Fox Business - The Power to Prosper
Search Site

Ken Salazar

ConocoPhillips Suspends 2014 Alaska Drilling Plans, Cites Regulatory Uncertainty

ConocoPhillips (COP) suspended plans Wednesday to drill for oil in the waters off of Alaska's Northern Coast in 2014, blaming unclear federal regulations for Arctic Ocean drilling.The announcement is another setback for the energy industry's plans to explore the U.S. Arctic ocean, thought to contain huge amounts of oil. Royal Dutch Shell PLC (RDSA, RDSB) called off its 2013 Alaskan drilling program after two of its Arctic Ocean rigs were damaged, one after running aground an island off the Alaskan coast earlier this year.ConocoPhillips, which has spent $650 million on its Arctic drilling program through 2012, received 98 exploration lease tracts in the Chukchi Sea outer continental shelf in 2008. ConocoPhillips said it decided "it would not be prudent" to make the investment necessary to explore in the harsh Arctic environment until the U.S. government and energy industry hammered out an Arctic-specific regulatory model for offshore oil and gas exploration."Once those (regulatory) requ...

Read More

  1. Exclusive: Senators seek probe into royalties on coal exports

    Two top U.S. senators are calling for the Interior Department to investigate whether coal companies are undervaluing coal they export in order to lower their royalty...

  2. Senators Want Probe Into Coal Export Sales

    Two top U.S. senators are calling for the Interior Department to investigate whether coal companies stand to short taxpayers hundreds of millions of dollars on expor...

  3. Lawmakers Raise Concerns Over Timing of Energy Projects

    Rep. Jeff Denham, (R-Calif.), gives his take on the timing of the approval of two energy projects.

  4. U.S. To Allow Shell To Do 'Preparatory' Activities in Alaska's Chukchi Sea

    The U.S. Interior Department said Thursday it will allow Royal Dutch Shell PLC (RDSA, RDSA.LN) to do "preparatory" work on an oil well in the Chukchi Sea while still...

  5. Should Wind Energy Producers Receive Tax Credits?

    American Crossroads Director of Communications Jonathan Collegio and Heritage Foundation Policy Analyst Nick Loris on energy policy becoming a key issue in the Presidential election.

  6. Obama Administration Says Will Expedite Renewable Energy Projects

    The Obama administration on Tuesday said it will expedite seven renewable energy infrastructure projects to power about 1.5 million homes.The proposed projects inclu...

  7. EPA Regulations Threatening the Future of U.S. Steel Industry?

    Rep. Bill Johnson, (R-Ohio), on the EPA regulations that may lead to the shutdown of the last two U.S. facilities that produce manganese which is needed to produce steel.

  8. Fossil Shares Plunge on Lower Outlook

    FBN's Tracy Byrnes breaks down afternoon market news.

  9. U.S. Proposes New Rules for Fracking

    The Obama administration unveiled long-awaited rules on Friday to bolster oversight of so-called "fracking" on public lands, seeking to allay concerns over the techn...

  10. Why is Obama Supporting Overseas Oil Production?

    Sen. David Vitter, (R-La), on Obama’s support of Brazilian oil production while policies impede oil production in the U.S.

  11. US To Approve Shell's Alaska Oil Spill Response Plan - Interior Secretary

    Interior Secretary Ken Salazar said Wednesday the department would approve Royal Dutch Shell's (RDSA, RDSA.LN) oil-spill response plan for exploratory oil wells in t...

  12. Are Obama’s Policies Standing in the Way of U.S. Energy Growth?

    The Schork Report Editor Stephen Schork on the political obstacles to increasing U.S. oil production.

  1. U.S. Seeks Details From Shell on Arctic Drilling

    Royal Dutch Shell PLC (RDSA, RDSA.LN, RDSB.LN, RDSB) will need to provide more detailed plans before it can make another attempt to drill off the coast of Alaska, th...

  2. U.S. Approves Three Renewable-Energy Projects on Federal Land

    The U.S. Interior Department green-lighted two new solar-power plants and a wind farm in the Western U.S. Wednesday, including one solar farm that could grow to be o...

  3. Obama To Nominate REI CEO Jewell For Interior

    President Barack Obama will nominate Recreation Equipment Incorporated CEO Sally Jewell to be the next Interior Secretary, according to news reports. Obama will make...

  4. Obama’s Second Term: The Energy Outlook

    Tom Borelli, senior fellow with Freedomworks, on how energy policy will change in President Obama’s second term.

  5. U.S. Interior Head Salazar to Leave Administration

    U.S. Interior Secretary Ken Salazar, who helped lead the government's response to the largest offshore oil spill in U.S. history, will announce he is stepping down f...

  6. Government launches review of Shell Arctic drill program

    The Interior Department said on Tuesday it will review Royal Dutch Shell's 2012 Arctic oil drilling program to assess the challenges the company faced and to help gu...

  7. IRS to Begin Accepting Tax 2012 Returns January 30th

    FBN’s Adam Shapiro on the IRS plans to begin accepting tax returns on January 30th.

‹ Prev1234Next ›
Freebase CC-BY
Source: Ken Salazar on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL