Marine Link
Tuesday, January 23, 2018

Western Gulf News

Offshore Lease Generates $115m

A sale of federal oil and natural gas leases for the Western Gulf of Mexico attracted $115,466,321 million in high bids, Secretary of the Interior Ken Salazar announced. To date this year, the department has offered 55 million acres of U.S. public land – onshore and offshore – for oil and gas development, generating more than $875m in revenues. “The responsible development of oil and gas resources on U.S. public lands is an integral part of President Obama’s comprehensive energy strategy for the nation,” Secretary Salazar said. Western Gulf of Mexico Oil and Gas Lease Sale 210, held in New Orleans by Interior’s Minerals Management Service, received 189 bids on 162 federal Outer Continental Shelf tracts from 27 companies. The sum of all bids received totaled $145,186,365.00.

NOAA Declares Whale Deaths an ‘Unusual Morality Event’

Bears feeding on a fin whale carcass in Larson Bay, Alaska, near Kodiak. Credit: NOAA

The U.S. National Oceanic and Atmospheric Administration (NOAA) has declared the recent deaths of 30 large whales in the western Gulf of Alaska an "unusual mortality event," triggering a focused, expert investigation into the cause. An unusual mortality event is a stranding event that is unexpected, involves a significant die-off of a marine mammal population and demands immediate response. Since May 2015, 11 fin whales, 14 humpback whales, one gray whale and four unidentified…

Western Gulf of Mexico Lease Sale 174 Attracts $94.6 Million in High Bids

A Federal offshore natural gas and oil lease sale in the Western Gulf of Mexico received $94.7 million in high bids. The U.S. Department of the Interior's Minerals Management Service (MMS) received 177 bids totaling $104.2 million at the sale held in New Orleans. The 41 participating companies bid on 153 tracts in the Western Gulf of Mexico, offshore Texas and in deeper waters offshore Louisiana. "The results of the sale are about what we expected," said MMS Gulf of Mexico Regional Director Chris Oynes. "It is reflective of the large inventory of tracts already under lease. MMS officials said 86 tracts receiving bids are in water depths of 656 ft. or more. The highest bid on a tract was $11.3 million, submitted by Kerr-McGee Oil & Gas Corporation for NG15-02 Garden Banks 877.

BOEMRE Completes Final Supplemental EIS for Western Gulf of Mexico Lease Sale

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sale 218 in the Western Planning Area in the Gulf of Mexico. The SEIS updates the findings in several previously published environmental reviews covering the Gulf of Mexico. It also incorporates the latest available information pertaining to the Western Gulf of Mexico Planning Area following the Deepwater Horizon explosion and oil spill. “The analysis contained in this Final SEIS incorporates new research and reflects broad public input on the environmental effects of oil and gas operations in the Gulf of Mexico,” said BOEMRE Director Michael R. Bromwich.

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)

Obama Administration: More Than 20 Million Acres Offshore Texas for Bid

As part of President Obama’s all-of-the-above energy strategy, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Western Gulf of Mexico Lease Sale 229, which will be held on November 28, 2012, in New Orleans, will build on two major Gulf of Mexico lease sales in the past year—a 21 million acre sale held last December and a 39 million acre sale held in June—and supports the Administration’s goal of continuing to increase domestic oil and gas production…

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.

Nearly 21 Million Acres for Sale in Gulf of Mexico

The Bureau of Ocean Energy Management (BOEM) announced final details for the Western Gulf of Mexico Lease Sale 233. The sale will take place on August 28 and will cover roughly 20.7 million acres million acres offshore Texas for oil and gas exploration and development. The bureau estimates the proposed lease sale could result in the production of 116 to 200 million barrels of oil and 538 to 938 billion cubic feet of natural gas. The sale offers 3,864 blocks, located from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet (five to 3,346 meters). The sale, which will be held at the Mercedes-Benz Superdome in New Orleans, includes all available unleased or non-protected areas in the Western Gulf of Mexico Planning Area.

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.

BOEMRE: Proposed Gulf of Mexico Oil and Gas Lease Sale

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today announced that BOEMRE will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. Consistent with steps President Obama announced in May 2011 to expand domestic oil and gas production safely and responsibly, the proposed Western Gulf of Mexico Lease Sale 218 is scheduled to be held in New Orleans on December 14, 2011. The sale will include all available unleased areas in the Western Gulf Planning Area offshore Texas. “This sale is an important step toward a secure energy future that includes safe…

Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 174

The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale is scheduled for August 25, 1999, in New Orleans. Sale 174 encompasses 3,642 unleased blocks, about 19.81 million acres, in the Western GOM Outer Continental Shelf Planning Area offshore Texas and in deeper waters offshore Louisiana. The blocks are located from nine to 200 miles offshore in water depths ranging from 26 ft. to more than 9,840 ft. There are 2,120 blocks in water depths of 656 ft. or more. This is the fourth sale in the Western Gulf of Mexico, and the seventh sale overall, in which blocks receiving bids in water depths of 656 ft.

