A total of $2.9b in high bids were opened recently at a sale of federal offshore oil and gas leases in the central Gulf of Mexico. Officials say it was the second largest such sale for central Gulf tracts. Seventy-three companies are competing for the tracts. In all there were 1,428 bids on 723 tracts. The bids were opened by the US Minerals Management Service, which manages the leases. Many of the tracts receiving bids were in ultra-deep water, or in depths of 800 meters or greater. Development of such leases can take hundreds of millions of dollars in investments and take years to bring into production. Also drawing continued interest were tracts of 200 meters or less on the shallow Gulf shelf. They are considered prime ground for the development of natural gas deposits deep in the earth. The central Gulf sale has been generally held in March. This year's sale was delayed by a dispute between Louisiana Gov. Kathleen Blanco and the federal Interior Department over the state's share of offshore royalties. In December 2006, Congress agreed to send Louisiana about $13b expected over the first 30 years for storm protection, flood control and coastal restoration projects. [Source: http://www.kwtx.com]
Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in the Central Gulf of Mexico for oil and gas exploration and development. Thesale will build on two major Gulf of Mexico lease sales in the last year – a 21 million acre sale held last December and a 39 million acre sale held in June. Proposed Lease Sale 227, scheduled to take place in New Orleans on March 20, 2013
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Central Planning Area (CPA) oil and gas lease sale 231 in New Orleans on March 19, 2014. The sale is the second CPA lease sale and the fourth overall sale under the 2012 – 2017 Outer Continental Shelf Oil and Natural Gas Leasing Program
BOEM Will Hold Public Hearing in New Orleans on Proposed Oil and Gas Leasing Program. The Bureau of Ocean Energy Management (BOEM) will hold a public hearing in New Orleans on Jan. 11, 2012, to provide an opportunity for the public to comment on the Draft Environmental Impact Statement (DEIS) for the Proposed Outer Continental Shelf (OCS) oil and gas lease sales offshore Texas, Louisiana, Mississippi and Alabama
Tropical Storm Barry, the second of the 2001 Atlantic hurricane season, formed in the eastern Gulf of Mexico on Thursday, the U.S. National Hurricane Center said. Barry had maximum sustained winds of 40 mph, barely strong enough to be classified as a tropical storm. Tropical weather systems are given names when top winds reach 39 mph. At 3 p.m., EST, the center of the storm was about 320 miles southeast of the mouth of the Mississippi River at latitude 26.3 north, longitude 84.8 west.
A sale of federal oil and natural gas leases for the Western Gulf of Mexico attracted $115,466,321 million in high bids, Secretary of the Interior Ken Salazar announced. To date this year, the department has offered 55 million acres of U.S. public land – onshore and offshore – for oil and gas development, generating more than $875m in revenues. “The responsible development of oil and gas resources on U.S
Tropical Storm Barry veered away from oil and natural gas fields in the Gulf of Mexico on Sunday, but by that point the erratic tempest had already knocked a big dent in U.S. offshore energy production, at least temporarily. Two of the biggest players in the Gulf of Mexico energy industry said that as a precaution against the storm they had suspended large volumes of oil and gas production, which taken together, represent a big slice of total output from the Gulf.
Citing environmental concerns, Florida senators sought to scale back oil and gas drilling plans for a part of the Gulf of Mexico, hoping to push development farther from the state's coast, the Washington Post reported. But the Republican chairman and top Democrat on the Senate Energy and Natural Resources Committee indicated they would press ahead with legislation that would open more of the area to gas development at least 50 miles closer to Florida
Imtech Marine is pleased to announce the addition of two Area Sales Managers to the Radio Holland USA team. Mike Pizer of Houston, and John Schwiering of Ft. Lauderdale recently joined the Radio Holland sales team, adding more than 40 years of navigation and communication experience to the RHUSA sales organization. Radio Holland is a member of the global company Imtech Marine. Recently Imtech Marine announced the expansion of its service network in the USA to a total of 15
The US Department of Defense informs that nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications for international ocean and intermodal distribution services (Universal Services Contract-7). They are: Maersk Line Ltd., Norfolk, Virginia, estimated $524,715,094, (P00211 to HTC711-12-D-W013); American President Lines Ltd., Inc., Scottsdale, Arizona, estimated $445,421,902 (P00120 to HTC711-12-D-W003);
TGS and Schlumberger today announce commencement of the Dual Coil Shooting* multi-vessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico. The surveys will cover approximately 7,150 km2 (306 blocks) in the Green Canyon
Seaboard Marine will launch a new weekly service commencing on Sunday, July 24, 2016, from New Orleans connecting U.S. exporters to Colombia, Panama, and Costa Rica in addition to Honduras, Guatemala, El Salvador and Nicaragua. The expanded service
Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar the first foreign port which India is involved in developing to such a large extent.
IMO Secretary-General Kitack Lim has welcomed the Presidential Statement from the United Nations Security Council (S/PRST/2016/4) in which the Council strongly condemns acts of murder, kidnapping, hostage-taking and robbery by pirates in the Gulf of Guinea and encourages States in the region and
Rising crime in Gulf of Guinea contrasted with declining East Coast pirates; Presidential statement condemns murders, kidnappings, hostage-taking, as UN Security Council expresses deep concern over piracy The United Nations Security Council on Monday expressed its deep concern over piracy
ZIM Integrated Shipping Services Ltd (ZIM) has announcd an enhanced Asia to US East Coast and Gulf service offering, with seven different weekly services, extensive direct port-to-port coverage and best-in-market Transit time from key ports in Asia to US East Coast & Gulf.
NOIA President Randall Luthi today issued the following statement in advance of tomorrow’s Central and Eastern Gulf of Mexico Oil and Gas Lease Sales: “Historically, Central and Eastern Gulf of Mexico lease sales have drawn strong interest from industry; however
New Refrigerated Cargo Storage Facility to be Constructed at Port of Houston Authority’s Bayport Container Terminal The first phase of a 300,000-square-foot temperature-controlled cargo facility will be built at the Port of Houston Authority’s Bayport Container Terminal by
Iran denied on Thursday that its Revolutionary Guards launched rockets near the U.S. aircraft-carrier Harry S. Truman and other warships as they were entering the Gulf on Saturday. "The naval forces of the Guards have not had any exercises in the Strait of Hormuz during the past week and
Despite the continued depressed price of oil and gas, the U.S. Bureau of Ocean Energy Management (BOEM) via Director Abigail Ross Hopper announced that BOEM will offer 40 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in sales that will
The port of Chabahar in southeast Iran is central to India's efforts to circumvent arch-rival Pakistan and open up a route to landlocked Afghanistan where it has developed close security ties and economic interests. According to a Reuter's report
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased as part of the Gulf of Mexico Central Planning Area Oil and Gas Lease Sale 235. The sale held on March 18, 2015, made 7
India to build port in Iran to get more trade with CIS and Gulf India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S
Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise, Obangame Express 2015, March 27. Obangame Express, sponsored by U.S
World’s largest carriers part of 2M Alliance offering two weekly services from New Orleans Maersk Kotka called the Napoleon Avenue Container Terminal on February 9, signalling Maersk Line’s return of vessel service to the Port of New Orleans