• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 57 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 44 mins Marine based energy generation
  • 10 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 21 hours The Most Annoying Person You Have Encountered During Lockdown
  • 2 mins China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 17 hours Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 12 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 22 hours Cpt Lauren Dowsett
  • 23 hours Which producers will shut in first?
  • 6 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 19 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 23 hours Washington doctor removed from his post, over covid
Alt Text

The Oil Giant Drowning In Debt

Oil major ExxonMobil has not…

Alt Text

What Really Caused Oil To Rally By 25%?

This morning saw oil prices…

RFE/RL staff

RFE/RL staff

RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many…

More Info

Premium Content

Obama Lifts Deepwater Drilling Ban in The Gulf of Mexico

The Obama administration has lifted a six-month moratorium on deepwater oil drilling in the Gulf of Mexico that was imposed after the massive BP oil spill began in April.

The administration has been under heavy pressure from the industry and others in the region to lift the ban on grounds that it has cost jobs and damaged the economy.

A federal report said the moratorium likely caused a temporary loss of 8,000-12,000 jobs in the Gulf region.

While the temporary ban on exploratory drilling is lifted immediately, drilling is unlikely to resume immediately. Interior Secretary Ken Salazar said that new rules imposed after the BP spill have strengthened safety measures and reduced the risk of a catastrophic blowout.

The BP spill erupted after a deadly explosion at the "Deepwater Horizon," an offshore oil-drilling rig that was operating more than 10,000 meters below the sea surface in waters more than 1,000 meters deep, eventually spewing more than 4 million barrels of crude oil into the waters of the Gulf. BP declared the spill permanently sealed on September 19.

By. RFE/RL

Copyright (c) 2010. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News