The seaport also provides supplies and services to more than half of all offshore drilling operations.
Diamond Offshore Drilling, Inc. shares are currently trading up about 2.4% on the day.
But Democratic leaders have opposed efforts to repeal a 1981 law barring most offshore drilling.
McCain said offshore drilling is a "vital part" of dealing with the energy challenge.
Strong demand for offshore drilling helped the firm to boost the utilization rate of its fleet.
Diamond Offshore Drilling, Inc. shares are currently trading up about 2.7% on the day.
Today, the White House announced it is lifting its ban on offshore drilling in the Gulf.
Politicos fan fears that offshore drilling will lead to oil spills, desecrating America's shorelines.
Republicans highlight polls that suggest that clear majorities support lifting the ban on offshore drilling.
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Diamond Offshore Drilling, Inc. shares are currently trading up about 7.5% on the day.
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Diamond Offshore Drilling, Inc. shares are currently trading off about 3% on the day.
After the Deep Horizon oil spill, Salazar put a six-month delay on an offshore drilling program.
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More important, Nichols kept the PennzEnergy geologists and drilling engineers who understood offshore drilling.
Offshore drilling in water less than 500 feet deep wasn't being banned, the spokeswoman said.
Diamond Offshore Drilling, Inc. shares are currently trading off about 1.9% on the day.
Diamond Offshore Drilling, Inc. shares are currently trading down about 2.6% on the day.
Many officials from coastal states oppose offshore drilling because of the risk of oil spills.
Environmentalists want offshore drilling to stop to protect oceans and beaches from further pollution.
McCain acknowledged, this week, his offshore drilling plan would not produce any additional oil for years.
Democratic leaders had previously opposed Republican-led efforts to repeal a 1981 law barring most offshore drilling.
This gridlock over ANWR and offshore drilling, of course, has been with us for decades.
However, the move is largely symbolic as there is also a federal law banning offshore drilling.
His speech followed an address Tuesday in Houston, Texas, in which he also pushed offshore drilling.
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Diamond Offshore Drilling, Inc. shares are currently trading up about 1.8% on the day.
Peterson said expanding offshore drilling is the most effective thing Congress can do to boost domestic supply.
The moratorium was lifted in October of that year, but regulations governing offshore drilling were later toughened.
We require a multiple layer barrier system in our well designs, which greatly minimizes offshore drilling risks.
If money is tight, why do you propose wasting billions in expensive nuclear, dirty coal, and offshore drilling?
This panel is remarkably similar to the one convened by Salazar that sanctioned the current offshore drilling debacle.
That's because offshore drilling is a riskier proposition and oil companies require sustained high prices to justify it.
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