Shelf

The Department of Interior Tuesday issued a directive to oil and gas lessees and operators on the Outer Continental Shelf (OCS) implementing stronger safety requirements, and saying shallow-water drilling that is in compliance with the new requirements could continue.

Responding to the Obama administration’s rollout of a new five-year plan for potential development of the Outer Continental Shelf (OCS), Rep. Edward Markey (D-MA) said he will reintroduce his “Use It or Lose It” legislation that would levy fees on nonproducing oil and natural gas leases when Congress returns from its spring recess this week.

Responding to the Obama administration’s rollout of a new five-year plan for potential development of the Outer Continental Shelf (OCS), Rep. Edward Markey (D-MA) said he will reintroduce his “Use It or Lose It” legislation that would levy fees on nonproducing oil and natural gas leases when Congress returns from its spring recess next week (see Daily GPI, April 1).

Responding to the Obama administration’s rollout of a new five-year plan for potential development of the Outer Continental Shelf (OCS), Rep. Edward Markey (D-MA) said he will reintroduce his “Use It or Lose It” legislation that would levy fees on nonproducing oil and natural gas leases when Congress returns from its spring recess next week (see Daily GPI, April 1).

Frustrated by postponement of an Outer Continental Shelf (OCS) lease sale for waters off the coast of Virginia, lawmakers have introduced a bill that would compel the Department of Interior to proceed with a sale within one year of the legislation’s passage if the state’s governor requests it.

Frustrated by postponement of an Outer Continental Shelf (OCS) lease sale for waters off the coast of Virginia, lawmakers have introduced a bill that would compel the Department of Interior to proceed with a sale within one year of the legislation’s passage if the state’s governor requests it.

Frustrated by postponement of an Outer Continental Shelf (OCS) lease sale for waters off the coast of Virginia, lawmakers have introduced a bill that would compel the Department of Interior to proceed with a sale within one year of the legislation’s passage if the state’s governor requests it.

As Congress begins debate on energy issues, such as access to the Outer Continental Shelf (OCS) and the repeal of tax breaks, the American Petroleum Institute (API) Thursday told lawmakers that any legislative action detrimental to oil and gas would take a significant toll on an already faltering economy.

The recent appellate court ruling declaring the existing five-year Outer Continental Shelf (OCS) leasing plan for 2007-2012 to be “legally defective” has called into question the Interior Department leases issued for oil and natural gas development in the Gulf of Mexico and Alaska under the plan, said Interior Secretary Ken Salazar Wednesday.