Sunday, 27 May 2018

Company Updates

NOIA Welcomes DOD Report on Eastern Gulf of Mexico Operations

NOIA welcomes the report on Preserving Military Readiness in the Eastern Gulf of Mexico, which not only provides a template for future coordination and consultation between the Department of Defense (DOD) and the Department of the Interior (DOI), but also is a starting point for a productive and cooperative relationship between the offshore energy industry and DOD.

NOIATagline 2 color RGB copyThe report shows there is a lot of ocean out there and while there will be devils in the details, the overall message from the Pentagon should be interpreted as cooperation and coordination. In addition, as companies are allowed to explore and evaluate oil and natural gas plays, it is likely that areas of high potential will be more clearly defined and thus allow for additional military operations.

“The report identifies areas in the Gulf of Mexico where energy development activities can occur and as importantly, the very limited areas where DOD recommends they cannot. Military operations and energy development have co-existed and thrived in many areas in the Gulf of Mexico for decades under a 1983 Memorandum of Agreement between DOD and DOI, as evidenced by the roughly one-third of current Gulf leases including military training stipulations and restrictions. The report concludes that, with similar stipulations and restrictions mutually agreed on by DOD and DOI, critical military operations and essential energy development can co-exist and thrive in the eastern Gulf of Mexico as well.”

Related News

GE Signs $84 Million Agreement with PEMEX for Deepwater

GE Oil & Gas (NYSE: GE) has signed an $84 million agreement with PEMEX Exploration and Productio

GE Power Conversion to Power, Propel and Position Hornb

GE’s Power Conversion business (NYSE: GE) announces it has been awarded a contract by the Eastern Sh

New NOAA Report Examines National Oil Pollution Threat

NOAA has presented to the U.S. Coast Guard a new report that finds that 36 sunken vessels scattered

Wood Group PSN first with Hess in Gulf of Mexico

Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation's Baldpate

New Insight on Gas Hydrates in Gulf of Mexico

Research is Part of a Long-Standing, Interagency Collaboration Scientists have returned from a 15‑d

Subsea 7 Awarded Contract Offshore Mexico

Subsea 7 S.A. (Oslo Børs: SUBC) announces a contract award by Pemex to its Mexican joint venture val

Stay Up To Date

Enter your first name and email, subscribe to our newsletter and stay informed!
Invalid Input

Invalid email address.

We aim to keep you updated weekly with relevant information concerning the Offshore Energy Sector.

Corporate Offices

Technology Systems Corporation
7897 SW Jack James Dr. Suite A
Stuart, FL 34997

Phone: +1 772.221.7720