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Subsea 7 said engineering and project management work would start immediately from its Aberdeen office, with offshore activities scheduled to commence in 2014.
BBC: Dana Petroleum awards $300m contract to Subsea 7
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As of March 28, the Bureau of Ocean Energy Management, Regulation and Enforcment (BOEMRE) of the Department of the Interior had received 31 deepwater drilling permit applications for offshore drilling activities like water injection wells and drilling from a fixed rig that were still allowed under the moratorium.
FORBES: Connect
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The mid- to large-sized firms are tapping the U.S. talent pool to handle compliance and strategic IT, whereas jobs for back-office and financing activities are headed offshore.
FORBES: A Hiring Rebounding in Financial Services? Not In The U.S.
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W. Bush issued an executive order not to conduct further offshore leasing or pre-leasing activities, with exceptions in much of the Gulf of Mexico and parts of Alaska.
FORBES: Magazine Article
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Some manufacturing activities that had been moved offshore are now starting to return to theUnited Statesto take advantage of the low fuel costs for manufacturing their products.
FORBES: GE's Immelt: Natural Gas Now Much Cheaper Than Nuclear
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These requirements are in place to discourage money laundering, tax fraud or other illegal activities that are often associated with offshore banking.
FORBES: How To Open And Access An Offshore Bank Account
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Timothy Wallace, a director of a New Jersey supplier to offshore manufacturers, has been following the data for decades to gauge economic activities.
WSJ: Questions Arise on Gasoline Demand Data