EPA Banning of BP Contracts: NOIA & IADC Comment

Press Release
Sunday, December 02, 2012

NOIA and IADC see broad, far reaching negative Impacts from EPA suspension of BP from US Government offshore contracts.

The national trade associations, the National Ocean Industries Association (NOIA) and International Association of Drilling Contractors (IADC) consider that banning BP from bidding in future offshore lease sales could have a hugely negative ripple effect on drilling contractors and the rest of the offshore industry as well as the Gulf region, and even the Federal government.

The offshore oil and gas industry, which is based almost entirely in the Gulf of Mexico, supported over 200,000 American jobs in 2010 and contributed nearly $80 billion in revenues to the Federal government from 2001-2010. BP is the largest operator in the Gulf of Mexico, and its investments in the region create business opportunities for many other companies, create and sustain good jobs in the region, and generate much needed government revenue.

The feel that the timing of the EPA announcement was unfortunate, coming on the same day as the first offshore lease sale in the Administration’s new five year plan.

Although BP submitted no bids, the Federal government profited by $133 million from this week’s Western Gulf lease sale. The next offshore lease sale, scheduled for March 2013 in the Central Gulf of Mexico, is expected to bring in a much bigger take for the Federal government. NOIA and IADC, both of which count BP as a member, feel that EPA’s suspension may be overly punitive, considering BP’s diligent efforts to work with the Federal government on cleanup and restoration efforts, and given the further potential far reaching impacts of the action. They are hopeful that the offshore industry, the Gulf region, and the Federal government can benefit from BP’s participation in the upcoming Central Gulf sale and future offshore lease sales.


 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Australia Submarines: Japan Vs France

While Japan is confident it has proven itself the best contender to build Australia's new submarines, the French have moved to undermine Japan’s bid to build the navy’s new submarines.

Novoship to Install Ecochlor BWTS on 4 Tankers

SCF Novoship Technical Management has selected the Ecochlor Ballast Water Treatment System (BWTS) to be retrofitted on three Aframax Oil Tankers and one Product Carrier.

Optimarin Breaks into the Fishing Market

Ballast water treatment (BWT) specialist Optimarin has landed its first ever contract in the fishing segment. The Norwegian firm will now supply its soon to be

Offshore

ALMACO Wins Statoil Order for 450 Cabins

ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway.

Three Dead on Pemex Platform, Fire Under Control

Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control,

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction 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: 0.0797 sec (13 req/sec)