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Drilling & production - 15 October 2010

Deepwater drilling ban lifted

Secretary of the Interior Ken Salazar has determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, and demonstrate the availability of adequate blowout containment resources.

 

US shale gas discovery over already?

The CEO of Chesapeake Energy Aubrey McClendon has said that the most significant natural gas and oil shale fields in the US have already been found, and that investors should not wait around for major new discoveries.