Posted March 31, 2015
There are a number of main points in official comments submitted by API and seven other energy industry groups to the federal Bureau of Ocean Energy Management (BOEM) on its draft offshore oil and natural gas leasing program for the 2017-2022 time period.
Given how much offshore acreage was excluded from the proposed draft, BOEM should not remove any areas proposed in the draft from the final lease plan, the associations write. The government is missing key opportunities to harness U.S. offshore energy in the Atlantic, eastern Gulf of Mexico and off Alaska, as other countries are implementing robust offshore development programs. Energy development on the outer continental shelf (OCS) would generate significant job and economic benefits to the U.S., and industry continues to press ahead with technological, safety and environmental protection improvements – all designed to foster increased safety in offshore operations.
The comments are among those being collected by BOEM before it finalizes the five-year leasing program later this year. The leasing plan is a blueprint for offshore development; areas not listed in it won’t be offered for lease 2017 to 2022. Given the 10 to 15 years needed to develop offshore oil and natural gas – from the time the lease is sold to production – the federal plan is critically important.
Posted March 12, 2015
Oil and natural gas industry groups joined by environmentalists and anti-hunger groups have joined forces to outline concerns with the Renewable Fuel Standard (RFS) and to ask Congress to repeal or significantly reform the program with its ethanol mandates.
Posted February 20, 2015
Posted February 11, 2015
Posted January 29, 2015
oil-and-natural-gas-development safe-operations leasing-plan offshore-drilling economic-benefits atlantic-ocs gulf-of-mexico alaska pacific-outer-continental-shelf-ocs interior-department boem federal-leases
Posted January 28, 2015
Three maps, two views of America’s offshore energy wealth.
One reflects vast offshore oil and natural gas resource potential – nearly 50 billion barrels of oil and more than 200 trillion cubic feet of natural gas. We say potential because these areas represent the 87 percent of America’s federal offshore acreage that has been closed to exploration and development, dwarfing the areas where development is allowed.
Nonetheless, what’s visible is the profile of an offshore energy giant, an offshore superpower. This is energy muscle waiting to be flexed. These are resources that could benefit Americans in terms of energy security, as more oil and natural gas is safely and responsibly produced right here at home, as well as job creation and economic stimulus.
That’s what energy superpowers do. They develop their resources to increase their security in a world where secure energy is fundamental to overall security. They develop their resources to fuel economic growth and to help ensure the prosperity of their citizens.
Posted January 26, 2015
Posted January 23, 2015
This year, he acknowledged rising U.S. oil production and the benefits of cheap energy that have come with it, and then he made a backhanded reference to the Keystone XL pipeline.
In calling on both parties to support the infrastructure projects such as “modern ports, strong bridges, faster trains and faster internet,” he then encouraged lawmakers to pass a bipartisan infrastructure plan by saying: “So let’s set our sights higher than a single oil pipeline.”
Certainly, the Keystone pipeline has become a far greater political punching bag than a meaningful piece of infrastructure. Environmentalists have greatly exaggerated its role in climate change, and Republicans in Congress are now determined to push through legislation supporting it almost out of spite for the administration’s foot-dragging on a decision.
Posted October 31, 2014
Fox News:Why is the White House Delaying the Keystone XL Decision?
Read more: http://bit.ly/1pbMGbR
Posted July 16, 2014
Tyler (Texas) Morning Telegraph: VME Fabricators plans to double its Tyler workforce by year’s end and has surpassed goals set a year ago when the city and county agreed to tax abatements, representatives announced on Monday.
VME Fabricators is a new operating division and subsidiary of VME Process Inc., an international business based in Tyler. It provides offshore oil and gas separation and processing products.
VME Fabricators, which now has more than 50 employees in Tyler, was founded to serve onshore production needs for customers in the United States, providing module and pipe fabrication services. Its first orders will be shipped out in August, officials said in a prepared statement.
“As the domestic oil and gas market continues to grow, so will VME as we gain onshore market share and loyalty with customers needing reliable fabrication services,” Greg Jean, vice president and general manager of VME Fabricators, said in an email.