Feeds:
Posts
Comments

Posts Tagged ‘offshore energy’

May be an image of monument, outdoors and text

Read Full Post »

On Independence Day, four keys to realizing our offshore energy potential:

  1. A national offshore oil and gas program as required by the OCS Lands Act.
  2. Industry safety and pollution prevention leadership including comprehensive data analyses, research, standards development, management programs, and internal auditing. All operators, contractors, and service companies must participate.
  3. An efficient, risk-based regulatory program that scrutinizes performance, indentifies weaknesses, and demands excellence.
  4. Cooperative programs to develop cost-effective, reliable, and safe wind and hydrokinetic energy systems.

Read Full Post »

Perhaps the congressman was “distracted” when he chose to sponsor these two bills:

No New Drilling Act of 2011: Amends the Outer Continental Shelf Lands Act to prohibit the issuance of any lease for the exploration, development, or production of oil, gas, or any other mineral on the outer Continental Shelf.

Alaska Oil Drilling Leases: To prohibit the Secretary of the Interior from selling any oil and gas lease for any tract in the Lease Sale 193 Area of the Alaska Outer Continental Shelf Region until the Secretary determines whether to list the polar bear as a threatened species or an endangered species under the Endangered Species Act of 1973, and for other purposes.

 

Read Full Post »

The tragedy in Japan has added yet more uncertainty to nervous energy markets:
Japan will likely need more imported oil and natural gas due to closures of nuclear reactors caused by Friday’s earthquake and tsunami, but volumes can’t be calculated accurately as it is unclear how much industrial output has been affected by the disaster and how long power nuclear and thermal power plants will remain closed. Wall Street Journal
It’s much too early to gauge how the nuclear power industry, which some have touted as a model for safety achievement, will be affected.
    Standards news and discussion:
    Offshore Safety Institute?
    The CEOs of major oil and gascompanies will meet March 18 to decide how to proceed with the formation of a US offshore drilling safety institute, William Reilly, the co-chair of the National Oil Spill Commission, said March 8. Platts Oilgram News
    New twist in Cuban drilling drama – Petrobras relinquishes interest
    Marco Aurelio Garcia, foreign policy adviser to President Dilma Rousseff, told reporters in Havana exploratory work off Cuba’s northern coast had not shown good results and that Brazil wanted to concentrate on its own oil fields.
    Since BP’s disastrous Deepwater Horizon accident in the Gulf of Mexico last April, the risks of offshore oil drilling have been a hot topic. One place it isn’t questioned much is Brazil, whose oil production industry is one of the fastest-growing in the world because of vast new deepwater oil reservoirs discovered in the past five years.
    Mexican Deepwater Update (Platts Oilgram News)
    Pemex has just begun to explore in Mexico’s Gulf of Mexico waters deeper than 1,000 feet, but 28 billion undiscovered barrels of oilequivalent are thought to exist in that area, some of which borders US territorial waters. Pemex officials said the company is forging a development plan for its first deepwater field, Lakach, located northeast of the state of Veracruz in about 3,200 feet of water. First production is expected in 2015.
    Environmentalists are furious at a proposal by the petroleum company Shell to start exploration drilling off one of Western Australia’s most treasured reefs. Ningaloo Reef off the north-west coast, has been nominated for World Heritage listing.

Read Full Post »

« Newer Posts