GoM Drilling Plan Advances

Thursday, March 09, 2006
Legislation that would open part of the Gulf of Mexico to offshore oil and gas exploration easily cleared a Senate committee on March 8, but could face future hurdles placed by coastal lawmakers, MarketWatch reported. The Senate Energy Committee voted 16-5 to approve a proposal to open around 3 million acres in an area known as "Lease Sale 181" to oil and gas drilling. The area is projected to hold as much as 6 trillion cubic feet of natural gas. The plan would maintain a 100-mile buffer zone between exploration activities and the Florida shore. Advocates of expanded drilling contend that high natural gas prices pose a threat to the U.S. economy through higher energy costs, particularly for electricity production. The effort has also drawn the support of farm-state and other lawmakers, who contend that higher natural gas prices are driving up costs of fertilizer and crippling chemical companies that use the fuel in their production processes. (Source: MarketWatch)
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

GAC Starts Green Hull Cleaning Operations in Oman

Oman’s Ministry of Environment and Climate Affairs has granted GAC EnvironHull permission to conduct underwater hull cleaning operations using the brush-and-diver-free

Ensco plc Reports 3Q, 2014 Results

Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Fukushima Experimental Offshore Floating Wind Farm Project Update

A consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United,

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.1281 sec (8 req/sec)