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.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Williams Brothers General Store is something to count on
- Hyatt-Place is Columbus’ newest hotel option
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters