Paul Danos Testifies in House Committee on Natural Resources
On July 27, CEO Paul Danos testifed in the U.S. House Committee on Natural Resources. The hearing, titled "Safeguarding American Jobs and Economic Growth: Examining the Future of the Offshore Leasing Program," took a comprehensive look at issues impacting offshore energy, particularly in the Gulf of Mexico, with a focus on permitting reform. Paul spoke about the importance of the Gulf of Mexico and the offshore leasing plan in securing our nation’s energy future.
During his remarks, Paul emphasized the need for greater clarity and certainty related to offshore energy development:
The long-term success of the Gulf of Mexico as a premier energy region is dependent on the ability of companies to continuously secure acreage through new lease opportunities. Contractors like Danos then have the opportunity to compete for the work in constructing and maintaining these innovative projects. With a heightened level of uncertainty in the Gulf of Mexico, investment dollars could naturally leave the U.S. to be spent in regions with weaker environmental oversight and weakening our energy security.