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Gulf Lease

Offshore Lease Generates $115m

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. public lands is an integral part of President Obama’s comprehensive energy strategy for the nation,” Secretary Salazar said.  “A domestic energy plan that balances the development of conventional and renewable energy resources – both onshore and offshore – is essential to reducing our country’s dependence on foreign oil, building a clean-energy economy, and addressing the challenges of climate change.” Western Gulf of Mexico Oil and Gas Lease Sale 210, held in New Orleans by Interior’s Minerals Management Service, received 189 bids on 162 federal Outer Continental Shelf tracts from 27 companies. The sum of all bids received totaled $145,186,365.00.  The highest bid received on a tract was $28,133,843 for Keathley Canyon, Block 96 submitted by BP Exploration & Production Inc. The high bid for each block will go through a strict evaluation process to ensure the public receives fair market value before a lease is awarded.

Feds Unveil Central GOM Oil & Gas Plan

Obama Administration Announces Proposed Central Gulf of Mexico Oil and Gas Lease Sale; sale Will Make Nearly 38 million Acres Available as Part of the President’s Blueprint for a Secure Energy Future.   The Obama administration has announced that the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) will hold the consolidated Central Gulf of Mexico Lease Sale 216/222 in New Orleans on June 20, 2012

BOEMRE Completes Final Supplemental EIS for Western Gulf of Mexico Lease Sale

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sale 218 in the Western Planning Area in the Gulf of Mexico. The SEIS updates the findings in several previously published environmental reviews covering the Gulf of Mexico. It also incorporates the latest available information pertaining to the Western Gulf of Mexico Planning Area following the Deepwater Horizon explosion

Public Meeting in New Orleans for OIl & Gas Leasing

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

Mexican Gulf Energy Lease Sales – BOEM Issues Environment Analysis

BOEM's  'Final Environmental Impact Statement (FEIS)' will aid decision-making on Gulf of Mexico oil & gas lease sales The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has completed the Final Environmental Impact Statement (FEIS), with environmental analysis that will support decision-making concerning oil and gas lease sales scheduled in the Gulf of Mexico over the next five years.

BOEM to Open Bids for Gulf of Mexico Lease Sale

The Bureau of Ocean Energy Management (BOEM) Gulf of Mexico Regional Director John Rodi will open the Gulf of Mexico Western Planning Area Lease Sale 238 at 9 a.m. CDT on Wednesday, August 20, 2014 at the Mercedes-Benz Superdome in New Orleans. The sale, which offers more than 21 million acres for oil and gas exploration and development offshore Texas, is open to the public and news media representatives are invited to attend.

MMS Publishes Final Regulations for Bonus Bids

The Department of the Interior's Minerals Management Service (MMS) published a final rule regarding the use of electronic funds transfer (EFT) by oil and natural gas companies bidding on Outer Continental Shelf federal leases. The final rule provides additional administrative flexibility to allow the agency to require EFT payment methods when appropriate. The rule will save time and money for the oil and natural gas industry and the Federal government.

Interior Department Plans Drilling Expansion

The Department of the Interior proposed leasing drilling rights in waters south of the Florida Panhandle in the Gulf of Mexico in a new five-year drilling plan that also would open waters off Virginia. The plan will cover the years 2007 to 2012. If given final approval next spring after a public comment period, the plan would be more restrictive than some drilling advocates want but not restrictive enough for some Florida lawmakers

Record Number of Rigs Drilling In Ultra-Deep Gulf Waters

The U.S. Minerals Management Service, which manages federal offshore leases, said a record number of drilling rig are working in ultra-deepwater in the Gulf of Mexico. Fifteen rigs are currently drilling for oil and natural gas in the ultra-deepwater of the Gulf at depths of 5,000 feet or greater. MMS officials say the record is the result of a decade-long trend of exploration companies looking to deeper regions of the Gulf.

