BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Oil

CERAWeek -- US regulators now a partner to oil and natural gas producers: Zinke

Crude Oil

Platts launches assessments for US WTI, Eagle Ford crude oil for delivery to Europe

Crude Oil

Platts Wellscape GIS

Oil | Crude Oil | Oil Risk | Petrochemicals | Aromatics | Olefins | Petrochemicals Risk | Polymers | Solvents & Intermediates

S&P Global Platts University (at MEEPEC)

Oil

US to offer all available Gulf of Mexico waters for oil, gas leasing in March

CERAWeek -- US regulators now a partner to oil and natural gas producers: Zinke

US Interior Secretary Ryan Zinke told a major energy conference Tuesday that the Trump administration was actively working to boost oil and natural gas production by easing regulation and opening up more federal lands and waters to drilling.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Interior should not be in the business of being an adversary, we should be in the business of being a partner," Zinke said at CERAWeek by IHS Markit. "We shouldn't prevent production."

Other Trump administration officials, including Environmental Protection Agency Administrator Scott Pruitt, have offered similar sentiments in public settings over the last year. Such comments have emboldened fossil fuel opponents, who have stepped up pressure on various government agencies, including Interior.

Zinke announced Monday on Twitter that after talking with residents and local, state and federal officials, his agency had decided to defer an upcoming lease auction of some public lands in his home state of Montana.



Zinke on Tuesday framed US oil and gas production as "morally better" than importing fossil fuels from overseas markets and referenced the Trump administration goal of "US energy dominance."

"I want to thank you all of you for making American energy great again," Zinke said in front a crowd which included OPEC ministers and Amin Nasser, the president and CEO of Saudi Aramco. "It is better to produce energy in this country."

Zinke said his agency plans to lessen the regulatory burden on domestic oil and gas producers by shortening federal permitting times and altering its safety oversight regime.

"Structurally, we have to change to meet the president's goal to make sure the permitting is done more expeditiously," Zinke said. "We can't get there unless we change."

Zinke said Interior's Bureau of Safety and Environmental Enforcement would shift to a "risk-based" approach to offshore safety, which he compared to the military's approach.

"Not every component is important when it comes to risk," he said.

Interior has proposed opening up nearly all federal waters to oil and gas drilling, although Zinke has said waters offshore Florida would be exempt. But he indicated Tuesday that the path of offshore production remains unclear as US onshore drilling, particularly on private lands, continues to accelerate.

On March 21, Interior plans to hold a lease sale offering 77.3 million acres in the Gulf of Mexico for oil and gas drilling. Interior is calling the lease sale the "largest in US history," and Zinke said it would serve as a "bellwether" for future US offshore production.

"We'll see what the future of offshore is in comparison to the Permian," Zinke said.

He also repeated a frequent refrain that he believes natural gas flaring misses an opportunity to more fully realize America's energy potential, and that instead there should be more incentives provided to encourage companies to build pipelines to move associated gas that is lifted with oil drilling to market.

Interior's Bureau of Land Management said last month it would replace rules governing venting and flaring on federal and tribal lands, with a goal of encouraging more production on federal and tribal lands.

"Personally, I think flaring is wasteful, particularly on public lands," Zinke said.

--Brian Scheid, brian.scheid@spglobal.com
--Harry Weber, Harry.Weber@spglobal.com
--Edited by Jason Lindquist, newsdesk@spglobal.com