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

News

PES to Begin Operating Benzene Terminal in November

Philadelphia Energy Solutions plans to start operating a new benzene offtake terminal next month at its 335,000-barrel-per-day refinery in Philadelphia, two people familiar with the plans said.

Coast Guard Foundation to Honor USCG in Miami

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Sunken Barge Salvage Stops Traffic on Chicago River

The U.S. Coast Guard said it is restricting vessel traffic on the Chicago River to allow for salvage of a sunken barge. All cargo has been removed from the sunken

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Salvage Shipbuilding / Vessel Construction 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: 0.4251 sec (2 req/sec)