As US President Joe Biden announced the ban on new offshore oil and gas development along most US coastlines in the closing weeks of his term in office, a US-based energy research firm said that President-elect Donald Trump would not be able to reverse Biden's action.&nbsp;
ClearView Energy Partners Director of Research Kevin Book told Newsweek, "Our perception is that it can't be reversed by executive action", adding that this is not the same thing as saying that it cannot be reversed, however.&nbsp;
Biden's order comes amid Trump's pledge to "drill, baby, drill" campaign slogan. His slogan has become synonymous with his plan to boost fossil fuel production in the US and reverse climate policies aimed at reducing carbon emissions.
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Trump, while seeking reelection in 2020, withdrew waters in parts of the South Atlantic coast for 10 years. However, an earlier showdown over offshore drilling in other waters provided a test of presidential powers, Book said.&nbsp;
Biden used the Outer Continental Shelf Lands Act, a law that permits presidents to limit future drilling in federal waters.&nbsp;
Trump and Biden, both have used the law in their terms, to temporarily withdraw offshore tracts where drilling was environmentally damaging or politically contentious.
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Earlier, Barack Obama also withdrew large stretches of waters from drilling. But, in 2017, Trump issued an executive order to reverse Obama's action and restore future drilling permits.&nbsp;
However, later, the US District Court for Alaska found that Trump did not have the authority to reverse Obama's action. But, before an appeals court heard the case, Biden took over the administration and reversed Trump's policy.&nbsp;
Noting the past actions on the law, Kevin Book noted that it would take an act of Congress to undo Biden's latest action, withdrawing federal waters from future drilling permits.
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"Congress could pass a law reopening the withdrawn real estate, and Republicans might be able to do so on a party-line basis," Book said.
<h2>Trump calls it 'ridiculous'</h2>
After Biden announced a permanent ban on 625 million acres off the US coastline, including the entire East Coast, the eastern Gulf of Mexico, the coasts of Washington, Oregon and California, and parts of the Northern Bering Sea, Trump said it is "ridiculous" and he will "unban it immediately".&nbsp;
Also read: <a href="https://www.wionews.com/world/us-congress-formally-certifies-donald-trumps-election-as-president-8597130" rel="dofollow">US Congress certifies Trump's election as president, four years after Capitol riot</a>
He further accused President Biden of doing everything possible to make the TRANSITION as difficult as possible&rdquo;.&nbsp;
(With inputs from agencies)

World: Trump and Biden, both have used the law in their terms, to temporarily withdraw offshore tracts where drilling was environmentally damaging or politically contentious.

As US President Joe Biden announced the ban on new offshore oil and gas development along most US coastlines in the closing weeks of his term in office, a US-based energy research firm said that President-elect Donald Trump would not be able to reverse Biden's action. ClearView Energy Partners Director of Research Kevin Book told Newsweek, "Our perception is that it can't be reversed by executive action", adding that this is not the same thing as saying that it cannot be reversed, however. Biden's order comes amid Trump's pledge to "drill, baby, drill" campaign slogan. His slogan has become synonymous with his plan to boost fossil fuel production in the US and reverse climate policies aimed at reducing carbon emissions. Also read: Biden bans offshore drilling across most US coastlines, Trump vows reversal Trump, while seeking reelection in 2020, withdrew waters in parts of the South Atlantic coast for 10 years. However, an earlier showdown over offshore drilling in other waters provided a test of presidential powers, Book said. Biden used the Outer Continental Shelf Lands Act, a law that permits presidents to limit future drilling in federal waters. Trump and Biden, both have used the law in their terms, to temporarily withdraw offshore tracts where drilling was environmentally damaging or politically contentious. Also read: Storm Blair hits US: Massive transport, energy chaos erupts in seven states; five dead Earlier, Barack Obama also withdrew large stretches of waters from drilling. But, in 2017, Trump issued an executive order to reverse Obama's action and restore future drilling permits. However, later, the US District Court for Alaska found that Trump did not have the authority to reverse Obama's action. But, before an appeals court heard the case, Biden took over the administration and reversed Trump's policy. Noting the past actions on the law, Kevin Book noted that it would take an act of Congress to undo Biden's latest action, withdrawing federal waters from future drilling permits. Also read: Hush money case: Judge rejects Trump’s plea to delay sentencing "Congress could pass a law reopening the withdrawn real estate, and Republicans might be able to do so on a party-line basis," Book said. Trump calls it 'ridiculous' After Biden announced a permanent ban on 625 million acres off the US coastline, including the entire East Coast, the eastern Gulf of Mexico, the coasts of Washington, Oregon and California, and parts of the Northern Bering Sea, Trump said it is "ridiculous" and he will "unban it immediately". Also read: US Congress certifies Trump's election as president, four years after Capitol riot He further accused President Biden of doing everything possible to make the TRANSITION as difficult as possible”. (With inputs from agencies)

