Fla. Senators Fight Drilling Plan

Friday, February 17, 2006
Citing environmental concerns, Florida senators sought to scale back oil and gas drilling plans for a part of the Gulf of Mexico, hoping to push development farther from the state's coast, the Washington Post reported. But the Republican chairman and top Democrat on the Senate Energy and Natural Resources Committee indicated they would press ahead with legislation that would open more of the area to gas development at least 50 miles closer to Florida. Proponents of the exploration say the area offers the best chance for significant new natural gas production in the next five years. The bill would require the Interior Department to begin selling leases for oil and gas development in the "181 area" of the central Gulf within a year. Last week, the department said it planned to offer leases in the area beginning next year as part of its next five-year plan for offshore oil development. Elaborating on the proposal at the Senate hearing, the head of the Minerals Management Agency said the agency was starting an 18-month process toward such lease sales. Supporters add that any actual production from the area may probably be four years or five years away. The 2 million acres considered for leasing are believed to contain 930 million barrels of oil and 6 trillion cubic feet of natural gas- enough gas to heat 6 million homes for 15 years. The government's leasing plan would, for the first time, open the possibility of oil and gas development off the Virginia coast. That would happen only if Congress and the state agreed on lifting the current freeze on energy development. There is a growing movement in Congress for legislation that would allow states to seek an exemption from the drilling freeze in place for almost all coastal waters outside the western Gulf of Mexico. The 181 area is not under the freeze and Virginia officials have expressed an interest in getting out of it. (Source: The Washington Post)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

HCI Capital Renamed Ernst Russ AG

A vote was passed at the ordinary shareholders’ meeting of HCI Capital AG yesterday to change the company’s name to Ernst Russ AG. The Executive Board and Supervisory

CMA CGM to use Kingston As Transshipment Hub

French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast,

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Offshore

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

Subsea 7 Announces PLSV Swap off Brazil

Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil.   The agreement will see the Subsea-7-owned

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.0960 sec (10 req/sec)