B.C. Seeks End to Offshore Drilling Ban

Friday, April 21, 2006
British Columbia's government is pushing to end a nearly four-decades-old ban on offshore oil and natural gas drilling to encourage exploration, Bloomberg reported. Fields off Canada's westernmost province's shores hold as much as 10 billion barrels of oil and 40 trillion cubic feet of natural gas, according to government estimates. It could be the biggest offshore reserves for any province based on these estimates, topping Newfoundland on the east coast. British Columbia is working to get a federal and provincial ban lifted. Talks with the former Liberal Party government started four years ago with limited progress. The province will now negotiate with the new Conservative Party government of Stephen Harper, a native of the oil-rich province of Alberta. The bans were imposed to prohibit tanker traffic on the channel between British Columbia and Vancouver Island. Federal and provincial governments were close to lifting the ban in the late 1980s. Talks were shelved after the Exxon Valdez tanker struck a reef off the Alaska coast, spilling about 40 million liters of crude oil into the Pacific Ocean near British Columbia in 1989. British Columbia would be able to reap royalties from its natural resources similar to Alberta and Newfoundland and Labrador if companies were allowed to pursue exploration. (Source: Bloomberg)
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

IMTRA Announces Exclusive Sola-Cure Distributor Partnership

IMTRA announced today through its exclusive North American distributorship of Sola-Cure shades — its line of customizable, high-quality and comprehensive solutions

Swiber Gains $405.6 mi Contracts

Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts,

Offshore

SAL Heavy Lift Performs Offshore Windfarm Work

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone.

JIT Transit Slots Reduced at Panama Canal

The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog,

Swiber Gains $405.6 mi Contracts

Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Sonar
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: 0.2428 sec (4 req/sec)