House Panel Passes Gas Exploration Bill

Monday, February 13, 2006
A proposed state energy bill that supports oil and natural gas exploration off the Virginia coast was approved by a House subcommittee, lending more momentum to advocates seeking to lift an offshore drilling ban. The U.S. Department of the Interior targeted Virginia because of its willingness to entertain renewed offshore activity. Most other coastal states, including North Carolina, have said they want to leave the moratorium in place, imposed in 1990 because of environmental concerns. Anti-drilling lobbying groups said the proposal is all about leverage and that the oil industry of using Virginia to break the coastwide moratorium so that richer reserves off New England and North Carolina’s Outer Banks might be accessible. The state energy bill, sponsored by Sen. Frank W. Wagner , R-Virginia Beach, and Del. L. Scott Lingamfelter , R-Prince William, so far has moved easily through the House and Senate with only minor changes. After being approved 5-0 by a House subcommittee, it will be considered by the House and Senate finance committee. If the bill passes there, it will move to floor debate and votes. (Source: The Virginian Pilot)
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: Gencorp Insurance Group

The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean.

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

MN 100: Bouchard Transportation

The Company: Bouchard Transportation’s history dates back to its incorporation in 1918 by founder, Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York.

Energy

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Oil Plunge Deepens High-yield Gloom

US crude fell to a more than six-year low this week, clouding the picture for a high-yield energy sector that already faces a significant cull when credit lines are reevaluated in autumn.

Tropical Storm Erika Heads for Florida

Tropical Storm Erika lashed Puerto Rico and the Virgin Islands with heavy rain and fierce winds on Friday, moving across the Caribbean and apparently heading for the Dominican Republic,

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority 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: 0.1512 sec (7 req/sec)