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

Offshore

HHI Orders Regasification Systems from Wärtsilä

South Korean shipyard Hyundai Heavy Industries (HHI) has ordered two seawater/propane based regasification modules from Wärtsilä. The systems are to be installed

Hitachi Gas Supply System Order for MHI

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines.

Obama Defends Arctic Oil Drilling

United States' President Barack Obama defends his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean.   He insisted that there was no contradiction

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.1087 sec (9 req/sec)