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 October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

MOL Merges Group Companies; Upgrades Bridge Simulator

MOL adds DPS and enhances safe operation by integrating expertise through merger Mitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd.

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1276 sec (8 req/sec)