WASHINGTON – Members of a key House panel have hammered out a deal aimed at opening up more offshore areas to oil and natural gas drilling. Such a step would represent a huge victory for offshore operators, who have long eyed areas of the Outer Continental Shelf off limits to drilling. But the bill also threatens to slap energy companies producing royalty-free in the deep waters of the Gulf of Mexico with sizable new “conservation of resources” fees.
Green Marine
about 20 years ago
Deal may boost offshore drilling
WASHINGTON – Members of a key House panel have hammered out a deal aimed at opening up more offshore areas to oil and natural gas drilling. Such a step would represent a huge victory for offshore operators, who have long eyed areas of the Outer Continental Shelf off limits to drilling. But the bill
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