Department of Interior Cancels Two Chukchi, Beaufort Sea, Lease Sales

Department of Interior Cancels Two Chukchi, Beaufort Sea, Lease Sales

In announcement on Friday, the Department of the Interior cited current market conditions and low industry interest as reasons for the cancellation of two potential Arctic offshore lease sales that were scheduled under the current five-year offshore oil and gas leasing program for 2012-2017. This news comes after Shell’s announcement that it would cease further exploration […]

President’s Proposal to Block Beaufort/Chukchi Oil/Gas Development Draws Quick Criticism

President’s Proposal to Block Beaufort/Chukchi Oil/Gas Development Draws Quick Criticism

Even while opening up areas of the Atlantic in areas that included off-shore Virginia, North and South Carolina and Georgia, to off-shore drilling for oil, President Obama revealed his plan to to propose 9.8 million acres off-limits to to consideration for off-shore development in the Chukchi and Beaufort Seas. His announcement drew quick reaction and […]