Archives for June 2014

NOIA Applauds Passage of HR 4899 Supporting More Offshore Energy

by

For Immediate Release: Thursday, June 26, 2014

Contact:  Nicolette Nye, (202) 465-8463, nicolette@nullnoia.org

 

NOIA Applauds Passage of HR 4899 Supporting More Offshore Energy Development

 

Washington, D.C. – National Ocean Industries Association President Randall Luthi today issued the following statement applauding passage of HR 4899:

 

“I applaud the House of Representatives and particularly Natural Resources Committee Chairman Doc Hastings on the bi-partisan passage of the Lowering Gasoline Prices to Fuel an America that Works Act.  It is safe to say that Americans want lower prices at the pump and more well-paying jobs, and this measure provides for both through increased safe development of home grown offshore energy.

 

“Opening up more of our Outer Continental Shelf to energy exploration and development will create thousands of new American jobs and billions of dollars in state and Federal revenues, all while decreasing our dependence on foreign oil and increasing our domestic energy security.

 

“The Senate should take up and pass this important bill and give the President the opportunity to support a broad based ‘all of the above’ energy policy that continues the trend away from reliance on foreign imports and towards more jobs, energy and economic security.”

 

###

ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises more than 300 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.

Noble Energy acquires interest in BP Gulf of Mexico leases

by

HOUSTON — Noble Energy Inc. will acquire 50 percent of BP’s interest in 17 Gulf of Mexico exploration leases, the Houston-based oil and gas announced Monday.

Noble Energy’s announcement did not say how much the company will pay for its stake in the leases, and a spokeswoman did not immediately respond to phone calls. A BP spokesman declined to reveal the deal’s price tag.

“As part of BP’s commitment to the region, where it is the largest investor and leaseholder, we look forward to working together to explore potential opportunities within these assets in coming years,” BP said in a statement.

Full Story at FuelFix

NOIA Statement: The Next Five Year Plan

by

For Immediate Release: Friday, June 13, 2014

Contact:  Nicolette Nye, (202) 465-8463, nicolette@nullnoia.org

 

Statement of NOIA President Randall Luthi on the Next 5-Year OCS Oil and Gas Leasing Program

 

Washington, D.C. – National Ocean Industries Association President Randall Luthi today issued the following statement regarding the initial step in the development of our nation’s next federal offshore oil and gas leasing program:

 

“Today’s announcement from the Bureau of Ocean Energy Management is a long anticipated first step towards what could mean more jobs, energy and revenue to the people of the United States.

“The current Five-Year Program that expires in 2017 included no new access, and  has put the U.S. far behind many other nations that are actively pursuing offshore oil and natural gas energy development – – particularly in the Atlantic basin and the Arctic.  Canada, Mexico, Venezuela, Brazil, Norway, Russia, Cuba and West African nations are examples of countries actually moving ahead with Atlantic and Arctic offshore exploration and development plans.  Contrast that with the United States, where almost 87% of the outer continental shelf has been off limits for decades to even geophysical and geological surveys, let alone exploratory drilling.

“The energy resources on the OCS are vital to the nation’s economic prosperity.  Allowing oil and natural gas development in federal waters in the Atlantic alone could result in as many as 280,000 new jobs, $24 billion annually to the economy, $51 billion in government revenue, and the safe production of 1.3 million barrels per day of oil and natural gas.  But frankly, these numbers likely underestimate the potential.

“Today’s action is a crucial, but still only a first, step in truly adopting an all the above energy policy. The over 300 members of NOIA look forward to working cooperatively and enthusiastically with stakeholders, including states and consumer groups, and with BOEM to provide information about what areas to include in the 2017 – 2022 Five Year Program.  NOIA will also continue to work closely with Congress on legislation to identify areas to include in the Five-Year Program that would open up new and vital areas to enhance our energy security and reliability.”

###

ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises more than 300 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.

National Ocean Industries Association
1120 G Street, NW • Suite 900
Washington, DC 20005

Phone: 202.347.6900 | Email: media@nullnoia.org