U.S. Invites Industry Interest in Oil and Gas Lease Sale

Press Release
Tuesday, March 27, 2012

Washington - The Department of the Interior is seeking input from industry to determine interest in oil and gas exploration off the coast of South-Central Alaska – a key step in the planning process for a potential oil and natural gas lease sale in the Cook Inlet Planning Area.

This is the latest step by the Obama Administration toward production in Alaska’s offshore areas, and builds on broader steps to increase production in Alaska.

“Today’s announcement is part of our commitment to increasing safe and responsible domestic oil and gas production as part of an all-of-the-above energy strategy for America,” said Secretary of the Interior Ken Salazar. “We will continue to support efforts to safely expand offshore oil and gas exploration, using the best science to assess where recoverable resources lie and providing industry with abundant opportunity to lease and develop areas containing those resources.”

The Department’s Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017, which makes federal offshore areas containing more than 75 percent of estimated undiscovered, technically recoverable oil and gas resources on the U.S. OCS available for exploration and development, includes one potential special-interest lease sale in the Cook Inlet Planning Area (Sale 244). A special-interest lease sale first asks operators to nominate specific tracts in the planning area they potentially would be interested in exploring and developing through a Request for Interest (RFI). This initial request asks industry, the public, and key stakeholders about geologic, biological, archaeological, subsistence and/or or socio-economic conditions which might bear on potential leasing and development decisions.
The publication of this RFI does not indicate a decision to lease in the Cook Inlet Planning Area. BOEM will not make a decision about any potential lease sale before finalizing the 2012–2017 OCS Oil and Gas Leasing Program, and determining whether there is adequate interest in holding this sale and conducting thorough environmental reviews. If BOEM moves forward with planning for the potential sale, the bureau will then conduct environmental review and consultation under the National Environmental Policy Act and other laws. BOEM will remain in close coordination with the state of Alaska, as well as with local and Native Alaskan governments, and other stakeholders throughout this process.

Between 1978 and 1985, 13 exploration wells were drilled in the federal waters of the Cook Inlet Planning Area. Currently, there are no active oil or gas exploration or development facilities in the federal waters there. The area’s state waters contain 16 production platforms, 12 of which are currently active.
 


Offshore

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

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

Environmental

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

Energy

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

ABS Makes it Safer to ‘Walk to Work’

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers.

News

Coast Guard Foundation Awarded 128 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

NASA May Send Submarine to Titan

NASA has unveiled plans to send a submarine into the depths of the largest ocean of Saturn's biggest moon, Titan in a bid to explore the depths of its largest ocean.

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Salvage 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: 0.1142 sec (9 req/sec)