Latest GOM Lease Sale Draws More Bids

Wednesday, August 23, 2000
Oil and gas companies, enjoying increased cashflow as a result of strong energy prices, submitted a higher number of bids in the latest Western Gulf of Mexico lease sale, the U.S. Minerals Management Service said.

The sale drew 266 bids from 52 companies on 226 exploration blocks, up from 177 bids from 41 companies on 153 blocks in the previous Western Gulf of Mexico lease sale, held in August last year.

A total of 3,789 blocks covering 20.6 million acres offshore Texas and Louisiana were offered in the latest lease sale. The blocks are at distances of nine to 200 miles offshore and water depths range from eight meters to more than 3,000 meters.

Acreage in shallow water proved most popular, with bids received on 129 blocks in depths up to 200 meters. Bids were also received on 81 blocks in depths of over 800 meters and on 16 blocks in intermediate depths of 200 to 800 meters.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

US Oil Drillers Add Rigs for 4th Week in 5

U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the

Norsafe Secures Contract with VARD Group

Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels.    Topaz Energy

India’s Potential in Offshore Wind Power

The Global Wind Energy Council (GWEC) launched a new report: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu in India.

Navigation

Paris MoU Reports Decrease in 'Bans'

Paris MoU reports that 2015 shows a large decrease in the refusal of access (“bans”) within the region: 11 bans compared to 20 in 2014. The detention percentage has remained stable at 3.

China Slams South China Sea Case as Court Set to Rule

An international court said on Wednesday it would deliver a hotly anticipated ruling in the Philippines' case against China over the South China Sea on July 12,

Waterway Reopened after Barge Grounding

The U.S. Coast Guard has opened the Red River from mile marker 40 to mile marker 42 for vessel traffic, Monday.   The Red River had been closed due to a barge that had run aground at mile marker 41,

 
 
Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0645 sec (15 req/sec)