ARTICLE
8 October 2019

Offshore Drilling In Atlantic Ocean

S
STA Law Firm

Contributor

STA Law Firm logo
STA is a full practice law firm headquartered in Dubai with offices across UAE (Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah) and overseas (Bahrain, Delhi, Doha, Luxembourg, Moscow, Portugal and Mumbai). We work alongside several groups of companies within the Oil and Gas, Maritime, Logistics, Real estate, Construction, Hospitality and Healthcare sectors in the region and internationally providing them with our signature bespoke and cogent legal advice. We successfully represent our clients at various courts and arbitration centers across the UAE. We are also approached by several investors internationally who wish to find suitable business partners in the region.
The House of Representatives in the United States has passed two new bills that permanently ban offshore oil and gas drilling off the coasts of the Atlantic Ocean
Worldwide Environment

The House of Representatives in the United States has passed two new bills that permanently ban offshore oil and gas drilling off the coasts of the Atlantic Ocean, the Pacific Ocean and the Gulf of Mexico. This measure has been undertaken in order to tackle climate change, wherein oil spills from drilling activities in the regions mentioned have further threatened jobs in the marine sector. A third bill, that aims to permanently ban drilling activities in Alaska's Arctic National Wildlife Reserve, will be voted on today.

The Alaskan Arctic National Wildlife Reserve is renowned for its wildlife population, encompassing of polar bears, caribous and various other birds. The United States Government under the Trump Administration has endorsed a policy of easing the environmental regulations on emissions from oil and gas operations. There are voices of concern that say such policies will only increase the dependency the United States has on oil-producing states such as Saudi Arabia and Russia.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More