Applauds amendments to lift US Crude Oil Export Ban and streamline LNG exports
Houston, Texas (3 December 2015) -Today, the U.S. House of Representatives voted on H.R. 8, the North American Energy Security and Infrastructure Act of 2015 which includes amendments adopted to lift the ban on crude oil exports and streamline the LNG permits approval process. The energy package was passed by a vote of 249 to 174. The bipartisan amendments will bolster growth for domestically produced oil and natural gas, which will in turn facilitate job creation.
“IADC thanks the members of the U.S. House for their vote in passing a comprehensive energy measure and urges both chambers to come together in sending an energy bill to the President that facilitates robust energy exploration and production which will bolster employment and provide much needed fuel for our economy,” said Elizabeth Craddock, IADC Vice President, Policy and Government Affairs. “The U.S. needs energy legislation that will enable us to help our allies. The U.S. energy renaissance is not only a game changer for U.S. consumers and domestic manufacturing, but also has geopolitical ramifications. We should not back away from the progress that has been made to ensure our country and allies are energy secure.”
Since 1940, the International Association of Drilling Contractors (IADC) has exclusively represented the worldwide oil and gas drilling industry. IADC’s mission is to catalyze improved performance for the drilling industry by enhancing operational integrity and championing better regulation to facilitate safer, cleaner and more efficient drilling operations worldwide. For more information, visit the IADC website at www.iadc.org.