. Military Space News .
OIL AND GAS
House moves to hold oil, gas leases online
by Daniel J. Graeber
Washington (UPI) Sep 7, 2016


disclaimer: image is for illustration purposes only

Bipartisan leaders in the U.S. House of Representatives returned from recesses to pass a measure that would move offshore oil and gas leasing to the Internet.

The Innovation in Offshore Leasing Act, introduced to Reps. Garret Graves, R-La., and Alan Lowenthal, D-Calif., would give the federal Department of the Interior authority to hold offshore oil and natural gas leases online.

In a statement, Graves said moving the process to the Internet would increase competition and cut out some of the costs associated with holding leases in public space.

"Making government work better for people, the way it's supposed to, is a primary goal in everything we do up here, and this bill is designed with that in mind," he said.

With nearly all of the offshore oil and natural gas produced in the United States coming from the Gulf of Mexico, the federal government has characterized the area as "one of the world's most prolific hydrocarbon basins."

Randall Luthi, president of the National Ocean Industries Association, praised the measure as a common-sense way to cut federal costs.

"We have repeatedly seen that incorporating internet-based technologies are cost-effective improvements that can increase transparency and efficiency in the offshore lease sale process," he said in a statement.

Last month, the government put its latest lease sale for western parcels in the U.S. Gulf of Mexico online in real time.

The House measure could be limiting in that it offers the federal government little time to switch to an internet-based system. Moving auctions online could also sideline groups opposed to offshore oil and gas drilling.

Environmental groups last month traveled to New Orleans, the site of the latest auction, to protest by suggesting devastating flooding in Louisiana was the result of the reliance on fossil fuels.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
New genus of bacteria found living inside hydraulic fracturing wells
Columbus OH (SPX) Sep 07, 2016
Researchers analyzing the genomes of microorganisms living in shale oil and gas wells have found evidence of sustainable ecosystems taking hold there--populated in part by a never-before-seen genus of bacteria they have dubbed "Frackibacter." The new genus is one of the 31 microbial members found living inside two separate fracturing wells, Ohio State University researchers and their colle ... read more


OIL AND GAS
Lockheed Martin gets $204 million Aegis contract modification

Lockheed Martin receives $19 million THAAD contract modification

Russia touts hypersonics as ABM Killer

Lockheed Martin gets $112 million Aegis modernization contract

OIL AND GAS
Raytheon gets $24 million for Tomahawk radio and antenna

Qatar orders coastal defense system from MBDA

Raytheon/Lockheed team gets $48 million foreign Javelin missile contract

Japan eyes record defence budget to develop anti-ship missiles

OIL AND GAS
U.S. Air Force QF-4 flies final unmanned mission

Embry-Riddle Daytona Beach UAS Program Leads Nation as One of First to Begin Flight Operations

U.S., Canada ink deal for RQ-21A drone sale

Tech issues cause most drone accidents

OIL AND GAS
SES Government solutions to provide the US with a high performance network

The sky's no limit for young space professionals

Datron gets $495 million Afghan radio contract

Open Architecture opens opportunities for acquisition reform

OIL AND GAS
Lockheed Martin gets $147 million for U.S. Army trainer systems

Lithuania orders more rifles, grenade launchers

New 155mm artillery round on way

Bras, tanks and guns: Norway's women join the draft

OIL AND GAS
Raytheon sued by former employee over Afghanistan fraud allegations

S. Korea hosts arms show after N. Korea missile tests

U.S. lawmakers call for freeze on Saudi arms sale

French environment minister announces partnerships in Iran

OIL AND GAS
Airport tiff highlights US-China value gap: Obama

EU army not 'any time soon': Mogherini

Lithuania sends ammunition to Ukraine to fight rebels

EU, Turkey highlight ties, but coup differences remain

OIL AND GAS
'Helix-to-Tube,' a simple strategy to synthesize covalent organic nanotubes

Diamonds and quantum information processing on the nano scale

Lehigh engineer discovers a high-speed nano-avalanche

Silicon nanoparticles trained to juggle light









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.