Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 174

Wednesday, August 25, 1999
The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale is scheduled for August 25, 1999, in New Orleans. Sale 174 encompasses 3,642 unleased blocks, about 19.81 million acres, in the Western GOM Outer Continental Shelf Planning Area offshore Texas and in deeper waters offshore Louisiana. The blocks are located from nine to 200 miles offshore in water depths ranging from 26 ft. to more than 9,840 ft. There are 2,120 blocks in water depths of 656 ft. or more. This is the fourth sale in the Western Gulf of Mexico, and the seventh sale overall, in which blocks receiving bids in water depths of 656 ft. or more are eligible for consideration under provisions of the Deep Water Royalty Relief Act. The Proposed Notice of Sale offers all blocks in water depths of less 2,625 ft. for a minimum bid of $25 per acre. The minimum bid on blocks in water depths of 2,625 ft. or deeper has been changed to $37.50 per acre. The Proposed Notice of Sale will be posted on the MMS Website at http://www.mms.gov In addition, copies of the document are available from MMS's Gulf of Mexico Regional Office, Public Information Unit, 1201 Elmwood Park Boulevard, New Orleans, La. 70123 tel: 504-736-2519; toll free 800-200-GULF.

Legal

Philippines: Sea Dispute Won't Shift Ties with China, U.S.

The Philippines' territorial dispute with China over the South China Sea has not caused Manila to rebalance diplomatic ties with either its ally, the United States,

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

US Coast Guard Announces Final TWIC Rule

The U.S. Coast Guard announced Tuesday the publication of the final rule concerning Transportation Worker Identification Credential (TWIC) reader requirements. The

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation 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: 0.0801 sec (12 req/sec)