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Sunday, January 21, 2018

Lease Sales News

BOEM Offers Cook Inlet Blocks Offshore Alaska

Pic: BOEM

The Bureau of Ocean Energy Management (BOEM) announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21. Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south. “We conducted a robust environmental analysis and look forward to holding Alaska’s first OCS lease sale since 2008,” said Dr. Walter Cruickshank, BOEM’s acting director.

BOEM: 38 Million-Acre Oil &Gas Lease Sale in the Central GOM

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in the Central Gulf of Mexico for oil and gas exploration and development. Thesale will build on two major Gulf of Mexico lease sales in the last year – a 21 million acre sale held last December and a 39 million acre sale held in June. Proposed Lease Sale 227, scheduled to take place in New Orleans on March 20, 2013, will offer all unleased areas in the Central Gulf of Mexico Planning Area, offshore Louisiana, Mississippi, and Alabama and could lead to the production of up to nearly a billion barrels of oil and nearly 4 trillion cubic feet of natural gas.

DOI Issues FSEIS for Chukchi Sea Lease Sale

The U.S. Department of the Interior (DOI) released a Final Supplemental Environmental Impact Statement (FSEIS) for Chukchi Sea Lease Sale 193, moving the DOI a step closer to resolving federal court concerns regarding the 2008 oil and gas leases offshore Alaska. The FSEIS updates the Bureau of Ocean Energy Management’s (BOEM) estimates of the full range of production levels from offshore oil fields that might be developed in the Chukchi Sea as well as the related potential environmental effects of the lease sale. “Alaska is a critical component of our nation’s energy portfolio, and the Chukchi Sea has substantial oil and gas potential, as well as sensitive marine and coastal resources that Alaska Native communities depend on for subsistence,” said Secretary of the Interior Sally Jewell.

MMS Issues Final Notice of Central Gulf Lease Sale 198

The Minerals Management Service (MMS) has announced the Final Notice of Lease Sale 198 for offshore oil and gas in the Central Gulf of Mexico (GOM). The lease sale is scheduled for March 15, 2006, in New Orleans. The lease sale encompasses 4,040 unleased blocks of approximately 21.3 million acres in the Outer Continental Shelf (OCS) Planning Area offshore Louisiana, Mississippi, and Alabama. The blocks are located from three to about 210 miles offshore in water depths of four to more than 3,400 meters. MMS estimates the lease sale could result in the production of between 276 to 654 million barrels of oil and 1.59 to 3.30 trillion cubic feet of natural gas.

BOEM Proposes Central Gulf of Mexico Lease Sale

Photo: BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Central Planning Area (CPA) oil and gas lease sale 231 in New Orleans on March 19, 2014. The sale is the second CPA lease sale and the fourth overall sale under the 2012 – 2017 Outer Continental Shelf Oil and Natural Gas Leasing Program. The auction will offer 39 million acres offshore Louisiana, Mississippi, and Alabama, include all available unleased areas in the CPA.

Obama Administration Offers Over 20 Million Acres

Western Gulf of Mexico Lease Sale Yields $133.8 Million in High Bids on Over 652,520 Acres, Only Latest in a Series of Recent Major Offshore Oil and Gas Sales. 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 229, which offered over 20 millions acres and attracted $133,767,074 in high bids for 116 tracts covering 652,522 acres on the U.S. Outer Continental Shelf (OCS) offshore Texas. A total of 13 offshore energy companies submitted 131 bids.

Moratorium Off Florida Coast

In addition to the annual Central Gulf lease sales, the Minerals Management Service, part of the U.S. Interior Department, also holds an annual lease sale in the Western Gulf. Lease sales in the Central Gulf typically attract more bids than those in the Western Gulf because the region is richer in oil and gas and more discoveries have been made there. Shallow water drew most attention in the latest Central Gulf lease sale, with bids received on 338 blocks in depths up to 656 ft.. High bids totaled $167.5 million. Bids were received on 157 blocks in depths of over 2,624 ft., with high bids totaling $274.2 million. Companies also bid on 52 blocks in intermediate depths, with high bids amounting to $63.7. million. — (Reuters)

NOIA Supports DOI’s Mid- and South Atlantic G&G Impact Statement

Washington, D.C.– The National Ocean Industries Association (NOIA) appreciates that the Draft Programmatic Environmental Impact Statement (DPEIS) for the Mid- and South Atlantic G&G Activities announced by the Department of the Interior is an important first step toward potential energy exploration and development in the Atlantic Outer Continental Shelf (OCS). “Since the areas have been largely unexplored for over two decades, due to executive and Congressional bans, the chance to conduct G&G activities there using modern-day technology is a welcome step,” said NOIA President Randall Luthi. In the case of Virginia, despite the strong bipartisan support for offshore oil and gas exploration from the Governor…

Feds to Offer 122K Acres Offshore NC for Wind

South Carolina Call Areas.