Biden's offshore drilling ban: Why can't Trump undo it? Read to know

India's Oil and Natural Gas Corp (ONGC) on Wednesday signed a deal with global oil major ExxonMobil Corp for deepwater exploration in India's eastern and western coasts.&nbsp;

The signing of the Heads of Agreement (HoA) ends ONGC's long-drawn search for a&nbsp;global oil major to partner with in an attempt&nbsp;to quickly monetise its reserves.

India's 53 per cent basin area is offshore. However, it requires sophisticated machinery and manpower to extract the oil from such difficult terrains. ONGC is a giant in the industry but still lags in technological prowess, which Exxon is expected to bring onto the table, under the new partnership.&nbsp;

According to the stock exchange filing, ONGC and&nbsp;ExxonMobil will put their attention on the deepwater reserves in India's&nbsp;East and West coasts.

"The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. There has been a scientific exchange of exploration data in the last few years, which has led to this partnership," read the statement.&nbsp;

Read more:&nbsp;<a href="https://www.wionews.com/south-asia/indian-oil-corp-unit-to-open-50-fuel-stations-in-sri-lanka-to-battle-crisis-504839">Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to battle crisis</a>

Meanwhile, ExxonMobil India in its statement said,&nbsp;“It’s an exciting opportunity to collaborate with ONGC. Great things happen when the right people collaborate." It added that 25 per cent of the ExxonMobil brain power is currently engaged in evaluating Indian deepwater. "ExxonMobil is geared up to take this collaboration to the next level.”

It is pertinent to note that India is the world's third-largest importer and consumer of oil. More than 85 per cent of the country's oil demands are met by other countries, which puts a tremendous strain on the exchequer.

However, ever since the Russia-Ukraine war broke out, India has been purchasing cheaper oil from Russia, much to the chagrin of the western world.

Read more:&nbsp;<a href="https://www.wionews.com/india-news/why-oil-is-expensive-in-india-and-what-the-government-could-do-365515">Why oil is expensive in India, and what the government could do</a>

(With inputs from agencies) 
 
WATCH WION LIVE HERE:&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

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India's Oil and Natural Gas Corp (ONGC) on Wednesday signed a deal with global oil major ExxonMobil Corp for deepwater exploration in India's eastern and western coasts.

India's Oil and Natural Gas Corp (ONGC) on Wednesday signed a deal with global oil major ExxonMobil Corp for deepwater exploration in India's eastern and western coasts. The signing of the Heads of Agreement (HoA) ends ONGC's long-drawn search for a global oil major to partner with in an attempt to quickly monetise its reserves. India's 53 per cent basin area is offshore. However, it requires sophisticated machinery and manpower to extract the oil from such difficult terrains. ONGC is a giant in the industry but still lags in technological prowess, which Exxon is expected to bring onto the table, under the new partnership. According to the stock exchange filing, ONGC and ExxonMobil will put their attention on the deepwater reserves in India's East and West coasts. "The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. There has been a scientific exchange of exploration data in the last few years, which has led to this partnership," read the statement. Read more: Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to battle crisis Meanwhile, ExxonMobil India in its statement said, “It’s an exciting opportunity to collaborate with ONGC. Great things happen when the right people collaborate." It added that 25 per cent of the ExxonMobil brain power is currently engaged in evaluating Indian deepwater. "ExxonMobil is geared up to take this collaboration to the next level.” It is pertinent to note that India is the world's third-largest importer and consumer of oil. More than 85 per cent of the country's oil demands are met by other countries, which puts a tremendous strain on the exchequer. However, ever since the Russia-Ukraine war broke out, India has been purchasing cheaper oil from Russia, much to the chagrin of the western world. Read more: Why oil is expensive in India, and what the government could do (With inputs from agencies) WATCH WION LIVE HERE:

Indian oil giant ONGC partners up with ExxonMobil for deepwater exploration

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