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The first federal lease sale offshore Florida was in 1959. In the 1980s the state of Florida objected to further federal lease sales in offshore Florida, and the last one was held in 1985. Because of state objections, the federal government agreed to pay $200 million to nine oil companies to buy back leases south of 26 degrees north latitude. [28]
The OCS P-0130 well drilled offshore Oregon by Union Oil in 1966 was described as having "potential for commercial gas production", [17] but none of the wells were completed as producers, and the federal leases expired in 1969. [18] [19] Farther north, in Canadian waters, Shell Canada drilled 14 wells offshore from Vancouver Island from 1967 ...
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]
Even Trump used the law to ban sales of offshore drilling rights in the eastern Gulf of Mexico off the coast of Florida through 2032. Biden's decision will protect the same area with no expiration.
A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...
The Lun-A (Lunskoye-A) platform, located off the north eastern coast of Sakhalin Island and is a concrete gravity base substructure (CGBS).. An oil platform (also called an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed.
Officials haven't approved any new oil exploration off California's coast in decades. Yet pumping and drilling continue there. Here's why.
In 1954, the company launched Rig 51, the first mobile jackup rig, in the Gulf of Mexico. In 1967, the Offshore Company went public. In 1978, SNG turned it into a wholly owned subsidiary. In 1982, it was changed to Sonat Offshore Drilling Inc., reflecting a change in its parent's name. William C. O'Malley, an executive at Sonat's headquarters ...