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Offshore Winds A Legal Barometer for Marine and Energy Business

Monthly Archives: November 2011

Coast Guard proposes changes to Inspection of Towing Vessels regulations

Posted in Energy, Maritime Contracts, Offshore Oil, Ports & Cargo Shipping

The U.S. Coast Guard has proposed significant changes to the regulations concerning the Inspection of Towing Vessels and arguably eliminating the class of vessels formerly known as uninspected towing vessels.  The Coast Guard has established a deadline of December 9, 2011, to receive public comments, which can be made at the following link:  www.regulations.gov and… Continue Reading

Competing Interests Collide Over Proposed New Legislation for Oil and Gas Rigs and Vessels

Posted in Energy, Maritime Contracts, Offshore Oil

Rep. Jeff Landry (R-LA) has added a provision to the Coast Guard and Maritime Transportation Act of 2011, currently under consideration in Congress, which would require the owner/operator of any offshore rig or vessel engaged in drilling, plugging and abandoning or workover operations to maintain a standby rescue vessels within 3 nautical miles. The provision… Continue Reading

EPA Studies Effects of Hydraulic Fracturing on Drinking Water Resources – Should Oil and Gas Producers Be Concerned?

Posted in Energy

On November 3, 2011, the U.S. Environmental Protection Agency (EPA) released a plan to study potential impacts of hydraulic fracturing on drinking water resources.  The study, which is being conducted pursuant to Congress’s request, will focus on the effect of hydraulic fracturing in shale formations on drinking water sources during the five stages of the… Continue Reading

Lawmakers Inch Closer to Enacting Legislation to Allocate Deepwater Horizon Fines

Posted in Oil Spill Restoration

Lawmakers in the House and Senate have taken the first steps toward enactment of legislation that will allocate 80% of fines assessed against BP under the Clean Water Act to Gulf States.  On September 21, 2011, the Senate Environment and Public Works Committee reported out S. 1400 –  The RESTORE the Gulf Coast Act of… Continue Reading

Shelved tax credit could bring new shipping lines to Louisiana Ports

Posted in Ports & Cargo Shipping

In the recent CityBusiness article “Revenue Neutrality Keeps Shipping Tax Credit on Shelf,” Ben Meyers examines the reasons behind the State of Louisiana’s refusal to implement a $5 per-ton tax credit passed into law two years ago. The Ports Tax Credit Program provides for export‐import cargo credit of $5 per ton for cargo emanating from or destined to… Continue Reading