U.S. Suspends 36 Offshore Licenses, Orders Review

Tuesday, November 16, 1999
The U.S. Interior Department suspended 36 oil leases in California's offshore waters and ordered a review of the impact the drilling would have on the environment. The environmental reviews on each lease will reportedly take 18 to 45 months. A department official said that the decision reflects a commitment to protect California's marine and coastal environment. Many California residents oppose offshore drilling, remembering the 1969 oil spill off Santa Barbara that spoiled miles of beach and killed hundreds of birds. Because the oil companies holding the leases are planning new or revised oil exploration, development and production activities, no drilling can take place until the environmental impact analysis is finished, the companies' drilling plans are made public, and the drilling is deemed consistent with California law, officials said. Oil firms paid more than $1 billion two decades ago for the right to drill on the leases, located off Ventura, Santa Barbara and San Luis Obispo coastal counties in Southern California.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
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: 0.1572 sec (6 req/sec)