Printer Friendly

NATIONAL RESPONSE CORPORATION SIGNS THE COASTAL CORPORATION AND PHIBRO ENERGY

 NATIONAL RESPONSE CORPORATION SIGNS
 THE COASTAL CORPORATION AND PHIBRO ENERGY
 NEW YORK, June 30 /PRNewswire/ -- National Response Corporation (NRC) today announced that it has executed a letter of intent with The Coastal Corporation and Phibro Energy, Inc. for the development of comprehensive marine oil spill response services for all oil facilities and tankers owned, leased and operated by the two companies within the United States.
 NRC is developing these services to help customers meet the requirements of the Oil Pollution Act of 1990 (OPA-90) and related requirements of the state and local authorities pertaining to oil spill containment and recovery.
 "It is important that the oil industry support initiatives like NRC," said James R. Paul, president and chief executive officer of The Coastal Corporation. "This for-profit approach takes advantage of existing vessels and crews, new equipment and training, to provide a diversity of capabilities. I'm convinced it will lead to more effective responses to accidental oil discharges," Paul added.
 Jeffrey R. Serra, vice chairman of Phibro Energy, Inc. and president of Phibro USA, concurred. "We expect our financial commitment to NRC will encourage other energy and transportation companies to participate in this intelligent and creative effort to meet the requirements of OPA-90," he said. "We expect NRC will prove to be the most effective spill response organization in the United States."
 NRC is offering oil companies, refiners, terminals and vessel owners operating in the United States Gulf and East Coast full coverage required under the Oil Pollution Act of 1990 customers will have access to a comprehensive network of proprietary and reserved pollution response and cleanup equipment, supported by local contractors, and trained vessel personnel.
 Those acts require all vessels and facilities in both U.S. coastal and inland waterways to have a response plan with a contractor or in- house capability for cleaning up small to large spills in both shallow and deep water.
 NRC will equip vessels and train crews for environmental response beginning with eight multipurpose vessels already engaged in regular commerce in the shipping lanes of the Gulf of Mexico. NRC will begin converting its first multipurpose vessel for environmental response in the next few weeks and expects deliveries of shallow water equipment to begin during the summer.
 -0- 6/30/92
 /CONTACT: Charles Fabrikant of the National Response Corporation, 212-307-6633/ CO: National Response Corporation ST: New York IN: OIL SU:


PS -- NY059 -- 5187 06/30/92 12:56 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1992
Words:404
Previous Article:MOTOROLA ADDRESSES WORKFORCE NEEDS WITH ANNOUNCEMENT OF NEW EARLY LEARNING CENTER FOR KIDS
Next Article:SALE OF NALCO SUBSIDIARIES COMPLETED
Topics:


Related Articles
EMPIRE STATE PIPELINE, NEW YORK STATE ELECTRIC & GAS SIGN AGREEMENT
COASTAL FLEET FUELING UNIT JOINS CFN CARDLOCK NETWORK
UNIT CORPORATION TO ACQUIRE SOUTH TEXAS DRILLING RIGS
COASTAL APPOINTS ROBERT C. HART AS PRESIDENT OF COASTAL POWER PRODUCTION
UNIT CORPORATION ANNOUNCES TERMINATION OF PENDING ACQUISITION
THE COASTAL CORPORATION EXPANDS EXPLORATION INTO CHINA
THE COASTAL CORPORATION EXPANDS EXPLORATION INTO PERU
COASTAL SAYS SUPREME COURT UPHOLDS CONTRACT VALIDITY WITH TENNESSEE GAS; SEEKS RECONSIDERATION OF COURT DECISION ON REHEARING VOLUME ISSUES
THE COASTAL CORPORATION EXPANDS EXPLORATION INTO HUNGARY
Coastal Signs Exploration and Production Contract with Brazil's Petrobras.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters