October 29, 2014Oil Cos to Obama: We Need More Time!J. Dlouhy, Houston Chronicle | |
Google image WASHINGTON — Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical. Without the extensions, the leases held by Statoil, Shell Oil Co. and ConocoPhillips will begin expiring in 2017. TAGGED: Oil Leases, Arctic Drilling, Obama Administration |