API Wants US to Open up More Offshore Acreage
through our fingers if the government keeps 87 percent of offshore waters closed to oil and natural gas leasing. “Studies show we could create 840,000 new jobs and raise more than $200 billion for the government if oil and natural gas development is allowed in the Atlantic, Pacific and Eastern Gulf of Mexico. “By ignoring major energy-rich areas, the administration is turning its back on American workers. In the Atlantic, the government proposed just one lease sale for the next five-year cycle. Secretary Jewell was quick to say even that may be canceled. Exploration and production in
Study: US Offshore Holds Huge Untapped Potential
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 to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development. Both studies were conducted by Quest Offshore Inc., which also conducted a study of the Atlantic OCS, which NOIA and API released last year. “The U.S. oil and gas industry is already
Studies Examine O&G Potential in GoM and Pacific
Two new studies by QUEST Offshore Resources, Inc. estimate the significant potential benefits – including jobs, economic activity, revenues to governments, and energy production – that could result from opening the Eastern Gulf of Mexico and the U.S. Pacific outer continental shelf to oil and natural gas leasing. The National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) will discuss the study results and the implications for energy policy in a press conference call on Wednesday, November 19, 2014 at 10:30 a.m. ET. Randall Luthi, NOIA president, and