Oil is Down, Not Out: BOEM Proposes 40-Million-Acre GOM Lease Sale

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 include all available unleased areas in the Central and Eastern Gulf of Mexico Planning Areas.   Proposed Gulf of Mexico Central Planning Area Lease Sale 241 and Eastern Planning Area Lease

Norway's Statoil to Exit Alaska

Photo: Statoil

Norwegian oil major Statoil said on Tuesday it will pull out of Alaska as its exploration leases in the Chukchi Sea no longer looked competitive.   "Since 2008 we have worked to progress our options in Alaska. Solid work has been carried out

Statoil’s Exit from Alaska ‘Disappointing’ -NOIA

Randall Luthi (Photo: NOIA)

NOIA President Randall Luthi, issued a statement on Statoil’s decision to exit the Alaskan Arctic, calling the departure “disappointing” yet “understandable” due to a tough economic and regulatory climate.  

Update: Statoil Follows Shell out of Alaska

Norwegian oil major Statoil said on Tuesday it will pull out of Alaska's Chukchi Sea, just weeks after Royal Dutch Shell abandoned the treacherous waters there after spending billions on oil exploration work.   The latest pullback comes as oil companies slash spending on expensive offshore

Celata Heads BOEM's Gulf of Mexico Office

Michael Celata

  Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced Mike Celata as the Regional Director of the Gulf of Mexico Outer Continental Shelf (OCS) Region. Celata, who starts his position immediately, has been with BOEM and its predecessors since 1988

Cosco Pacific Profits up 12%

Photo: COSCO Pacific Ltd

 Major terminal operator Cosco Pacific has reported a 12% on-year increase in net profits for the first half of this year to nearly $164.4m on good cost control and optimisation of management efficiency.   However the revenue of the port and box leasing unit of Chinese state

Traders Scramble for Caribbean Crude Storage

Demand for crude storage in the Caribbean, one of the world's most important oil hubs, is rising as producers and traders try to ride out the worst price crash in six years by holding onto more barrels or making blends that can be sold for premiums.

Belships Signs Deal with Imabari

 Belships has entered into a sale and leaseback agreement with a Japanese counterpart for the ship M / S Belforest.   Belforest, 61,000 dwt Ultramax bulk carrier is currently under construction at Imabari Shipbuilding in Japan and will be delivered around 25 September 2015. 

Offshore Wind Energy Within Reach for North Carolina


  As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, the Bureau of Ocean Energy Management (BOEM) today announced it completed an important environmental review

US to Sell Offshore Leases for New Jersey Wind Farms

Interior to auction 344,000 acres offshore New Jersey for wind energy development; 13 energy companies qualified to bid in lease sale   As part of President Obama’s Climate Action Plan to develop domestic clean energy resources, cut carbon pollution and create American jobs, U.S

U.S. Cancels Arctic Offshore lease Sale

Secretary Sally Jewell Photo Tami Heilemann Courtesy US Dept of the Interior

  The U.S. Interior Department on Friday said it would cancel two potential Arctic offshore lease sales after Royal Dutch Shell PLC said that it was not interested in those leases. "In light of Shell's announcement, the amount of acreage already under lease and current market

NOIA Response : Cancellation of Alaska OCS Lease Sales

Outer Continental Shelf Image courtesy NOIA

  National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement regarding the Interior Department’s decision to cancel two offshore Alaska lease sales and deny requests to extend current Alaska offshore leases:

Arctic Oil Drilling: Why Does U.S. End It?

Image: An oil drilling rig operated by Royal Dutch Shell ran aground on a pristine wildlife-rich island in Alaska in 2013. Credit: Panda.Org

The Obama administration has taken steps to keep drill rigs out of Alaska's northern ocean for a decade or more. The sudden of turnabouts is attributed to slowing down of economy. The U.S. Department of Interior announced that it is canceling two lease sales and will not extend current leases for

China Gets Port of Darwin

Photo: Northern Territory Government

 The Northern Territory (NT) Government in Australia announced the successful bidder for the Port of Darwin – Landbridge Group, based in the People’s Republic of China.    Chinese privately owned energy and infrastructure conglomerate Landbridge Group has won a $A506

West Calcasieu Port Adds 11.5 Acres

West Calcasieu Port officials announced today that the port has completed the $1.5 million purchase of 11.5 acres of adjacent property to the facility on the Gulf Intracoastal Waterway.    “The additional property will increase port acreage to more than 200 acres

NJ Offshore Wind Lease Sale Moves Ahead

Offshore Wind Photo TKPL

  As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, the Interior Department’s Bureau of Ocean Energy Management (BOEM) yesterday held the nation’s fifth competitive lease

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