprint for future offshore development. It’s great news for America’s future energy security, for consumers and our economy. President Trump’s executive order in April called… Keep reading →

Executive Order Charts New Path For Offshore Energy Development

The sun sets behind two under constructi

On April 28, 2017, the Trump administration issued an Executive Order entitled “Implementing an America-First Offshore Energy Strategy.”

CNOOC Drops Bid For Unocal

Last week’s presidential executive order embracing increased access to America’s offshore natural gas and oil reserves jumpstarts an important conversation about the needed, positive steps to make the United States’ energy future more secure. With 94 percent of federal offshore acreage currently off limits to development, there are more questions about that future than if… Keep reading →

Employees work in an oil rig operated by

Statistics in the U.S. Energy Information Administration’s Monthly Energy Review for March show U.S.domestic energy production meeting about 89 percent of the country’s total energy demand. That’s up from 84 percent in 2013 and 2012 and reflects a key result of the domestic energy revolution: growing U.S. self-sufficiency. Two charts. First, EIA data showing U.S.… Keep reading →

Two U.S. Navy Vessels Collide

News that the Interior Department has reaffirmed Shell’s right to drill in the Chukchi Sea off the Alaskan coast is an important step toward to Arctic energy development. While the company still must secure individual drilling permits and overall federal approval of its exploration plan, this week’s action advances the larger objective of safe and… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

Offshore energy is getting lots of attention this week, which is good. Offshore energy is vital to America’s economy and energy security. This week the Interior Department proposed the first draft of its next five-year program for offshore oil and natural gas leasing, in the 2017-2020 timeframe. While the draft plan doesn’t go far enough,… Keep reading →