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The possible offshore lease sale became an issue in the 2009 race for governor of Virginia. [43] The winner, Bob McDonnell, urged during his tenure that the sale take place. [44] In May 2010, President Obama announced his decision to cancel the offshore Virginia lease sale, in response to the Deepwater Horizon oil spill in the Gulf of Mexico. [45]
The first federal lease sale offshore Alaska was held in 1976. Alaska produces oil and gas from offshore areas in the Cook Inlet and the Arctic Ocean. [7] Endicott Island is an artificial island built to produce oil from beneath the Beaufort Sea. There are currently four artificial islands being used for drilling.
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But even three drilling sales will frustrate climate advocates, who have pressed the administration to take a tougher line on offshore drilling and wanted no new oil and gas lease sales approved.
Drilling down into the offshore drilling segment of the oil and gas industry. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
Offshore is part of the upstream sector of the oil and gas industry. [1] Offshore activities include searching for potential underground crude oil and natural gas reservoirs and accumulations, the drilling of exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil and/or natural gas to the surface.
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered ...
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