Italy shuns offshore drilling referendum

Monday, April 18, 2016

A referendum to drill within 12mi of the Italian coast has been sunk after failing to attract enough people to vote.

A low turnout meant that the referendum, which had asked Italians if the government should stop renewing offshore drilling licenses within 12mi of the coast, wasn't valid, reports Reuters. Italian Prime Minister Matteo Renzi said the move would have hurt the economy. 

New drilling concessions are no longer being handed out, but it is seen that existing sites should have the option to remain operational until they are fully depleted, due to the jobs that would be at risk - estimated at 11,000. 

Read more

Italy reintroduces 12 mile ban

Categories: Offshore Drilling Exploration

Related Stories

Planet One Strikes Hydrocarbons in New Offshore Ghana Reservoir Type

Golar's New FLNG Unit to Feature Techouse Fuel-Saving Systems

Oil Prices Slide as Trump Signals Pause in Iran Strikes

Current News

DOF Group Announces CSV Contract Award and Extension

Murphy Oil Signs Four Production Sharing Contracts Offshore Cameroon

SSE Picks Siemens Energy for Turbine, Substation Work at Berwick Bank B

First Oil Flows from Vietsovpetro's Platform Offshore Vietnam

Subscribe for OE Digital E‑News