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 Today


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

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

Finance

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

Yilport Acquires Sweden's Gavle Terminal

Turkish terminal operator Yilport Holding has gained full control of Gävle’s terminals.   Yilport Holding acquired 100% shares of Gävle Container Terminal (GCT) and Baltic Sea Gateway (BSG).

USCG Foundation Run to Remember Events Announced

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s Run

Energy

DNV GL 7 JIPs in North America

In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint

Dryad Maritime Unveil WxConnect

Today, 5th May 2016, Dryad Maritime release WxConnect, a new scalable, managed weather forecasting service for ships and fleets. The launch of the service comes

Transocean Posts Quarterly Profit on Cost Cutting

Offshore rig contractor Transocean Ltd posted a quarterly profit, compared with a year-earlier loss, as cost cutting helped counter a slump in crude oil prices.

Offshore Energy

DNV GL 7 JIPs in North America

In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint

Transocean Posts Quarterly Profit on Cost Cutting

Offshore rig contractor Transocean Ltd posted a quarterly profit, compared with a year-earlier loss, as cost cutting helped counter a slump in crude oil prices.

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Repair Ship Simulators 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: 0.0842 sec (12 req/sec)