What Will & Won’t Change Following Oil Spill

Wednesday, May 26, 2010

According to a May 26 report from the Associate Press, likely changes for the offshore oil and gas industry following the massive spill in the Gulf of Mexico include making permitting, inspections and equipment requirements for rigs more stringent. Lawmakers want to extract more money from the industry to help pay for any future cleanups. And insurers are bound to raise rates for underwriting this risky business. What won't change includes expanding pursuit of oil and natural gas deposits under the ocean floor. Global offshore oil output has tripled over the past decade — and it is forecast to double in the next five years. The reason is simple: the best prospects lie beneath the ocean floor.

(Source: Associate Press)
 

Maritime Today


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

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

News

Helsinki, Tyumen State Universities to form Arctic station

Within the framework of the international project Reeh, Tyumen State University in cooperation with the University of Helsinki are planning to create a unique Arctic observation stations.

HMAS Melbourne Returns

Royal Australian Navy frigate HMAS Melbourne is returning home to Australia after completing more than 50 boarding operations and seizing almost a tonne of heroin during a Middle Eastern deployment.

Nautilus, Metro Move to New HQ in Long Beach

After more than 92 years of operating from various locations in Wilmington, Calif., Nautilus International Holding Corp., along with its subsidiaries Metro Ports,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics 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: 0.0870 sec (11 req/sec)