NOIA President Comments on Senators' Proposed Offshore Revenue Sharing Bill

Press Release
Wednesday, March 20, 2013
Photo: NOIA

National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement commenting on the proposed offshore revenue sharing Senate Energy bill:

“NOIA thanks Senators Murkowski and Landrieu for continuing their visionary leadership on the revenue sharing issue by offering this bill. NOIA has long advocated revenue sharing as fair and equitable treatment for coastal states supporting responsible offshore oil and gas exploration and development.
 
Allowing all coastal states to share in prospective future revenue from both traditional and renewable offshore energy activities is sound public policy. However, steps must be taken to ensure that lease sales are actually conducted in new areas where they’re currently prohibited or else the revenue is merely theoretical.
 
NOIA is grateful for Senators Murkowski’s and Landrieu’s long-standing support for such new access and looks forward to working with them and other committee members in hopes of marrying this bill with concrete access provisions to make coastal state revenue sharing a reality.”

www.noia.org
 

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

Energy

Rio Tinto Pulls Plug on Mozambique Coal Venture

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending

Iraqi Kurdish Pipeline Stopped; Tanker in Limbo off Texas

Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the

MOL Ship Management Earns Energy/Enviromental Certifications

First company to receive ISO50001 certification from Nihon Kaiji Kyokai.   MOL Ship Management Co., Ltd. (MOLSHIP), a core ship management company in the corporate group headed by Mitsui O.

Government Update

US Blacklists North Korean Shipping Firms

The United States on Wednesday blacklisted two North Korean shipping firms, Chongchongang Shipping and Ocean Maritime Management, following a similar move by the United Nations.

USACE Gets Bird’s-eye View of Houston Ship Channel Growth

The 53rd U.S. Army Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers, Lt. Gen. Thomas P. Bostick, visited the Port of Houston Authority

UN Places Sanctions against North Korean Shippers

The United Nations Security Council has imposed sanctions on the North Korean shippers that operate the vessel Chong Chon Gang, seized by Panama in July 2013 for

Offshore Energy

Total E&P is First to Use FROG-XT4

Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device

Russia, China May Develop Floating Nuclear Power Plants

Russia and the world's top energy user China may jointly develop six floating nuclear power plants (NPPs), Russia's nuclear export body said on Tuesday, a further

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.1373 sec (7 req/sec)