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The public has until Jan. 23 to submit comments on the federal proposal to open California waters to offshore oil drilling.
Worries abound that the coast along Santa Barbara, which would be the site of most of the new oil drilling leases the federal government proposed, would endanger the area.
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US Oil Drilling Activity Ends Down for 2025, But Production Still Near Highs
The total number of active drilling rigs for oil and gas in the United States rose by 1 this week, according to new data that Baker Hughes published earlier this week
The Zacks Oil and Gas - Drilling industry is navigating a softer backdrop as operators scale back near-term spending and delay contracts, leaving rig demand uneven and pricing under pressure. Activity is also challenged by rising complexity: deeper wells ...
Most investors want a diverse portfolio, as well as keeping some of their funds in non-liquid assets. Oil is one of the best investments you can make in that category.
State officials and environmental groups urge Californians to submit comments by Jan. 23, citing $51 billion ocean economy at stake.
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WASHINGTON - The Interior Department on Monday announced new rules for offshore oil drilling that will require environmental reviews and an end to exemptions of the type that allowed the Deepwater Horizon rig to operate with scant regulatory oversight.
Companies exploring for oil and gas off the Norwegian coast are set to cut spending this year by about 6%, as a handful of major projects near completion and the pipeline of new prospects slows.