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

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs