India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
NEWPORT NEWS, Va., Sept 25 (Reuters) – U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension affecting offshore drilling in the waters off Florida, Georgia and South Carolina.
“I’m extending the moratorium to North Carolina and Virginia,” Trump said to applause at a campaign rally in Newport News, Virginia.
The Trump administration, which has worked to expand U.S. oil and gas drilling and roll back Obama-era rules on pollution from fossil fuels, originally wanted to expand offshore drilling off many of America’s coasts, including Florida.
But proposals for drilling off Florida prompted fierce opposition from tourism, real estate, and environmental interests.
The latest decision could help Republican U.S. Senator Thom Tillis of North Carolina, who is trailing his Democratic challenger, former state senator Cal Cunningham, ahead of the Nov. 3 elections. (Reporting by Jeff Masson in Newpoer News, Virginia, and Valerie Volcovici in Washington; Writing by Mohammad Zargham; Editing by Sandra Maler)
(c) Copyright Thomson Reuters 2020.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,010 members that receive our newsletter.
Have a news tip? Let us know.
Maritime and offshore news trusted by our 109,010 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up