Transocean Ltd. (NYSE: RIG) (SIX: RIGN) reports that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig. read more
NOIA Applauds House Passage of the Offshore Energy & Jobs Act
For Immediate Release: Friday, June 28, 2013
Contact: Nicolette Nye, (202) 465-8463, nnye@nullnoia.org
NOIA Applauds House Passage of the Offshore Energy and Jobs Act
Urges Senate to Pass Similar Legislation
Washington, D.C. – NOIA President Randall Luthi today issued the following statement applauding passage of the Offshore Energy and Jobs Act:
“The passage of the Offshore Energy and Jobs Act by the House of Representatives shows that promoting the safe development of home grown energy is an issue that can reach across party and state lines. The House and particularly Chairman Doc Hastings are to be congratulated on passing a measure that is a key part of our Nation’s ability to supply 'all of the above energy' and reduce our need for oil imports.
“Opening up more of our Outer Continental Shelf to energy exploration makes good sense and even better cents, adding thousands of domestic jobs and potentially billions of dollars in state and Federal revenues. In addition, government estimates show that these offshore areas could provide enough oil to power 65 million cars for 60 years and enough natural gas to heat 60 million homes for 160 years. Oil and natural gas, coupled with increased nontraditional offshore resources such as wind make the offshore region a vast energy frontier ready to be tapped for of the benefit of all.
“NOIA applauds the efforts of two amendments in particular. With adoption of the Rigell amendment on Atlantic seismic surveys, the bill encourages safe, science-based data collection on the size and location of potential offshore resources. With the Flores amendment curtailing implementation of ocean zoning, the bill eliminates unnecessary additional levels of bureaucratic oversight.
“As important as the passage of this bill is, America needs to continue to move forward in its quest for energy reliability and security. The Senate should take up and pass similar legislation this calendar year and give the President the opportunity to support a broad based energy policy that continues the trend away from reliance on foreign imports and towards more jobs, energy and economic security.”
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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 about 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.
NOIA Hails Passage of OCS Transboundary Hydrocarbon Agreements Authorization Act
For Immediate Release: Thursday, June 27, 2013
Contact: Nicolette Nye, (202) 465-8463, nnye@nullnoia.org
NOIA Hails Passage of OCS Transboundary Hydrocarbon Agreements Authorization Act
Washington, D.C. – NOIA President Randall Luthi today issued the following statement hailing passage of the Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act:
“NOIA congratulates the House of Representatives for passing the Outer Continental Shelf Transboundary Hydrocarbon Agreements Authorization Act. This bill demonstrates the vision of many leaders, including Chairman Hastings and Congressman Duncan, toward working with our great energy partner, Mexico, in providing a path forward for cooperative and safe development of oil and natural gas in the deepwater Gulf of Mexico, as endorsed by the Obama administration. Working with Mexico, much like working with our Canadian neighbors to the north, establishes economic stability and growth, further strengthening ties with two of our largest trading partners. In the end, it means more energy security, more jobs and more economic benefit for both countries. We strongly urge the Senate to follow suit.”
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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 about 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.
Revised Policies on Rigs to Reefs are a Step in the Right Direction
For Immediate Release: Wednesday, June 26, 2013
Contact: Nicolette Nye, (202) 465-8463, nnye@nullnoia.org
Revised Policies on Rigs to Reefs are a Step in the Right Direction
Washington, D.C. – NOIA President Randall Luthi today issued the following statement regarding BSEE’s Rigs to Reefs Interim Policy Document:
“The Interim Policy Document provides welcome additional flexibility to both industry and government agencies as they jointly identify and evaluate suitable structures to serve as continuing havens to thriving marine ecosystems following the end of oil and gas production. This is a great example of the progress that can be made when industry and regulating agencies communicate with each other. It is gratifying to see government and industry come together to cooperatively and responsibly address this complex and important environmental issue. The policy revisions are a step in the right direction for the responsible and environmentally conscious use and subsequent reuse of the oil and gas infrastructure located in the Gulf of Mexico. We appreciate the opportunity to work with BSEE, BOEM and other stakeholders in shaping this document, and look forward to further refining the process, particularly concerning better use of toppled structures on a case-by-case basis, and what additional materials can be left on structures as we work through decommissionings, rigs to reefs, and special artificial reef sites.“
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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 about 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.
A U.S. production soars, oil companies eye far horizons
Posted on June 18, 2013 at 12:01 am by Harry R. Weber in Beaumont, featured, Offshore
Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are taking drillers, engineers, geologists and services firms to Brazil, the Arctic, Africa, Australia and parts of the Middle East and Asia...
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