Offshore Revenue Sharing Legislation Passes U.S. House

MarineLink.com
Tuesday, July 02, 2013

 The U.S. House of Representatives has passed H.R. 2231, the 'Offshore Energy and Jobs Act'.

The legislation would open new offshore areas to exploration by requiring the Obama Administration to create a new five year leasing plan for the United States’ offshore energy resources in areas containing the most oil and gas potential.  Additionally, it would create a fair and equitable offshore revenue sharing program for coastal states like Alaska.

“Once again the House of Representatives continues to lead the way when it comes to increasing domestic energy production.  Today’s legislation would expand American offshore energy development, including more leasing in Alaska’s Beaufort and Chukchi Seas,” Alaskan Rep. Congressman Don Young said.  “This bill would also provide for offshore revenue sharing for Alaska, who like other coastal states outside the Gulf of Mexico, currently receive none.  Alaska would be entitled to 37.5 percent of all revenue generated through offshore development, which could mean billions of dollars into the State treasury.”

He continued: “Last Congress the House passed similar legislation, but like most good pieces of energy legislation beneficial to Alaska, it died in the Democratic controlled Senate.  The bill that passed today received bipartisan support, and did so because it contained provisions such as allowing revenue sharing throughout the country, not just a specific state or region.  I look forward to continuing to work with my colleagues in the House to pass more energy bills that move this great nation toward true energy independence.”
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Offshore

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

OSV Technology: Notable Designs & Deliveries

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years.

News

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

Goliat FPSO in Norway

The Goliat FPSO was successfully floated off the heavy-lift vessel, Dockwise Vanguard, in the fjord outside Hammerfest, says Eni Norge    The Goliat platform has arrived in Hammerfest,

Arctic Operations

Goliat FPSO in Norway

The Goliat FPSO was successfully floated off the heavy-lift vessel, Dockwise Vanguard, in the fjord outside Hammerfest, says Eni Norge    The Goliat platform has arrived in Hammerfest,

Arctic Nations to Fight Climate Change Despite Russia Tensions

The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Rolls-Royce to Power Ice-class MPV

Rolls-Royce informs it has secured a contract to supply a power and propulsion package for an ice-class multipurpose vessel under construction at Keppel Singmarine

Offshore Energy

Falklands' Oil Drilling at Isobel Deep Suspended

Oil explorers drilling in the waters north of the Falkland Islands have suspended work on the second well of their 2015 current six-well drilling campaign after a technical problem.

Four Petrobras Platforms Halt Output Due to Oil Leak

Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them,

Huat Retires as Non-Ex Dir. of ST Engineering

Singapore Technologies Engineering Ltd (ST Engineering) today announced the retirement of Mr Quek Poh Huat as non-executive Director of the Company at its Annual General Meeting on 23 April 2015.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics 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: 0.1689 sec (6 req/sec)