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
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
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
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
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
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1.61 million bbl/d in 2016, or about 16% and 17% of total U.S. crude oil production in those two years, respectively. The forecasted production growth is driven both by new projects and the redevelopment and
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 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.
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
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
PSA Peugeot Citroen is in advanced talks over an Iranian carmaking venture with historic partner Iran Khodro and expects rapid progress following the diplomatic breakthrough lifting sanctions against the country, the French company said. The deal struck between Iran and western powers
Greece said on Tuesday it had received three bids for deep sea oil and gas drilling in western Greece and south of the island of Crete. The bidders were not disclosed. The names of the bidders, and areas over which they had expressed an interest would be released after tender documents
BHP Billiton said on Tuesday it will spend $240 million upgrading its marine iron ore facilities in Western Australia. The funds will be used to purchase six tug boats and build a new tug harbor in the Port Hedland Port, with construction due to be completed in the September 2016 quarter.
The West Gulf Maritime Association (WGMA) is urging its members with ships arriving at any port in the western US Gulf to participate in the Menhaden survey. The annual Menhaden spawn (typically April through October) has created challenges for ships transiting local waterways
Hearing will examine U.S. Coast Guard’s efforts to stop drug smuggling into the U.S. The Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Duncan Hunter (R-Calif.), will hold a hearing next week on the U.S
Drydocks World, provider of maritime and offshore services to the shipping, oil, gas and energy sectors, showcased its global services, projects and infrastructure to an international audience at the 50th Nor-Shipping Exhibition in Oslo from June 2-5, 2015.
Russian Arctic offshore drilling set for 2015 to be postponed to 2016 or later - Novak Russia's Energy Minister Alexander Novak said on Thursday that Arctic offshore drilling planned for this year will be postponed until 2016 or later.
Continuing with the series of search and rescue operations undertaken and coordinated by Coast Guard Western Region in last two days, the Indian Coast Guard undertook another lifesaving mission by evacuating the chief officer from vessel MT Pristine GV anchored off Mumbai.
In pursuit of India’s ‘Look East’ and ‘Act East’ policy, the Indian Navy’s Eastern Fleet ships under the command of Rear Admiral Ajendra Bahadur Singh, VSM, Flag Officer Commanding Eastern Fleet (FOCEF)
Transnet National Ports Authority awarded the V&A Waterfront (Pty) Ltd the status of Preferred Bidder for the development of a cruise terminal at the Port of Cape Town, Transnet said on Tuesday. Once all negotiations are concluded
BMT JFA Consultants (BMT), a subsidiary of BMT Group, has been awarded a contract by the Western Australian Department of Transport (DoT) to provide services as Coastal Engineering Advisor for the Management of Beaches, Structures and Waterways at Port Geographe, Busselton.
High-tech underwater cameras help uncovering the secrets of HMAS Sydney A recent expedition to survey historic World War II shipwrecks has produced a wealth of stunning imagery of sunken warships HMAS Sydney (II) and the German raider HSK Kormoran, off the coast of Western Australia.
Iran’s largest shipping company NITC, the privatized Iranian shipping company, is in talks for permission to sail in Western waters, says a report in WSJ. NITC has amassed the world’s largest fleet of super tankers and is in talks to sail back into western waters should
The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome, Western Australia. The Browse project will capitalize on Shell's FLNG experience
Beijing and Moscow discussed the potential participation of Chinese companies in natural resources exploration in Russia's Arctic, a senior Chinese Foreign Ministry official said on Wednesday. Russia has been struggling to speed up oil and gas exploration in resource-rich offshore Arctic areas