InsuranceHeadline.com Home Headline Home Searh Insurance Directory Listings by State, City Zip Code or Detailed Keyword Search! Search News  Company IndexPost NewsPost News  Add Your Listings to The Insurance Phone Book! Advertise Manage Insurance Phone Book Directory ListingsEditor Login

Insurance Headlines - Insurance Headlines.com is the premier online news source that insurance & financial professional rely on - making Insurance Headlines.com the top choice for syndicating news on the world wide web.

Headline News | Life & Health | Property & Casualty | Financial & Investments | Banks & Thrifts | Syndicate News

1
Home L&H P&C F&I Post Feeds RSS Search

    


 Free Insurance & Financial Headline Newsletters - Subscribe Today!

Choose Newsletters

Daily Headlines

Weekly Headlines

Product Promo's

Job Offers

Enter Your E-mail

Advertising Options

Post Press Releases

Post Insurance Articles

Online Advertising

Newsletter Advertising

Company Sponsors

Resources

Insurance Newsletters

Company News & Stocks

Syndicate News

Sponsor Links

Industry Links

Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5
 6  7  8  9  10  11  12
 13  14  15  16  17  18  19
 20  21  22  23  24  25  26
 27  28  29  30

1




 

See your advertisement here

U.S. issues hurricane rule for drilling platforms

by Reuters - Apr 15,2008

WASHINGTON (Reuters) - With the start of the hurricane season just over six weeks away, the U.S. Interior Department on Tuesday issued a rule to make sure offshore oil and gas drilling platforms have a better chance of surviving big storms.

The department hopes to avoid the type of severe damage done to the U.S. energy sector by Hurricane Katrina and other storms during the 2004 and 2005 hurricane seasons that destroyed 123 drilling platforms in the Gulf of Mexico and damaged dozens of others, knocking out a big chunk of domestic oil and gas production for months.

The department's Minerals Management Service rule is making official the American Petroleum Institute guidelines issued post Katrina that companies are already following by adopting more stringent designs for both new and existing offshore drilling structures to better withstand high winds, big waves, strong currents and storm surges.

"The new criteria will increase survivability during hurricane conditions and result in fewer damaged platforms, thereby protecting critical oil and gas resources and making those resources available after hurricane events," the MMS said.

The hurricane safety rule, which was published in Tuesday's Federal Register of government regulations, takes effect on May 15.

Colorado State University's noted hurricane research team has said it expects 15 tropical storms and eight hurricanes to form in the upcoming six-month Atlantic storm season, which begins on June 1.

Four of those hurricanes are forecast to become major storms with winds of at least 111 miles per hour (178 kph).

---------------------------------------------------------------------------------------

© Reuters 2008 All rights reserved.

 

Related news
U.S. Hurricane Outlook Calls for as Many as 9 Storms by Bloomberg.com posted on May 22,2008
AccuWeather: 12 named storms this hurricane season by Reuters-News posted on May 13,2008
Expert updates hurricane forecast; active season likely by USATODAY.com posted on Jun 04,2008
Insurers' hurricane experts already predicting above-average 2007season by Sun-Sentinel posted on Dec 08,2006
Hurricane Forecast Team Predicts Well Above-average Season by NAMIC posted on Apr 10,2008
Exceptions to the rule by MarketWatch.com posted on Oct 23,2006
At the helm of insurer golden rule by IndyStar.com posted on Sep 22,2006
Axa CEO does not rule out further mid-sized takeovers in Switzerland by Forbes.com posted on Jun 25,2006
NAMIC Applauds IRS Decision to Withdraw Controversial Captive Tax Deduction Rule by NAMIC posted on Feb 21,2008
New Lower Cost Health Insurance Now Available to North Carolina Individuals and Families from Golden Rule by Business-Wire posted on Nov 01,2006
Did you enjoy this article? (total 0 votes)
   

Comments (0 posted) 


Headline Sponsors

Sponsor


Insurance Headlines - Insurance Headlines.com is the premier online news source that insurance & financial professional rely on - making Insurance Headlines.com the top choice for syndicating news on the world wide web.

Copyright© 2005-2007 Insurance Syndication, LLC

Powered by: InsuranceHeadlines.com

Free Link Exchange - Directory - SQL Database Hosting - Insurance PhoneBook

About Us | Privacy Policy | Terms & Conditions | Free Newsletters | Free News Feeds | Advertise | Company Sponsors | Insurance Links | Industry Links