NOIA Encouraged by Court Decision on Drilling Moratorium

Thursday, June 24, 2010

The National Ocean Industries Association (NOIA) said it is encouraged by the June 22 decision in Federal court in New Orleans. The association said Judge Martin Feldman’s ruling means that, from this point forward, more attention must be paid to the rule of law and that the Administration must fully consider the economic impacts of its blanket moratorium on offshore drilling operations. The lawsuit’s success underscores that federal decisions must be made on the basis of demonstrable proof that ongoing operations pose some risk, not on the simple political expediency of declaring a stop work order. Since the 33 deepwater drilling platforms were closely re-inspected after the Deepwater Horizon accident and deemed safe to continue their work, there remains no basis for maintaining a ban on drilling operations, NOIA said.

This decision also recognizes that the Administration’s outright ban imperiled tens of thousands of jobs in the Gulf region, potentially delivering a blow to the region’s economy. Each idled deepwater drilling rig would result in a loss of approximately 1,400 direct and indirect jobs, for a grand total of 46,200 jobs lost.  If left in place for months, the resulting job loss in the region could reach twice that amount as the layoffs and loss of revenue have a cascading effect throughout the economy. 
 

Maritime Today


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

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

Legal

Seaway Stakeholders File Suit Against US Coast Guard

Ports and vessel operators challenge what they call “flawed pilotage fees”   A coalition of U.S. Great Lakes ports, vessel operating companies and maritime trade

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Striking Port Workers Protest Greek Port Sales

Greek port workers walked off the job for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports,

Offshore

EU Ships in Libyan Waters Would Undermine Tripoli Govt

The U.N.-backed government in Libya has not invited European ships into its territorial waters to help stop people smuggling because this could harm efforts to

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics 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: 0.0732 sec (14 req/sec)