The Bureau of Ocean Energy Management (BOEM) announced that 122,405 acres offshore Kitty Hawk, North Carolina will be offered in a commercial wind lease sale on March 16, 2017. “Today’s announcement demonstrates how our collaborative efforts with Federal, state and local partners over the past eight years have built a foundation to harness the enormous potential of offshore wind energy,” said Secretary Jewell. The Kitty Hawk lease sale is the latest effort in the Obama Administration’s renewable energy program at the U.S.

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement (EIS) for proposed Central Planning Area (CPA) Lease Sales 241 and 247 and Eastern Planning Area (EPA) Lease Sale 226. The proposed CPA oil and gas lease sales are tentatively scheduled to be held in March 2016 and 2017, respectively, and the proposed EPA Lease Sale 226 is tentatively scheduled to be held in March 2016 under the Proposed Final Outer Continental Shelf Oil & Gas Leasing Program:  2012-2017.

Latest GOM Lease Sale Draws More Bids

Oil and gas companies, enjoying increased cashflow as a result of strong energy prices, submitted a higher number of bids in the latest Western Gulf of Mexico lease sale, the U.S. Minerals Management Service said. The sale drew 266 bids from 52 companies on 226 exploration blocks, up from 177 bids from 41 companies on 153 blocks in the previous Western Gulf of Mexico lease sale, held in August last year. A total of 3,789 blocks covering 20.6 million acres offshore Texas and Louisiana were offered in the latest lease sale. The blocks are at distances of nine to 200 miles offshore and water depths range from eight meters to more than 3,000 meters. Acreage in shallow water proved most popular, with bids received on 129 blocks in depths up to 200 meters.

Salazar to Open Western GOM Lease Sale 218

Department of the Interior Secretary Ken Salazar will open Western Gulf of Mexico Lease Sale 218 in New Orleans today at 9 a.m. CST at the Mercedes-Benz Superdome with brief remarks. The sale, held by the Bureau of Ocean Energy Management (BOEM), has attracted 241 bids submitted by 20 companies on 191 tracts offshore Texas, compared to 189 bids submitted by 27 companies on 162 tracts during the previous Western Gulf Lease sale in August 2009. Blocks are located in federal waters from nine to more than 250 miles offshore, in water depths of about 16 feet (five meters) to more than 10,975 feet (3,346 meters). BOEM estimates that this sale could result in production of approximately 222 to 423 million barrels of oil and 1.49 to 2.65 trillion cubic feet of natural gas.

Gov: No Offshore Signoffs Without Royalty Share

Louisiana’s governor warned that the state would not support future offshore lease sales in the Gulf of Mexico unless Louisiana gets a share of the federal royalties generated by oil production there. Under a federal law that governs offshore drilling, governors in adjacent states are required to agree that federal lease sales are consistent with their states' coastal management plans. Louisiana governors have traditionally signed off on such lease sales, and the current governor’s letter will not stop a March 15 lease sale of 4,000 blocks in the Gulf of Mexico for oil and gas exploration. However, the August lease sale could be held up. This is the latest push for a share of federal royalties from oil and gas production off Louisiana's coast.

NOIA Optimism on Gulf of Mexico Oilfield Sales

Overall, compared to the last two years, we are seeing a positive trend for the offshore industry in the Gulf of Mexico, and we are looking forward to WednesdayÂ’s lease sale with cautious optimism. “Not only is this the first Central Gulf of Mexico sale in two years and the last lease sale in the current five year OCS leasing plan, but the 2012-2017 plan is not yet out, so it is unclear when the next Central Gulf sale will occur. These factors likely point to pent-up demand and interest in leases. If you consider a few big discoveries in the Central Gulf over the past few years, such as ChevronÂ’s Hadrian discovery and BPÂ’s Tibor and Kaskida discoveries in deepwater and McMoranÂ’s Davey Jones discovery in shallow water, there may be heavy interest in both deepwater and shallow water blocks.

