API welcomes efforts to expedite oil and gas permitting
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
The American Petroleum Institute (API) has issued a statement welcoming Interior Secretary Ryan Zinke’s order to expedite the oil and gas permitting process on federal lands.
The API believes that streamlining permitting processes and decisions will improve confidence to invest in federal energy projects that will create jobs and benefit consumers.
API Upstream and Industry Operations Group Director, Erik Milito, said: “We applaud the administration’s steps to help strengthen the United States’ energy position […] A key component of a successful policy is repairing the federal permitting process so that companies have the confidence to invest and see their projects move forward.”
The API notes that oil and gas production on federal lands was flat or declining during 2010 – 2015, despite the fact that US production on private and state lands was up 55% (natural gas) and 113% (crude oil) in the same period, according to the Congressional Research Service.
Milito added: “Today’s action is an important recognition of the benefits of responsible development on federal lands, which make up nearly a third of US territory. We look forward to working with the administration on smart policies that unlock investment and improve regulatory uncertainty for businesses, and ensure environmental stewardship. We stand ready to work with the Department of the Interior to make this a reality.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10072017/api-welcomes-efforts-to-expedite-oil-and-gas-permitting/
You might also like
Repsol takes its multi-energy to major music festivals in Spain and Portugal
Repsol has joined forces with the six most important music promoters in Spain to jointly promote the use of different multi-energy solutions initially in 77 events.