These energy costs are directly transferred to the cost of doing business, recreational activities, and household maintenance, across the entire country. When oil companies move into an area and develop it, they also begin to support local economies and small business owners. Offshore oil and gas production can help in strengthening the local economy providing that community with a strong financial trickle-down effect.
Despite all of these major benefits, nearly 90 percent of the shore remains off limits to those who would seek to complete the offshore drilling. Much of this is due to the fear that offshore drilling could be harmful to the environment, though the opposite has been shown to be true; offshore drilling rigs actually provide an environment that is overall beneficial to local sea life. Benefits are also top-notch.
Many European companies offer comparable rates; however, projects in some countries are operated by national oil companies, which often have a preference for hiring people from the host country first and pay scales may vary considerably from the U. Excellent pay and benefits are a primary reason that so many people are attracted to the offshore drilling industry. Nevertheless, bear in mind that getting hired on an offshore rig is very competitive, and a number of employment services recommend that workers interested in offshore rig jobs obtain experience with at least one onshore drilling project, first.
To view the rest of this page, you will need to be a Premium Member. Now there are 11 drill ships in the Gulf. Three working, eight are not. Now mind you the number of rigs not working has increased, but these rig workers are still being employed. Sources tell me companies are confident they will be able to drill in the Gulf in the near future so they still have their employees on the payroll. Lafakis is no ordinary economist. He specializes in energy and has been following these trends. I asked him to break down what he is seeing both on the oil, natural gas and alternative energy front.
He also gave me his estimate of how many people are really working in off-shore drilling in the US: not more than 12, LL: The fact there are more rigs in the Gulf than before the disaster, what does that tell you about the confidence in the oil industry? CL: This tells me that industry believes will be the year in which permitting recovers from Deepwater Horizon.
If oil drillers did not believe that the administration would normalize its process of awarding permits to new drillers, there would be far fewer rigs in the Gulf of Mexico today, and rigs that are primarily used for deepwater drilling would not be on contract for the rest of the year. Energy Primers What is Fracking? Why is fracking for natural gas important? What Chemicals are Used in Fracking?
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