Representative Scalise Supports Louisiana Coastal Restoration

Image source: Port of Lake Charles

The U.S. Department of the Interior (DOI) Secretary, David Bernhardt, last week announced that the Department will disburse nearly $215 million in FY 2018 energy revenues to the four Gulf oil and gas producing states – Alabama, Louisiana, Mississippi and Texas.

Commenting the latest announcement, Louisiana Representative Steve Scalise made the following statement: “Revenues from oil and gas activity in the Gulf of Mexico are vital to restoring our coast and protecting coastal communities, which is why I’ve fought to protect this revenue sharing from attempts to raid it.”

“Through this revenue sharing, Louisiana will receive nearly $100 million to invest directly into vital coastal restoration and hurricane protection projects that provide greater security against strong Gulf storms and floods. American energy dominance will play an increasing role in the revenue sharing dollars coming to Louisiana, and I look forward to working with President Trump to support a robust energy strategy in the Gulf of Mexico which allows us to better protect the coast we love.

“I will also continue fighting every day to equalize the revenue sharing from offshore production with that from onshore drilling so that we can finally get our fair share of energy revenues generated off our coast.”

GOMESA funds are derived from qualified oil and gas leasing revenues on the Outer Continental Shelf, and disbursed in accordance with the revenue-sharing provisions of the GOMESA legislation.

During FY 2018, Interior’s Office of Natural Resources Revenue (ONRR) disbursed approximately $76 million to the Land and Water Conservation Fund (LWCF) and $309 million to the U.S. Treasury from bonuses, rentals, and royalties paid for GOMESA leases.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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