“We’ve seen numerous examples of regulatory decisions that move in the wrong direction,” said Erik Milito, API’s upstream group director. In particular, Milito singled out the Interior Department’s five-year plan for offshore energy development, which includes a dozen sales of Gulf of Mexico leases, and three auctions of drilling rights in waters around Alaska. ...
In a global marketplace, “now is not the time to impose still more requirements unless the need is indisputable,” Feldman said. “When jobs are paramount, additional regulations are not helping.”
The API also took aim at a proposed rule unveiled in May that would govern the design of wells on federal lands that are hydraulically fractured. The measure also would force companies to reveal the chemicals they use when drilling for oil and natural gas on public lands.
Read the story here.
Meanwhile, closer to home, Louisiana Oil and Gas Association President Don Briggs, an ABiz contributor, echoed some of those sentiments and took a jab at U.S. Rep. Jeff Landry for his Stand-By-Vessels amendment. In his latest column, "Proposed Legislation: Terrible For Oil Gas Industry," Briggs writes:
The Gulf of Mexico is the oil and gas hub for the Western Hemisphere with several thousand platforms standing at any given time. As with any industry, safety is of utmost concern. When a platform is built in the Gulf, there are safety concerns for human life, aquatic life, the environment and the Gulf of Mexico itself, to name but a few. However, certain legislation is being proposed in the U.S. Congress that would be detrimental to the oil and gas industry and have a stifling financial impact on Gulf of Mexico drilling activity – Section 608 of the U.S. Coast Guard Reauthorization Bill, also known as H.R. 2838.
Congressman Jeff Landry, R-LA, recently amended the bill in the House before passing it on to the Senate. Landry’s House amendment includes Section 608 which is language regarding the use of Stand-By-Vessels. The language requires Stand-by Vessels to be located within three miles of every manned oil and gas platform facility in the Gulf of Mexico, including mobile offshore drilling units. This requirement would increase costs to oil and gas operations in the Gulf of Mexico by hundreds of millions of dollars.
The alleged intention of Landry’s amendment of this bill is to improve the "safety" of offshore workers by adding these so-called Stand-By-Vessels. However, the oil and gas industry does not agree with this notion. A recent report by the Bureau of Safety and Environmental Enforcement stated that from the period of 1996 – 2009, there were only three fatalities that were related to hypothermia in the Gulf of Mexico. During this same timeframe, the industry voluntarily reported 1.04 billion man-hours equating to a workforce with an annual average of over 35-thousand personnel.
The industry is projecting that an additional 150-200 vessels would be needed to meet the Stand-By language requirements. Also, additional personnel would be required to operate the additional vessels. All in the name of safety, adding these Stand-By Vessels and personnel would not increase safety, but exponentially increase cost to the oil and gas industry by several hundred million dollars.
Regulations already exist using the most efficient technology that is designed specifically to protect offshore workers, and the regulations have been deemed adequate by the regulating bodies. Reports like the BSEE document and historical incident data do not show a need for such an onerous requirement like the Stand-By language pursues.
The Senate has now voted on the bill, passing it out without language regarding Stand-By-Vessels. However, this issue is far from dead. The bill can potentially go before a Conference Committee where the final language would be decided, but this will most likely not happen until after the November elections. If this Stand-By language were to be added in the Conference Committee and passed within the reauthorization bill, the outcome would be stifling for the oil and gas industry and its future production and success.
As the country is already trying to recover from the worst recession since the Great Depression, it is vitally important that the U.S. Congress not create barriers that prevent energy and economic development within the Gulf of Mexico region.
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
It would be an understatement to say Schumacher Group had a challenging year in 2013.
Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
One year later, is his expansion plan paying off?
Newspaper industry insiders question John Georges’ expansion plan.
How the U.S. has gotten itself into another fine mess
The Heymann Center was transformed into a culinary adventure in mid-June for the EatLafayette kick-off event, A Taste of Lafayette, and for the third consecutive year, a sellout crowd filled the Cajundome Convention Center June 19 to hear LEDA chief Gregg Gothreaux’s State of the Economy report.
A look at recent hirings, promotions and other announcements from Acadiana's business community.
Anne Pyle puts a bow on a stellar, expectations-defying career with her latest venture.
The company currently has 10 branches throughout Louisiana, including an Ambassador Caffery location which opened last year.
Lawmakers have added $15 million to the attorney general's budget to pay for Louisiana's ongoing legal case against BP for damages caused by the 2010 Gulf oil spill.
The state's jobless rate rose to 5 percent in June from 4.9 percent in May. Louisiana's unemployment rate was 6.4 percent in June 2013.
Long-established private club opening special events venue in failed women’s store at Kaliste Saloom Road and Camellia Boulevard.
High-dollar legal teams are preparing to spar in federal court over the regional levee authority’s historic lawsuit against oil and gas companies, but a panel of volunteers could preempt those efforts when they meet in August.
May sales, the highest on record for the month at $534 million, increased 6.1 percent over May 2013.
Trendy Shi Shi is heading to the Ranch, longtime retail institution Partners’ Ltd. is relocating to Parc Lafayette, and ariel artist haven Vertical Barre is moving downtown.
There’s another debit/credit card scam making the rounds — the second this year — this time via a robo call purportedly from MidSouth Bank.
The 2014 Louisiana Annual Sales Tax Holiday exempts the first $2,500 of the purchase price of each eligible item for non-business use when the customer buys and accepts delivery of eligible property or places property on layaway.