offshore drilling News

offshore drilling News From AOL News

Obama Bans New East Coast Offshore Drilling: 3 Possible Reasons

(Dec. 1) -- Don't drill, baby, don't drill. Reversing its pre-BP oil spill disaster position, the Obama administration announced today that it will not engage in offshore drilling on the East Coast of the U.S. and the eastern Gulf of Mexico region, according to The Associated Press. The original policy, announced three...

New Drilling Banned in Eastern Gulf, Atlantic Coast

WASHINGTON (Dec. 1) -- The Obama administration announced today that the BP oil disaster in the Gulf of Mexico has prompted it to scuttle plans to open waters off Florida and along the Atlantic coast to offshore oil and gas drilling for at least seven years. The change, detailed by Interior Secretary Ken Salazar in a...

Obama: No Offshore Drilling in East Coast Waters

WASHINGTON (Dec. 1) -- In a reversal, the Obama administration said Wednesday it will not pursue offshore drilling off the East Coast of the U.S. and the eastern Gulf of Mexico. A senior administration official told The Associated Press that because of the BP oil spill, the Interior Department will not propose any new oil...

Tony Hayward Defends BP's Safety Record

LONDON (Sept. 15) -- Outgoing BP boss Tony Hayward defended his company's safety record during a grilling by British parliamentarians, saying there was "no evidence" that cost-cutting had contributed to the Gulf of Mexico disaster. Speaking before the U.K. Parliament's Energy and Climate Change Committee, Hayward said the...

BP Moves Up Date for Capping Busted Oil Well

(July 8) -- BP is under mounting pressure from the White House to stop the gushing oil well in the Gulf of Mexico, and hopes to completely shut off flow by later this month -- weeks earlier than the company's previous public forecasts. The White House is sending BP a series of written questions about its attempts to cap...

Background on offshore drilling

Offshore drilling refers to a mechanical process where a wellbore is drilled through the seabed. It is typically carried out in order to explore for and subsequently produce hydrocarbons which lie in rock formations beneath the seabed.

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