The decision by US President Joe Biden to approve a major oil drilling project in Alaska has boosted the prospects of the tailor-made fleet of the Overseas Shipholding Group, chief executive Sam Norton told investors on Monday.
In March last year, Biden approved a version of ConocoPhillips’ $7bn Willow project putting US operators in pole position to exploit the extra 250,000 barrels per day production from the Alaskan region by 2027, Norton said.
