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 July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

BG Group Starts up Sixth FPSO in the Santos Basin

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the

BG Awards Fugro MBES, Seabed Coring Contract

Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder (MBES) survey and seabed coring campaign

Jonathan Appointed LOC Group's London MD

In line with LOC’s continual global growth and strengthening of the senior management team,  Britain has been appointed as Managing Director of the London operation.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.2153 sec (5 req/sec)