Offshore Lease Threat Leads to Uncertainty

Friday, February 17, 2006
Gov. Kathleen Blanco's threat to block oil and gas leases off the Louisiana coast until the state gets a larger share of the revenue to restore its coast has gotten the attention of Washington, although it's uncertain whether the stand will pay off. According to the Times-Picayune, the Minerals Management Service, which oversees the drilling program, acknowledges that it must seek comments from governors of states in which it plans to bid offshore leasing arrangements. But it's uncertain whether it must honor their objections. The agency would examine any comments from Blanco or other governors but is still likely to proceed with awarding drilling rights off the Louisiana coast. The next round of leases is scheduled for August. A challenge from Blanco could end up in the courts. From there, no one is certain what will happen. Blanco and members of Louisiana's congressional delegation have said they consider a 50-50 split of the revenue a fair allocation that could provide the state with the money it needs to restore the coast and wetlands critical to providing a natural barrier against hurricanes. A combination of natural and man-made forces, including oil exploration, contributed to the loss of wetlands and coastal barriers that can reduce the strength of a hurricane. According to government estimates, Louisiana received $32 million of the $5.7 billion the government earned last year from oil and gas production off Louisiana's shore. (Source: Times-Picayune)

Offshore

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Cathelco MGPS for Latest Lamprell-built Jack-up

Cathelco will provide a marine growth prevention system (MGPS) for the latest in a series of jack-up drilling rigs to be built by Lamprell, the UAE based  leading provider of fabrication,

New System Monitors Vessel Motion, Impact

UK Electronic Solutions (part of NSSLGlobal Group), has announced Oceanic Dynamics, a new self-contained motion and impact monitoring system suited to offshore vessels.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Repair Sonar 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: 0.0783 sec (13 req/sec)