News
Oil price extends drop below $50
By Laura Barron-Lopez - 01/06/15 08:29 AM EST The price of oil extended its decline on Tuesday with both Brent and U.S. crude oil benchmarks trading at their lowest levels since 2009. The continued decline follows a plummet in oil prices on Monday, the Wall […]
Oil companies slow spending at rapid pace
Crude production, though, unlikely to slow and will keep prices low By Chris Tomlinson | January 2, 2015 Oil company executives are finally heeding the advice T. Boone Pickens gave back in October: Stop drilling. The rig count is dropping at a precipitous pace, capital […]
New Senate chairmen aim to undo Obama’s policies
Posted on January 5, 2015 at 7:02 am by Associated Press WASHINGTON — Republican senators poised to lead major committees when the GOP takes charge are intent on pushing back many of President Barack Obama’s policies, setting up potential showdowns over environmental rules, financial regulations […]
GOP prepares Keystone blitz
By Laura Barron-Lopez Republicans are putting the Keystone XL pipeline at the top of the agenda as they seek to move a stack of legislation to President Obama’s desk in 2015. Incoming Senate Majority Leader Mitch McConnell (R-Ky.) has promised that a vote on approving […]
NOIA Comments on New BOEM Director
For Immediate Release: Thursday, December 18, 2014 Contact: Nicolette Nye, (202) 465-8463, nicolette@nullnoia.org NOIA Comments on New BOEM Director Washington, D.C. – National Ocean Industries Association President Randall Luthi today issued the following statement regarding selection of Abigail Hopper as Director of the Bureau of Ocean Energy […]
Louisiana stands to gain more than 31,000 jobs
WASHINGTON, DC, Nov. 19 11/19/2014 By Nick Snow OGJ Washington Editor Offshore oil and gas leasing in the eastern Gulf of Mexico and on the US Atlantic and Pacific coasts could create more than 838,000 American jobs and raise more than $200 billion in revenue for […]
Louisiana would get big economic boost from eastern Gulf of Mexico drilling, report says
By Jennifer Larino, NOLA.com | The Times-Picayune on November 20, 2014 at 1:05 PM, updated November 20, 2014 at 9:46 PM Louisiana stands to gain more than 31,000 jobs and nearly $344 million per year in new state revenue over the next two decades if […]
Rigzone- Studies Highlight Job, Economic Potential of Expanding US Offshore Leasing
by Karen Boman| Rigzone Staff| Wednesday, November 19, 2014 The United States could create almost 840,000 jobs and generate more than $200 billion in government revenue by opening the eastern Gulf of Mexico and U.S. Atlantic and Pacific Outer Continental Shelf (OCS) to offshore oil […]
Marine Technology- Study: US Offshore Holds Huge Untapped Potential
Posted by Eric Haun November 19, 2014 New studies show huge economic and energy potential of untapped offshore areas Two new studies released today by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits […]
Bloomberg: Opening Areas for Offshore Drilling Would Add Output
By Dan Murtaugh Nov 19, 2014 10:30 AM ET Opening the eastern Gulf of Mexico and the Pacific Ocean outer continental shelf would add 2.2 million barrels of oil equivalent a day to U.S. production by 2035, the American Petroleum Institute said in a report. Allowing […]
