NOIA Weighs in on GOM Lease Sale

Posted by Greg Trauthwein
Thursday, March 20, 2014

National Ocean Industries Association President Randall Luthi issued the following statement following today’s Gulf of Mexico offshore oil and gas lease sales:


 
"Today's sale results reflect the state of the offshore oil and natural gas industry.  Industry’s consistent commitment to the Gulf of Mexico is evident, which is remarkable given the relative ease of producing oil and natural gas onshore, the expansion of competing offshore programs in other countries and some continuing regulatory uncertainty here at home.



“In spite of these factors, industry has not given up on the Gulf of Mexico, and NOIA members led the sale in the amount of bids and high bids.  Deepwater continues to lead, but today’s bidding also showed that the shelf is still worth pursuing.  The majors demonstrated once again that they have the revenue to invest in the deepwater frontier areas, and smaller operators also showed they are serious investors on the shelf as well as in deepwater and are in the GOM to stay.
 


“NOIA congratulates the high bidders in the sale, and we applaud the efforts of our member companies who continue to supply the United States with good paying jobs, reliable and affordable energy, and help our country lead in energy development.  NOIA further congratulates BOEM on conducting another successful GOM sale."

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

News

Is China Building a Naval Base in Africa?

Recently, The Namibian reported the existence of a "confidential letter from Namibia's ambassador to China, Ringo Abed, to Namibia's foreign minister stating that

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Puerto Rico Readies for Largest Cruise Ships

Thanks to a pier expansion and enhancement, Puerto Rico will welcome the two largest cruise ships in the world, Royal Caribbean International’s Oasis of the Seas and Allure of the Seas, in 2016.

Offshore Energy

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.

Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Ship Electronics 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: 0.1690 sec (6 req/sec)