The widely anticipated move comes two months after U.S. President Joe Biden’s administration suspended the nine leases in the Arctic National Wildlife Refuge pending an environmental analysis.
Greenland has ended its 50-year ambition to become an oil producing nation after announcing on July 16 it would suspend a strategy of searching for oil and would stop granting exploration licenses.
Pantheon Resources North Slope test, Chesapeake Marcellus well completion plus EOG Resources Eagleville Field wells producing from the Eagle Ford Shale and Austin Chalk top this week’s oil and gas drilling activity highlights from around the world.
The awards were part of Norway’s licensing rounds that cover previously unexplored frontier areas.
The order reverses an effort to expand oil and gas development in the U.S. by the Trump administration.
The Petroleum Safety Authority said in a statement it had identified “serious breaches” of regulations in the construction of the hull for the oil field’s FPSO vessel.
In February, an appeals court blocked construction of ConocoPhillips’ $2 billion-plus Willow crude oil project in Alaska.
Here’s a quicklist of oil and gas assets on the market including Whiting Petroleum’s Redtail assets in Colorado’s Weld County and a Henry Resources Permian Basin divestiture plus nonop working interest packages in the Midcontinent and Barnett Shale regions.
The rollback effort made by the administration of former President Donald Trump was among a string of eleventh-hour proposals aimed at maximizing energy development on public lands and waters.
The 9th Circuit Court of Appeals said President Joe Biden’s reinstatement of Obama-era protections makes moot the previous administration’s attempts to allow oil development there.