Petroleum in the United States

Obama bans future oil leases in much of Arctic, Atlantic

U.S. President Barack Obama on Dec. 20 designated the bulk of U.S.-owned waters in the Arctic Ocean and certain areas in the Atlantic Ocean as indefinitely off limits to future oil and gas leasing.

The move helps put some finishing touches on Obama's environmental legacy while also testing President-elect Donald Trump's promise to unleash the nation's untapped energy reserves.

Anadarko to Compete with Exxon Mobil Over Bulgarian Gas, Oil Expolration

One more company has expressed an interested in the gas and oil exploration opportunity now opening along the Bulgarian Black Sea coast.

After Exxon Mobil stated that it will be very much interested in the tenders in Teres and Silistar Tuesday, now Anadarko has joined the club of possible investors.

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