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OIL AND GAS
Trump erases Obama-era offshore rules
by Daniel J. Graeber
Washington (UPI) Jun 21, 2018

Executive action from the U.S. president eases offshore energy planning burdens, an industry group said, though critics said it was a war on oceans.

President Donald Trump signed an executive order Tuesday that supports access to marine data and encourages interaction among stakeholders in ocean, coastal, and Great Lakes waters of the United States. The action erased executive action from former President Barack Obama to ensure U.S. waters are sustainable, protected and resilient to climate change.

Trump has been a vocal supporter of expanding access for oil and gas drillers in U.S. territorial waters and keen to erase his predecessor's legacy. Randall Luthi, the president of the National Ocean Industries Association, said the executive action from the Trump administration is supportive of the offshore energy industry.

"The executive order reverses the misguided course of the 2010 National Ocean Policy," he said in a statement. "This renewed broad vision will hopefully encourage productive partnerships, recognizing a wide variety of ocean uses, all leading to increased economic, environmental and energy security for America through job creation, economic activity, and energy development."

First quarter production from the U.S. Gulf of Mexico was around 1.68 million barrels of oil per day, compared with 8 million bpd from the Lower 48 states. A report from the Federal Reserve Bank of Dallas said there's been a lack of investments in offshore production in the United States because the industry is focused on shale oil, which is quicker to bring to production. Some offshore efforts take much longer to bring to development, but can stay in production for decades.

Trump has worked to unravel some of the safety measures implemented after the Deepwater Horizon oil spill in the Gulf of Mexico, one of the worst offshore spills in the history of the industry. Christy Goldfuss, senior vice president for energy and environment at the Center for American Progress, said the Trump administration has been reckless with offshore policies.

"This order is just the latest attack in what has become an all-out war on America's oceans," she said in a statement.


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OIL AND GAS
South Sudan's warring leaders to meet for talks in Ethiopia
Addis Ababa (AFP) June 19, 2018
Nearly two years after fleeing South Sudan's capital amid deadly fighting, rebel leader Riek Machar will meet face-to-face on Wednesday with the country's president, Salva Kiir. The rendezvous in Ethiopia's capital Addis Ababa represents the latest international effort to end more than four years of civil war in the world's youngest nation. Tens of thousands have been killed and millions have been driven out of their homes and into starvation. Kiir and Machar will meet at the invitation of E ... read more

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