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OBAMA’S OFFSHORE ENERGY POLICY COULD RESCUE OIL AND GAS EXPLORERS

28/07/2014 by

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The Obama administration may think so, having shifted gears in recent weeks and removed potential barriers to more drilling off the coast of the Atlantic Ocean. This is in addition to earlier moves that eased the steps for developers to pursue oil and gas deposits in the Gulf of Mexico and possibly off the coast of Alaska.

For a White House that has targeted oil company tax breaks and toughened drilling safeguards in the wake of the BP disaster, it’s a change of pace. But it is actually part of an previous plan — an Energy Security Trust Fund — to redirect some of those oil and gas revenues toward green energy ventures. That’s an idea that has resonance among key lawmakers on energy panels from oil and gas states.

What’s immediately at stake? Producers can use a technologically savvy device called sonic cannons that shoot off pulsating sound waves that hit the bottom of the sea floor and that return to the top, all of which is captured by computers that interpret the data and create three-dimensional drawings. Bottom line: Those developers can get a pretty good handle on the oil and gas that is offshore.

This article has been extracted from http://www.forbes.com, please click on this link to read the article in full http://www.forbes.com/sites/kensilverstein/2014/07/28/obamas-offshore-energy-policy-could-rescue-oil-and-gas-explorers/

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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