House panel approves offshore drilling legislation

A U.S. House of Representatives panel voted to approve the Offshore Energy and Jobs Act.

A U.S. House of Representatives panel voted to approve the Offshore Energy and Jobs Act, introduced by the Natural Resources Committee involving the expansion of offshore oil exploration in federal waters in the Atlantic and Pacific oceans, according to a recent report by Bloomberg. If the bill receives final approval from the Senate, California would see an increase in oil production by using existing platforms while leases for drilling offshore Virginia and South Carolina would be offered.

The act also modified changes made by the U.S. Department of Interior regarding leasing and drilling oversight after the 2010 Deepwater Horizon oil spill.

The same House committee passed the National Petroleum Reserve Alaska Access Act, which allows for the sale of oil and gas leases in Alaska. A third bill, the Young's Native American Energy Act, was approved by the committee to change the laws regarding energy resource development on Indian trust land. That bill, Offshore Technology said, is expected to place restrictions on environmental reviews for certain tribal energy projects by the government.

Learn more about active offshore drilling rigs in the United States in PennEnergy's research area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs