Archived News - February 2016

Final Report on Economic Impacts of Well Control Rule

    The Gulf Economic Survival Team (GEST) today released its final report on the economic impact of the Department of Interior’s proposed Well Control Rule.       Economic Impacts of Federal Well Control Rule –  Full Report Feb 29 2016   Authored by global economic consulting firm Wood Mackenzie, the report confirms preliminary findings [...]

GEST Letter to OMB Administrator Shelanski on Well Control Rule

  PDF to Print/Share   February 24, 2016     The Honorable Howard A. Shelanski Administrator Office of Information and Regulatory Affairs Office of Management and Budget Executive Office of the President Eisenhower Executive Office Building 1650 Pennsylvania Avenue, NW Washington, DC 20503   Re:      February 29, 2016 Meeting: Department of the Interior, Bureau [...]

Over Control? Well Rule Fires Concern

By: Ken Stickney, The Advertiser   If implemented as proposed, the Interior Department’s Well Control Rule may slow or shut down oil and gas drilling in the Gulf of Mexico, according to a grassroots group that advocates for the industry. “It’s important we conduct further study of the finer points and practical effects of this [...]

Louisiana lawmakers attack proposed offshore drilling rules

  By:  Michael DeMocker, NOLA.com   Louisiana lawmakers lashed out at the Obama administration this week as final deliberations over new offshore drilling regulations began in Washington, D.C. Reps. Steve Scalise, R-Jefferson, and Garret Graves, R-Baton Rouge, called the proposed rules, born in the wake of the Deepwater Horizon disaster, a “de facto moratorium” on drilling and predicted [...]

Proposed federal rule costly for Gulf oil operations

By:  Ben Karkela, Energy Media Group   Exploratory drilling in the Gulf of Mexico could decline by 55 percent under a proposed federal rule, according to a new study. The proposed Well Control Rule addresses recommendations made after the Deepwater Horizon oil spill. It tightens standards on blowout preventers and puts more controls on how [...]

Industry study predicts Gulf drilling plummet from safety rule

By:  James Osborne, San Antonio Express News   Under a proposed federal rule designed to prevent a repeat of the Deepwater Horizon oil spill, exploratory drilling in the Gulf of Mexico would decline 55 percent, according to a study released today by a Louisiana-based industry group. Announced last April by Secretary of the Interior Sally [...]

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