"The Obama administration on Thursday finalized rules that will require companies to have strict safety and environmental protection plans in place before they drill for oil or natural gas in the Arctic Ocean.
The new regulations do not expressly prohibit drilling in the Arctic, but they require companies to submit detailed plans for how they will drill safely and respond to oil spills and other emergencies. In part because of an extended slump in global oil prices, and also because of major setbacks to prospects for drilling in the Arctic, the industry has largely steered clear of plans to drill in the area recently.
But that doesn’t mean companies won’t seek to drill there in the future. Thursday’s rules specifically cover drilling in the Chukchi and Beaufort Seas, to the northwest and north of Alaska, respectively."