Industry group questions need to raise spill liability cap
An energy industry group late last week criticized a proposal by the Obama administration to nearly double the oil spill liability cap for offshore drillers, while some members of Congress argued the proposal doesn't raise the cap enough.
The Bureau of Ocean Energy Management on Friday proposed raising the spill cap from $75 million to $134 million, the largest increase allowed without legislation and the first ever since passage of the 1990 Oil Pollution Act.
Interior proposes near-doubling of spill liability cap
The Interior Department today announced plans to nearly double the current $75 million oil spill liability cap for offshore oil and gas development to keep pace with inflation, marking the cap's first increase since passage of the Oil Pollution Act of 1990.
The proposed rule, which environmentalists called long overdue, would also spell out how Interior implements future increases to the cap.
GULF OF MEXICO:
NOAA study links crude to heart problems in tuna
Crude oil causes heart problems for tuna, including slowed heart rates and the potential for cardiac arrest, according to a new study from the National Oceanic and Atmospheric Administration and Stanford University.
At issue for researchers was how oil spilled in the 2010 Deepwater Horizon disaster may have affected tuna in the Gulf of Mexico.
Cheaper floating platforms find little love in deepwater Gulf
HOUSTON -- A technology rapidly becoming the most popular means of extracting crude oil and natural gas off the coast of Brazil won't emerge as a dominant fixture in the Gulf of Mexico, or even the Arctic, industry experts say.
Floating production, storage and offloading (FPSO) is a system that allows producers to tap into the deepest, most remote fields in the offshore environment. FPSO vessels -- which extract oil from offshore wells, store it and then transfer the crude to shuttle tankers for delivery to the shore -- are proliferating overseas.