Epa Suspension News

EPA Banning of BP Contracts: NOIA & IADC Comment

NOIA and IADC see broad, far reaching negative Impacts from EPA suspension of BP from US Government offshore contracts. The national trade associations, the National Ocean Industries Association (NOIA) and International Association of Drilling Contractors (IADC) consider that banning BP from bidding in future offshore lease sales could have a hugely negative ripple effect on drilling contractors and the rest of the offshore industry as well as the Gulf region, and even the Federal government. The offshore oil and gas industry, which is based almost entirely in the Gulf of Mexico, supported over 200,000 American jobs in 2010 and contributed nearly $80 billion in revenues to the Federal government from 2001-2010.