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BOEMRE Calls for Public Input on Proposed 2012-2017 Gulf of Mexico Lease Sales

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Information to be Used to Prioritize Areas, Avoid Potential Conflicts NEW ORLEANS – The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced it is seeking information and nominations from all interested parties regarding proposed oil and gas lease sales in the Gulf of Mexico Western and Central Planning Areas for the 2012-2017 Outer Continental Shelf (OCS) Oil and Natural Gas Leasing Program. BOEMRE will analyze information received in response to this Call for Information and Nominations (Call), which will primarily identify and evaluate areas with potential for oil and gas development, as well as determine possible environmental effects and potential conflicts in the Call area.  This is in addition to the information collected through the National Environmental Policy Act (NEPA) review process. Comments will be used to develop lease terms and conditions to ensure safe offshore operations. Comments will also be used to assess potential conflicts between offshore oil and gas exploration and development operations and state coastal management programs, and to develop proposed actions and alternatives in the NEPA review process.    “This early planning and consultation step, in addition to the NEPA-related reviews we are conducting, will ensure that all interests and concerns are communicated to us and are appropriately considered in decisions regarding the leasing process


Western GOM Lease Sale Attracts Bids of $337 Million

The Department of the Interior’s Bureau of Ocean Energy Management announced that its Western Gulf of Mexico Oil and Gas Lease Sale 218, held today in New Orleans, attracted $337,688,341 in high bids and included 20 companies submitting 241 bids on 191 tracts comprising over a million acres offshore Texas.   The sum of all bids received totaled $712,725,998. This announcement is consistent with steps President Obama announced in May 2011 to expand domestic oil and gas production


Editor's Note

Despite seemingly best efforts by world leaders, it appears that the wild gyrations ,which are the hallmark of the oil industry, will never truly be tamed. For proof, simply check out the Offshore Market report on page 32, which touts the “lingering $30+” barrel of oil. Between the writing of that piece and this one (about a week), OPEC leaders had met, decided to boost production seven percent and sent oil prices screaming down below the $25 level


Unocal Replaces 101 Percent of Production

Unocal Corporation replaced 101 percent of its worldwide crude oil and natural gas production (excluding sales and price-related revisions) during 1998 with new proved reserves as the company focused on adding value and re-energizing its domestic U.S. exploration program. "In the U.S., our Spirit Energy 76 unit recorded more than 30 discoveries in the Gulf of Mexico shelf and onshore area and added 65 MMBOE in proved reserves through discoveries and extensions, improved recovery and purchases


Magnum Hunter Reports 2001 Drilling Results

Magnum Hunter Resources, Inc. announced year-to-date 2001 exploration and development drilling results. The company has participated in 28 new wells with a 100 percent success rate. Six of the successful new wells were exploration, three in the shallow water shelf area of the Gulf of Mexico (GOM) and three onshore. The remaining 22 new wells drilled were onshore development locations. The 22 new development wells are located in Texas, southeastern New Mexico, and southern Oklahoma.


MMS Study of Loop Current in Eastern GOM

A study released by the Minerals Management Service examines the circulation in the Eastern Gulf of Mexico (GOM) and sheds new light on the behavior of the Loop Current (LC) and Loop Current Eddies (LCEs), the relation between the upper- and lower-layer currents, and the variability of water mass characteristics in deepwater. When the LC and the LCE are present in the Gulf near oil and gas activities, operators may have to curtail or amend their operations due to the strength of the current


Unocal Replaces 101 Percent of Production

Unocal Corporation replaced 101 percent of its worldwide crude oil and natural gas production (excluding sales and price-related revisions) during 1998 with new proved reserves as the company focused on adding value and re-energizing its domestic U.S. exploration program. "In the U.S., our Spirit Energy 76 unit recorded more than 30 discoveries in the Gulf of Mexico shelf and onshore area and added 65 MMBOE in proved reserves through discoveries and extensions, improved recovery and purchases


OSI Signs Agreement for Shuttle Tanker

Ocean Shipholdings, Inc. (OSI) has signed an agreement with ConocoPhillips and Samsung Heavy Industries. This agreement grants OSI the rights to the GoMAX 550 shuttle tanker design for transporting crude oil from the deep-water Gulf of Mexico directly to U.S. refineries. The diesel-electric powered, dynamically positioned 80,000 dwt double-hulled tanker design will have a capacity of 550,000 barrels of oil which can be loaded from various floating systems including Floating Production Storage


Rig Count Continues to Climb

According to a June 21 report from DailyMarkets.com, in its weekly release, Houston-based oilfield services company Baker Hughes Inc. reported a rise in the U.S. rig count, reflecting intensified drilling activity in Texas. This was partly offset by the growing oil spill in the U.S. Gulf of Mexico and the ensuing drilling ban in the region that reduced activity. Rigs operating in the state of Texas climbed to their highest level in 16 months