Gulf of Mexico Oil &Gas Lease Sale Announced

Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. This announcement is consistent with steps President Obama announced in May, 2011 to expand domestic oil and gas production safely and responsibly. This sale follows BOEM’s completion of a supplemental environmental impact statement analyzing the effects of the Deepwater Horizon spill on the Western Gulf of Mexico. Lease Sale 218 will be held in the Louisiana Superdome in downtown New Orleans on Dec. 14, 2011. The sale will include all available unleased areas in the Western Gulf Planning Area offshore Texas.

Offshore Energy Lease Sale Announced by US Administration

As part of President Obama’s all-of-the-above energy strategy to expand safe and responsible domestic energy production, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announce that BOEM will offer more than 20 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Proposed Western Gulf of Mexico Lease Sale 229, scheduled to take place in New Orleans on November 28, 2012, will be the first offshore sale under the Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program).

BOEM : Potential Cook Inlet Lease Sale

Courtesy BOEM

The Bureau of Ocean Energy Management (BOEM) today announced it plans to offer approximately 1.09 million acres in Cook Inlet off Alaska’s southcentral coast in a proposed lease sale this year. Cook Inlet Oil & Gas Lease Sale 244, scheduled to take place in June 2017, would offer 224 blocks toward the northern part of the Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south. “Following a robust environmental analysis…

BOEM Announces Meetings for New GOM Oil & Gas Lease Sales

The Bureau of Ocean Energy Management (BOEM) will hold a series of public scoping meetings to gather information for an environmental impact statement (EIS) for the proposed oil and gas lease sales in Gulf of Mexico’s Eastern Planning Area offshore Florida and Alabama. This EIS is for proposed Lease Sales 225 and 226, which are included in the Proposed Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017. A leasing program consists of a proposed schedule of oil and gas lease sales indicating the size, timing, and location of proposed leasing activity for the five-year period following its approval by the Secretary of the Interior.

Dept. of the Interior Raises $539M in Gulf Lease Sale

   Sally Jewell, Secretary of the Interior (Dept. of the Interior photo by Tami Heilemann)

The U.S. Department of the Interior sold leases on oil and gas properties in the Gulf of Mexico today, receiving $538.7 million in high bids. The U.S. Department of the Interior's Bureau of Ocean Management (BOEM) took bids for 169 tracts on the U.S. Outer Continental Shelf off Louisiana, Mississippi and Alabama, the Bureau announced in a press release. 42 offshore energy companies submitted a total of 195 bids totaling $583 million, meaning most of the tracts had just one bidder.

NOIA’s Luthi Testifies at House Natural Resources Subcommittee Hearing

NOIA - Randall Luthi President of the National Ocean Industries Association Photo NOIA

NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R. “NOIA applauds Congressman Graves and Ranking Member Lowenthal for their bipartisan sponsorship of the Innovation in Offshore Leasing Act and thanks the Energy and Mineral Resources Subcommittee for holding today’s hearing. “Offshore energy development is a vital part of the U.S. economy, providing jobs, energy security and much needed government revenue.

BOEM Public Meetings on Gulf Central Planning Area

The Bureau of Ocean Energy Management (BOEM) is preparing a supplemental Environmental Impact Statement (EIS) for proposed Central Planning Area (CPA) lease sales beginning with Lease Sale 235 in the Gulf of Mexico off the states of Alabama, Mississippi and Louisiana. Sale 235 is scheduled to be held in 2015. The study will also cover CPA lease sales 241 and 247, to be held in 2016 and 2017 respectively. The supplemental EIS will update the environmental and socioeconomic analyses completed in July 2012 and in April 2013. The supplemental EIS will consider possible new circumstances and information arising from, among other things, the Deepwater Horizon explosion, oil spill and response.

BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Proposed Western Gulf of Mexico Lease Sale 238…

Birnbaum Hosts Western GOM Lease Sale 210

The Director of Minerals Management Service, Liz Birnbaum, will host Western Gulf of Mexico Lease Sale 210 in New Orleans on August 19. She will open the Federal oil and gas lease sale at 9:00 a.m. CDT at the Royal Sonesta Hotel with brief remarks. Immediately following the bid reading, she will hold a media availability to discuss the results of the sale. The sale, held by the U.S. Department of the Interior’s Minerals Management Service (MMS), encompasses 3,435 unleased blocks covering approximately 18.4 million acres in the Western GOM Outer Continental Shelf Planning Area offshore Texas. The blocks are located in Federal waters from nine to more than 250 miles offshore, in water depths of 16 feet (5 meters) to more than 10,978 feet (3,346 meters).

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