Portends

Offshore service companies are returning to the U.S. Gulf of Mexico (GOM), which portends a healthier outlook for the industry this year, according to an update by energy consultant IHS Herold.

With Republicans clearly in control of both the Senate and House following last Tuesday’s mid-term elections, energy industry and Capitol Hill sources said they expect congressional approval of an omnibus energy bill to be delayed, possibly until next year, so GOP lawmakers can craft legislation “more to their liking.” They also foresee an end to “FERC bashing” at hearings.

With Republicans clearly in control of both the Senate and House following Tuesday’s elections, energy industry and Capitol Hill sources said they expect congressional approval of an omnibus energy bill to be delayed, possibly for another year, so that GOP lawmakers can craft legislation “more to their liking.” They also foresee an end to “FERC bashing” at hearings.