BOEMRE Approves 15th Deepwater Well

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For those of you keeping track, today the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a drilling permit for the fifteenth deepwater well to comply with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea blowout. The approved permit is for BHP Billiton Petroleum (GOM) Inc


BHP Ships 1 bln Tonnes to China

Iron Ore Shipment to China

  BHP Billiton last night celebrated the shipment of its one billionth tonne of iron ore to China with customers, industrial associations, joint venture partners, suppliers and employees in Shanghai. BHP Billiton’s Chief Executive Officer Andrew Mackenzie was joined by President


China, Kazakhstan to Ink $10 bln in Deals

Li Keqiang, Premier of the Peoples Republic of China

  China is expected to sign 30 cooperative agreements worth $10 billion with Kazakhstan as Premier Li Keqiang begins his first official visit to the country, the official Xinhua news agency said on Sunday. Xinhua did not give details


Zargon Cash Dividend for December 2014

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  Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of December in the amount of Cdn. $0.06 per common share will be paid on January 15, 2015 to shareholders of record on December 31, 2014. Unless otherwise indicated


USCG Commandant to Address PVA Convention

U.S. Coast Guard Admiral Paul F. Zukunft

Commandant of the U.S. Coast Guard Admiral Paul F. Zukunft will attend the PVA Annual Convention at MariTrends 2015 in Long Beach, Calif. and deliver a keynote address for attendees during the General Session on Monday, February 2, 2015 from 9:15 a.m.-10:15 a.m.  


Boskalis Takes a Stake in Fugro

European stocks inched higher on Monday as acquisition hopes fuelled gains for oil services firms after Dutch group Boskalis took a stake in Fugro. Fugro jumped 44 percent after sector peer Boskalis bought about 15 percent of its shares, which have lost more than half of their value since June


AAPA Honors Three for Port Industry Service

The American Association of Port Authorities (AAPA) – a trade group representing ports throughout the Western Hemisphere – today at its 103rd Annual Convention and Expo in Houston honored three port industry leaders. Receiving AAPA’s Distinguished Service Award were former


Russia & China Agree on Gas Supplies

Beijing, China

As part of the APEC summit in Beijing, a number of documents related to the Russian-Chinese cooperation in the energy sector were signed today in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping. Alexey Miller


Tilbrook Joins Woodside Board

Gene Tilbrook

  Woodside has appointed Mr Gene Tilbrook to its Board as a non-executive director effective 4 December 2014. Mr Tilbrook joins Woodside as an independent director. Mr Tilbrook has broad experience in corporate strategy, investment and finance. He was a senior


Zargon Oil & Gas Confirms Cash Dividend

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Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014. Unless otherwise indicated


Russian Firms Face Huge Insurance Costs as Foreign Providers Flee

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they undertake is at risk from future measures and an increasingly sick economy.


Ensco Promotes Lowe to EVP

Ensco plc announced that Carey Lowe has been promoted to Executive Vice President.   Lowe will be responsible for overseeing investor relations, public relations, employee communications and branding, led by Vice President Sean O’Neill, as well as strategy


3rd Regional Maritime Crime Conference

Participants included prosecutors from Somalia, Djibouti, Seychelles, Mauritius, Yemen, Kenya, Tanzania, Zanzibar

The 4th prosecutors from around the Horn of Africa and Western Indian Ocean region have gathered in Dar Es Salaam, Tanzania, for the Third Regional Conference of Prosecutors dealing with Piracy and other Maritime Crime. They were joined by key international players working on capacity building


Green Tech Wins RoPax Scrubber Deal

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Green Tech Marine has won a contract to deliver 21 exhaust gas cleaning systems (“scrubbers”) to an undisclosed ship-owner in first quarter 2015. By using Green Tech Marine scrubbers, ship owners can continue to operate on heavy fuel oil instead of more costly marine gas oil


Two New Tugs to Serve Western Australia

RT Endeavour and RT Discovery in Hong Kong awaiting deployment to Western Australia

Robert Allan Ltd. Designed ART 80-32 Rotortugs Delivered in Hong Kong and Ready for Deployment to Western Australia   The RT Discovery and RT Endeavour, ART 80-32 class Rotortugs, have been delivered by Cheoy Lee Shipyards to Owner’s Elisabeth Ltd


Great Lakes Ore Volumes Surpass 2013 Figures

Shipments of iron ore on the Great Lakes totaled 5.9 million tons in November, an increase of 5.8 percent compared to a year ago. That increase finally pushed the year-to-date total ahead of 2013’s pace. Through November, shipments stand at 53,249,990 tons, an increase of 86,721 tons.






 
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