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

Finance

CMA CGM Intends Offer to Acquire NOL

Following the satisfaction and waiver (as the case may be) of the conditions set forth in the pre-conditional offer announcement dated 7 December 2015, CMA CGM S.

Oman Shipping Makes Profit

Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News

Korean Shipbuilder Could Be Liquidated

South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ.

Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

Offshore Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

Höegh LNG FSRUs on Strong Ground

Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Sonar
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: 0.0861 sec (12 req/sec)