Offshore News
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New Orleans -
Back on track, oil behemoth BP announced on Tuesday it made $24 billion in 2011, and as a February 27 trial date over the 2010 Deepwater Horizon debacle approaches, the company’s lawyers are being accused of “hide-and-stall tactics.”
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London -
The Royal Dutch Shell oil spill which started last week may have leaked hundreds of tons of oil into the North Sea, but a UK government agency has issued a statement saying the oil is not expected to touch shorelines, as it will disperse “naturally.”
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Washington -
As gasoline prices continue surging almost on the same level as oil company CEO compensation packages, House Republicans late last week passed a bill that would force the White House to allow more offshore drilling.
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Halifax -
Canada's federal and Nova Scotia governments have extended the moratorium on oil and gas exploration and drilling on Georges Bank to December 31, 2015. They say the massive oil spill in the Gulf of Mexico had little to do with their decision.
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A bill introduced in the U.S. Congress targets tax cheaters and the banks who help them. It is estimated that the U.S. loses $100 billion annually to offshore tax evasion. The bill, introduced and supported by Democrats, is not supported by Republicans.
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The Democrats have decided to let the quater of a century ban of offshore drilling expire. The action will open up the Pacific and Atlantic coasts for oil exploration and drilling.
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Tuesday night the House of Representatives approved the extensive Comprehensive American Energy Security and Consumer Protection Act to relax the federal ban on offshore drilling and to expand renewable energy.
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Cape Cod has been approved by State authorities to have the first offshore wind-powered farm in the US. However, there is opposition to the project from state politicians and business leaders who have homes on Cape Code, Martha's Vineyard and Nantucket.
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Offshore Headlines
South Shields-based McNulty Offshore calls in administrators with the loss of 100 jobs.
Search begins for Cuba's offshore oil deposits
 The wife of one of the 17 offshore oil industry workers who died three years ago today when a Cougar helicopter crashed southeast of Newfoundland is renewing calls to improve offshore chopper safety in the province.
Glasgow is chosen as the headquarters of a £50m centre to develop technologies for the offshore renewable energy industry.
Harry Redknapp did not tell his accountant or bank about an offshore account for years, prosecutors claim.
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