7-30-15 Murkowski's Senate Energy Committee Votes to Lift Crude Export Ban and Allow State OCS Revenue Sharing
TONIGHT: YOU READ IT HERE FIRST!
The Senate Energy and Natural Resources Committee passed major bills Thursday on lifting the crude oil export ban and its broad energy package.
The oil export bill would also increase offshore drilling and provide revenue sharing for neighboring states. It passed 12-10, along party lines.
"It's the result of collaborative efforts by members of this committee to boost offshore development, allow revenue sharing for coastal producing states and lift the outdated ban on crude exports," Sen. Lisa Murkowski (R-Alaska), chairwoman of the panel, said of the export and offshore drilling measure.
Petroleum News by Alan Bailey (NGP Photo). On July 22 the federal Bureau of Safety and Environmental Enforcement issued permits allowing Shell to drill the top hole sections of two wells in the Burger prospect in the Chukchi Sea. Shell now has all of the permits that it needs to start drilling. However, BSEE is prohibiting Shell from drilling into hydrocarbon bearing zones until....
U.S. Sen. Lisa Murkowski, (NGP Photo), yesterday issued the following response to the Interior Department’s approval of two conditional permits to Shell to resume its exploratory drilling in Alaska’s Chukchi Sea:
“Today’s approval by the Department of Interior of the permits Shell needs to resume drilling in the Chukchi Sea is good news for Alaska and our country. However, it is not the final regulatory hurdle Shell faces and it is important that the agencies continue to work in good faith and in a timely fashion to complete the remaining regulatory requirements.
“With an estimated 25 percent of the world’s undiscovered conventional oil and gas resources and active exploration by countries like Russia, it’s critical that the United States set the standard for responsible development in the Arctic. America will only truly assume that role when it actively engages in developing its resources.
“My attention remains focused on ensuring exploration proceeds safely this season and that Alaskans benefit from the development of our resources through revenue sharing.”
Petroleum News. The U.S. Fish and Wildlife Service has issued a letter of authorization, allowing the minor, unintended disturbance of walrus and polar bears during Shell’s planned exploration drilling in the Chukchi Sea this year. Shell has been moving its drilling fleet north in preparation for its drilling progr....
Petroleum News: EPA: No widespread harm from fracking - 06/14/2015 (Login to read Full story) Hydraulic fracturing to drill for oil and natural gas has not caused widespread harm to drinking water in the United States, the Environmental Protection Agency said June 4 in a report that also warned of potential contamination of water supplies if safeguards are not maintained. A draft study issu....
KTVA VIDEO. Alaska is on track to build the largest natural gas project in the world, according to the Alaska Gasline Development board.
They say the U.S. Department of Energy’s license approval is big news — it means Alaska will be allowed to sell its liquefied natural gas (LNG) to any country in the world. Before, only countries on the United States’ free trade list were allowed. It will open the market into Asia, where countries like Japan are in desperate need of LNG.
“Getting that, I can’t say enough, it’s a huge step in the process to get the LNG,” said Dave Cruz with AGDC.