Canada Fines another Vessel for Speeding

Federal Cardinal (Photo: Fednav)

Transport Canada has issued a $6,000 fine to the owner of Panama flagged bulk carrier Federal Cardinal after the supramax vessel allegedly failed to comply with vessel speed restrictions in the Gulf of St. Lawrence. In August Canada put in place a temporary mandate for vessels of 20 meters or more to slow to a maximum of 10 knots due to the increased presence of whales in the western Gulf of St. Lawrence, between the Quebec north shore and just north of Prince Edward Island – a rule that will remain in effect until the whales have migrated away from the area.

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.

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.

As US Opens Up Offshore Waters, Eastern GoM Beckons

© xmentoys / Adobe Stock

President Donald Trump's administration has proposed opening up nearly all of America's offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. The industry's focus on an area located near a sprawling network of existing platforms, pipes and ports could ease the path to new reserves, and assuage the drilling opponents near other places offered under the Interior Department's proposed drilling plan issued last week, like California's Pacific, the Atlantic and Arctic.

Major Offshore Tracts to be Opened

Secretary of the Interior Dirk Kempthorne announced a major federal initiative to boost oil and natural gas production on the U.S. Outer Continental Shelf in the Gulf of Mexico and off Alaska. The program could produce 10 billion barrels of oil and 45 trillion cubic feet of natural gas over 40 years, generating almost $170 billion. “The Outer Continental Shelf is a vital source of domestic oil and natural gas for America, especially in light of sharply rising energy prices and increasing demand for these resources,” Kempthorne said. Interior’s Minerals Management Service developed the initiative, known as the Five Year Outer Continental Shelf Oil and Gas Leasing Program, to guide domestic energy leasing on the OCS from 2007 to 2012. The program proposes 21 lease sales in 8 planning areas.

MMS Issues Final Notice of Sale

The U.S. Department of the Interior's Minerals Management Service (MMS) has published the Final Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale will be held August 25, 1999, at the Hyatt Regency Conference Center (Cabildo Rooms), 500 Poydras Plaza, New Orleans. This is the fourth sale in the Western GOM, and the eight sale overall, in which blocks receiving bids in water depths of 656 ft. or more are eligible for consideration under provisions of the Deep Water Royalty Relief Act. The Final Notice of Sale offers all blocks in water depths of less than 2,625 ft. for a minimum bid of $25.00 per acre. The minimum bid on blocks in water depths of 2,625 ft. or deeper has been changed to $37.50 per acre.

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.

Western Gulf of Mexico: 21 Million Acres up for O&G Development

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 announced that BOEM will hold a lease sale tomorrow that will make nearly 21 million acres offshore Texas available for oil and natural gas exploration and development. BOEM estimates that Western Gulf of Mexico Lease Sale 233 could lead to the production of up to 200 million barrels of oil and 938 billion cubic feet of natural gas. During tomorrow’s lease sale, BOEM will open 61 bids submitted by 12 companies on 53 offshore blocks. “Safe and responsible development of the Gulf of Mexico’s vital energy resources will continue to help power our nation and drive our economy…

Obama to Extend Drilling Moratorium

According to a May 26 report from the New York Times, President Obama plans to announce that he is extending the moratorium on permits to drill new deepwater wells for six more months and will delay or cancel specific projects off the coasts of Alaska and Virginia and in the western Gulf of Mexico, a White House official said. (Source: The New York Times)

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.

Record Low Interest in US GoM Leases

A U.S. government sale of oil and gas drilling leases in the western Gulf of Mexico attracted the lowest number of bids on record on Wednesday as slumping oil prices kept producers from plowing money into expensive offshore prospects. The yearly sale, held by the Bureau of Ocean Energy Management (BOEM), attracted $22.7 million in high bids, the smallest in the western Gulf since 1983 when leases were first broken down into regions, the BOEM said, reaping just one fifth of the value of last year's offers. "The continuing drop in oil prices and low natural gas prices obviously affect industry's short-term investment decisions," BOEM Director Abigail Ross Hopper said in a statement, also stressing the long term potential of Gulf of Mexico oil and gas production. U.S.

US Kicks off Evaluation of Offshore Oil, Gas Leases

The U.S. Department of the Interior took its first steps on Friday to develop the next five-year schedule of potential offshore oil and gas lease sales. Interior issued a request for information and comments on the oil and gas leasing program for U.S. coastal waters to run from 2017 to 2022, kicking off a 45-day comment period. The planning process for federal waters surrounding the United States known as the Outer Continental Shelf (OCS) will take up to three years to complete, the agency said. "The development of the next five-year program will be a thorough and open process that incorporates stakeholder input and uses the best available science," Interior Secretary Sally Jewell said in a statement. U.S.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News