Chevron, Total warn UK not to ban deepsea drilling
LONDON — Leading oil and gas companies warned British lawmakers Tuesday that any U.K. moratorium on deepwater drilling in response to the Gulf of Mexico spill would force them to abandon the North Sea in favor of projects elsewhere.
Executives from Chevron Corp., France’s Total and Danish state-controlled DONG Energy told a parliamentary committee that their industry would likely pull out of Britain if there was a lengthy halt to exploration and production – leaving the country increasingly dependent on imported energy.
All three companies also insisted that Britain’s tighter safety standards make the chance of a major spill in the waters off the Scottish coast less likely, and repeated their criticisms of BP over the spill.
British legislators are investigating the safety implications of the Gulf of Mexico spill and considering whether the U.K. government was correct in deciding not to put in place a moratorium on new deepwater drilling in the North Sea.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Bryant wants free tuition for students with technical diploma
- Prison-contract task force working in wake of Epps' indictment
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- Prescott leads field for Conerly Trophy as state's best football player
- UM Chancellor Jones: Lymphoma treatment going well
- BILL CRAWFORD: Bryant’s tax cut won’t stop spending growth
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals