Looking up into the derrick on a new jack-up rig, image: R.Almeida/gCaptain.com
“Offshore energy exploration and production could be an economic game changer for South Carolina,” says Congressman Jeff Duncan (R-SC) in a press statement this week.
For South Carolina, the immediate issue is the pending decision by the Federal Bureau of Ocean Energy Management to permit seismic survey operations offshore. In parallel however, South Carolina residents are being educated on what offshore exploration and production may mean for the state.
“One thing is for certain: South Carolina needs jobs and increased tax revenue to pay for education, infrastructure, and conservation needs,” says Duncan. “Studies have shown that offshore oil and gas development could create tens of thousands of South Carolina jobs over the next two decades, add $2.7 billion to our state economy, and generate over $80 million annually in new state revenue.”
Duncan notes that polling results last month showed that an overwhelming majority of South Carolinians support increased energy production, including the development of American offshore resources.
Maritime Partners, a privately held marine leasing and financing company, has acquired e1 Marine LLC, a move that positions the company at the forefront of hydrogen-powered solutions for the maritime...
The International Maritime Organization (IMO) marked the Day of the Seafarer today with a powerful campaign targeting harassment in the maritime industry. This year’s theme, “#MyHarassmentFreeShip,” focuses on eliminating bullying...
European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy.
June 24, 2025
Total Views: 378
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 109,328 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 109,328 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.