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Trump aims to expand U.S. offshore drilling, despite low industry demand

Reuters  |  WASHINGTON 

By Valerie VolcoviciWASHINGTON (Reuters) - U.S. President Donald Trump signed an executive order on Friday to extend offshore oil and gas drilling to areas that have been off limits, in a move to boost domestic production just as industry demand for the acreage nears the lowest in years.The order could lead to a reversal of bans on drilling across swathes of the Atlantic, Pacific and Arctic oceans and the U.S. Gulf of Mexico that former President Barack Obama had sought to protect from development in the wake of the huge BP oil spill in the Gulf of Mexico in 2010."We're opening it up ... ...

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First Published: Fri, April 28 2017. 22:27 IST
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