NOIA Applauds Passage of HR 1230

Press Release
Friday, May 06, 2011

Washington, D.C. – The National Ocean Industries Association (NOIA) congratulates the U.S. House of Representatives for the bipartisan passage today of H.R. 1230, “Restarting American Offshore Leasing Now Act.”  If enacted by the full Congress and signed into law by the President, the bill requires that federal offshore lease sales that have been delayed start up again in the Gulf of Mexico and off the east coast of the United States.

“In this time of high fuel prices, the passage of this bill sends a strong message to the American consumer that the United States is willing to make every effort to provide more reasonably priced energy and more jobs,” said NOIA President Randall Luthi.  
 
In addition to providing more domestic energy, lease sales also provide billions of dollars in revenue to the Federal government each year, second only to federal revenues paid by the American taxpayer.   For example, in 2008 offshore oil and gas producers paid $9.4 billion in bonus bids and more than $1 billion in 2009.

On top of the environmental reviews conducted prior to a particular lease sale, additional environmental analysis will occur as plans are developed for actual exploration and production.

“Our member companies, which represent the full spectrum of offshore energy development, strongly support the passage of this bill which will provide thousands of American jobs and a more reliable, secure and homegrown source of energy,” said Luthi.
 

Source: www.noia.org

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program,

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1578 sec (6 req/sec)