LMOGA Offers Insights on Central Gulf Lease Sale

Posted by Greg Trauthwein
Thursday, March 20, 2014

Chris John, President of Louisiana Mid-Continent Oil and Gas Association: “The strong demand for offshore leases offered today, particularly in the deepwater, should remind all Americans, including our federal leaders in Washington, of the Gulf of Mexico’s vast potential to serve our country’s energy needs now and into the future. Louisiana businesses and residents will continue to work in support of this valuable energy development in the Gulf and proudly do our part to fuel this nation.”


Lori LeBlanc, Director of LMOGA Offshore Committee:  “Energy companies obviously recognize the tremendous opportunities for oil and gas production in the Gulf, as seen in today’s lease sale results, which is great news for Louisianans and Americans everywhere.  Current and future production in the Gulf secures our nation’s energy supply and contributes billions to the economy and federal treasury, which benefits us all. LMOGA’s new Offshore Committee is committed to promoting this great energy and economic resource, and keeping our men and women working in America’s Gulf.”


The U.S. Department of Interior offered more than 40 million acres for oil and gas exploration and development offshore Louisiana, Mississippi, and Alabama, receiving 380 bids on 326 blocks from 42 companies. The sale garnered more than $850 million in high bid revenues.

 

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

Energy

Leak May Sideline New Mexico Nuclear Waste Site

It may be five years before a nuclear waste dump in New Mexico closed by a radiation leak is fully operational again, and the facility will need at least $240

Imperial Oil Completes Maintenance at Kearl Oil Mine

Imperial Oil Ltd said on Tuesday it has completed a two-week major maintenance turnaround at its 110,000 barrel per day Kearl oil sands mine in northern Alberta.

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

Offshore Energy

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

N-Sea Completes Inaugural System Diving Scope

Inspection, maintenance and repair (IMR) specialist N-Sea has recently completed its inaugural diving scope with the TUP Diving System (Transfer Under Pressure).

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2441 sec (4 req/sec)