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Mexico Lease

Obama Administration Offers Over 20 Million Acres

Western Gulf of Mexico Lease Sale Yields $133.8 Million in High Bids on Over 652,520 Acres, Only Latest in a Series of Recent Major Offshore Oil and Gas Sales. As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Department of the Interior’s Bureau of Ocean Energy Management today held Western Gulf of Mexico Lease Sale 229, which offered over 20 millions acres and attracted $133,767,074 in high bids for 116 tracts covering 652,522 acres on the U.S. Outer Continental Shelf (OCS) offshore Texas. A total of 13 offshore energy companies submitted 131 bids. The Western Gulf of Mexico Lease Sale builds on two major Gulf of Mexico lease sales in the past year alone, a 21 million acre sale held last December and a 39 million acre sale held in June. “At President Obama’s direction, his Administration continues to implement a comprehensive, all-of-the-above energy strategy, expanding domestic production, reducing our dependence on foreign oil, and supporting jobs,” said Interior Secretary Ken Salazar. “Developing public energy resources in the Gulf of Mexico continues to generate much needed revenue for local communities while helping to power our nation and fuel our economy.” Lease Sale 229 offered more than 20 million acres for oil and gas development on the OCS and supports the Administration’s goal of continuing to increase domestic oil and


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


Birnbaum Hosts Western GOM Lease Sale 210

The Director of Minerals Management Service, Liz Birnbaum, will host Western Gulf of Mexico Lease Sale 210 in New Orleans on August 19.  She will open the Federal oil and gas lease sale at 9:00 a.m. CDT at the Royal Sonesta Hotel with brief remarks.  Immediately following the bid reading, she will hold a media availability to discuss the results of the sale. The sale, held by the U.S. Department of the Interior’s Minerals Management Service (MMS), encompasses 3


BOEMRE: Proposed Gulf of Mexico Oil and Gas Lease Sale

More Than 20 Million Acres to be Offered for Exploration and Development in Western Gulf Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today announced that BOEMRE will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. Consistent with steps President Obama announced in May 2011 to expand domestic oil and gas production safely


BOEM: 38 Million-Acre Oil &Gas Lease Sale in the Central GOM

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


BOEM Takes Bids for GoM Lease Sale

On Wednesday, March 19, 2014, Secretary of the Interior Sally Jewell will announce the results of Gulf of Mexico Lease Sales 231 and 225, which are offering more than 40 million acres for oil and gas exploration and development offshore Louisiana, Mississippi and Alabama.  Joining the Secretary on the press conference call will be Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau and BOEM Gulf of Mexico Regional Director John Rodi.


Gov: No Offshore Signoffs Without Royalty Share

Louisiana’s governor warned that the state would not support future offshore lease sales in the Gulf of Mexico unless Louisiana gets a share of the federal royalties generated by oil production there. Under a federal law that governs offshore drilling, governors in adjacent states are required to agree that federal lease sales are consistent with their states' coastal management plans. Louisiana governors have traditionally signed off on such lease sales


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 Proposes Central Gulf of Mexico Lease Sale

Photo: BOEM

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 Assesses Prospects of Wave Energy off Oregon

As part of President Obama’s Climate Action Plan to create American jobs, cut carbon pollution and develop domestic energy sources, the Bureau of Ocean Energy Management (BOEM) is assessing whether there is competitive interest in wave energy research or development in an area of federal


Strainstall Supply Load Pins for Shell Stones Project

Strainstall UK Limited has been selected to work alongside SBM offshore on the prestigious Shell Stones project, which is an ultra-deep Oil and Gas development in the Gulf of Mexico and is currently the deepest production facility in the world at approximately 2,900 meters.


New Dry-Freight Box Prices on the Rise

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Prices for new dry freight containers increased in the opening months of 2014 for the first time in two years, observes Drewry's latest 'Container Leasing and Container Census'. Standard box prices declined gradually throughout 2013, falling by late in the year to their lowest point since 2009


BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for


Intelsat to DoD: Multiyear Satcom Contracts Reduce Costs

Intelsat today issued the following statement: The National Defense Authorization Act (NDAA) directs the Department of Defense to move toward multiyear leases and hosted payloads to acquire commercial satellite capacity and services. The leaders of the commercial satellite industry have


Finding New Ways to Finance Jones Act Vessel Builds

James A. Kearns

Sustaining the ongoing boatbuilding boom can involve the lawful use of foreign finance streams. James Kearns takes a closer look at the practice. The citizenship requirements for vessels engaged in the U.S. coastwise trade are generally well-known


NOIA Echoes Importance of Atlantic Seismic Exploration Hearing

Randall Luthi (Photo: U.S. Department of Interior)

National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement on the hearing on seismic exploration on the Atlantic Outer Continental Shelf held today by the House Committee on Natural Resources, Subcommittee on Energy and Mineral Resources.


FSL Trust Still Working to Resolve Financial Difficulties

FSL Geared bulk carrier: Image courtesy of the owners

Following the 19 November 2013 suspension of trading of First Ship Lease Trust (FSL) on the Singapore Stock Exchange, the Board of Directors informs that the company remains in on-going discussions with lenders to seek a longer loan covenant relaxation and are working hard to resolve the situation


Court Delivers Blow to Alaskan Arctic Oil Prospectors

Arctic Drillship: Photo credit Gazprom

A three-judge panel of the U.S. Ninth Circuit Court of Appeals has issued a ruling against the Department of Interior and oil companies including Shell in favor of environmental and Alaska Native groups and concluded the federal government failed to properly evaluate the scale of oil production


Oregon Offshore Wind Project: Key Step Forward

Photo credit Hans Hillewaert CCL

On the heels of President Obama’s State of the Union address where he laid out actions to move the economy toward clean energy sources, reduce carbon pollution and create jobs, Secretary of the Interior Sally Jewell has announced an important step forward for the first offshore wind project


Dana Gas Wins Block Offshore Egypt

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Dana Gas said it has signed an agreement for the North El Arish (Block 6) Concession Area, offshore the eastern Nile Delta. The 2,980 sq. km block was awarded in April 2013 as part of a competitive bidding process. This is the company’s first offshore block in Egypt


Survey Guidelines Bring US Closer to Atlantic Oil Reseves

By Ayesha Rascoe, Reuters The Obama administration on Thursday laid out a framework for assessing the amount of crude off the Atlantic coast, another step toward possibly allowing oil production in an area that has been out of reach for decades.


Creditors Allow FSL Trust More Breathing Space

FSL Shanghai: Photo credit the owners

Formerly financially troubled FSL Trust Management (FSL Trust) says in its latest FY 2013 report that it has successfully secured a loan covenant relaxation until 31 December 2014, which they hope will enable them to move forward.


Offshore Insights from OMSA's Ben Billings

Ben Billings

Ben Billings serves as President & CEO of the Offshore Marine Service Association (OMSA), a nationwide trade association headquartered in New Orleans that represents more than 200 member companies. OMSA’s membership includes approximately 100 firms operating more than 1


BOEM Seeks Comment on Proposed Energy Research

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As part of the Obama Administration's Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, the Bureau of Ocean Energy Management (BOEM) announced today that it is seeking public comment as it prepares an Environmental Assessment (EA) to


 
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