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
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
Pellerin Water Solutions (PWS), a subsidiary of Pellerin Energy Group (PEG), has designed and built a Horizontal Flotation Separator (HF- SEP) for Stone Energy Corporation. The specifically designed HF- SEP with dissolved gas flotation (DGF) technologies will enhance the separation process of oil and produced water which will maximize production and increase profitability. Stone Energy will incorporate the HF-SEP with its deepwater facility, Pompano, situated in the Gulf of Mexico (GOM).
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
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
Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014. Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet
Marine and coastal environment specialist, BMT Oceanica (BMT), a subsidiary of BMT Group Ltd, is delighted to announce that it has won the bid to provide Ocean Outlet Monitoring services for Western Australia’s Water Corporation.
Montreal has emerged as an export base for Western Canadian heavy sour crudes as prospects to construct new pipelines to the British Columbia coast, Eastern Canada and U.S. fade. Suncor, owner and operator of the 137,000 b/d Montreal East refinery in Quebec, loaded 35
Greece safely evacuated embassy staff and more than one hundred Chinese and European nationals from Libya early on Friday with a navy frigate sailing back to the Greek port of Piraeus, its defence ministry said. Athens had sent a frigate and two other vessels to Libya to evacuate workers at its
Rates for capesize bulk carriers on key Asian routes are set to slide next week as too many ships chase too few cargoes from Australia and Brazil, brokers said. There are around 32 capesize ships in ballast and currently available for charter
The Danish Mariime Authority (DMA) informs that a number of North Western European countries have made a commitment in Copenhagen to cooperate on making the control of ships’ sulphur emissions more efficient. The DMA describes the various countries' commitment as being an
Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods, but that may be wishful thinking. Accords China will sign with Brazil when Xi meets with President Dilma Rousseff on
Blue Growth a priority as EU launches Adriatic and Ionian Strategy Better cooperation between countries in the Adriatic and Ionian regions is needed to address shared challenges and better exploit joint opportunities, the EU Fisheries department said today in a statement
The White House said on Friday there was a "credible prospect for a comprehensive deal" with Iran over its nuclear program that made it necessary to extend talks with Western powers another four months. "This extension will allow us to continue the negotiations while
In the first comprehensive overview of its kind, DNV GL has mapped out what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters. The roadmap document called “Verification for compliance with United States
Rain mixed with sunny spells last week in most of Ivory Coast's main cocoa regions helped the development of plentiful small pods, suggesting a strong start to the next main crop as the mid-crop tails off, farmers said on Monday. The mid-crop opened on April 1 in the world's top cocoa grower
A senior Russian official said on Monday he doubted France would cancel its sale of warships to Russia, despite coming under pressure from other Western leaders seeking to sanction Moscow after the downing of a Malaysian airliner in Ukraine.
DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters. In what DNV GL is calling the first comprehensive overview of its kind , the roadmap document entitled “Verification for
Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round, along with Respol and ExxonMobil. Statoil said it will hold 33.33% in the license, while Repsol will be the operator of the license and will
Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%.