Tougher Offshore Regulations ?

Regulators who are supposed to police offshore oil and gas drilling are spread too thinly, poorly trained and hampered by outdated technology, according to a study by an Interior Department review board appointed after the BP oil disaster in the Gulf of Mexico.

Chevron today announced its first venture in the west African country of Liberia. Inspired by giant Cretaceous trend oil finds in recent years off the coasts of Ghana and Ivory Coast, Chevron hopes that it too can find some bounty. Chevron will hold 70% of three new licenses.

Gov. Arnold Schwarzenegger withdrew his support Monday for a controversial new offshore oil drilling project off the Santa Barbara coast in the wake of a massive oil spill in the Gulf of Mexico.

Jude    Maritime News, News     Arnold Schwarzenegger, BP oil disaster, Chevron, coasts of Ghana, drilling exploration wells, federal territory, gas drilling, giant Cretaceous, Gulf of Mexico, Ivory Coast, Liberia, offshore oil, oil and gas, oil drilling, oil platform, Santa Barbara coast, Tranquillon Ridge, west African, West Coast

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