Gulf of Mexico Lease Sale Yields $102.4 Million in High Bids
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Department of the Interior’s Bureau of Ocean Energy Management today held Western Gulf of Mexico Lease Sale 233, which offered 20.7 million acres and attracted $102,351,712 in high bids for 53 tracts covering 301,006 acres on the U.S. Outer Continental Shelf (OCS) offshore Texas. A total of 12 offshore energy companies submitted 61 bids. The Western Gulf of Mexico Lease Sale builds on the first two auctions in the current Five Year Program – a 39-million-acre Central Gulf offering held in March, which netted almost $1.2 billion high bids and a 20-million-acre Western Gulf offering held last November that netted nearly $134 million.
ABS Elects New Council
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.
Western GOM Lease Sale Attracts Bids of $337 Million
The Department of the Interior’s Bureau of Ocean Energy Management announced that its Western Gulf of Mexico Oil and Gas Lease Sale 218, held today in New Orleans, attracted $337,688,341 in high bids and included 20 companies submitting 241 bids on 191 tracts comprising over a million acres offshore Texas. The sum of all bids received totaled $712,725,998. This announcement is consistent with steps President Obama announced in May 2011 to expand domestic oil and gas production safely and responsibly. “Today’s lease sale, the first since the tragic events of Deepwater Horizon, continues the Obama administration’s commitment to a balanced and comprehensive energy plan,” said Secretary of the Interior Ken Salazar, who attended the sale and provided opening remarks.
Western GOM Sale 210 Nets $111M in High Bids
The Minerals Management Service (MMS) has accepted high bids valued at $111,385,124 and awarded 155 leases to the successful high bidders who participated in Western Gulf of Mexico Oil and Gas Lease Sale 210 held August 19, 2009. Funds from the total high bids will be distributed to the general fund of the U.S. Treasury, shared with the affected States, and set aside for land and water conservation efforts that benefit all fifty states. The leases were awarded following the completion of an extensive, two-phase bid evaluation process to ensure that the Federal government receives a fair monetary return for the public mineral resources it makes available. During Lease Sale 210, twenty-seven companies submitted 189 bids on 162 tracts in the Western Gulf of Mexico.
SNAME Focused Panel Sessions, 2009 Meeting
The focused panel sessions at the Society of Naval Architects and Engineers (SNAME) Annual Meeting and Expo (October 21-23 at the Rhode Island Convention Center in Providence, Rhode Island) will feature four timely topics: Electric Ships; Renewable Energy from the Oceans; Unmanned and Autonomous Ships of the Future; and Ship Efficiency in the Greenhouse Gas Era. Each two-hour panel session will be chaired and moderated by experienced SNAME members. Each session will have three leading experts who will make thirty minute presentations on their area of expertise, followed by a moderated thirty minute discussion period which will include questions and answers from the audience.
Companies Sign Joint Contract with ConocoPhillips
Bay-Houston Towing Co., Suderman & Young Towing Co. LP, and Moran Towing Corporation are pleased to announce they have jointly contracted with the ConocoPhillips Company to provide harbor tug services for LNG vessels calling at the Freeport LNG terminal, currently under construction in the Port of Freeport, Texas. Bay-Houston and Suderman & Young will each provide one 6300 hp Z-Tech tractor tug while Moran Towing Corp. will provide a 5100 hp ASD tractor tug. ABS Escort Service; and ABS Fire Fighting Vessel Class 1. Galveston, Texas will operate the three tugboats. The tugs will deliver a combined bollard pull in excess of 235 short tons. The Z-Techs are powered by two Caterpillar 3516C HD engines providing 6300 hp (4700 kw). Schottel Model SRP 1520 Z-drives.
