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 Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Offshore

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Nordic Yards Delivers 'Wind Server'

Nordic Yards officially handed over the offshore service vessel to the Danish company DBB Jack-Up Services A/S. During the handover ceremony, the ship was named ‘WIND SERVER’.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.2654 sec (4 req/sec)