A US appeals court on Tuesday ordered the federal government to hold a postponed lease sale inthe Gulf of Mexico within 37 days, a win for the oil and gas industry and a setback forenvironmentalists seeking to protect an endangered whale. The Fifth Circuit Court of Appeals rejected a motion...
The U.S. Gulf of Mexico has faced waning interest in recent years as competition stepped up from other basins globally, as well as from onshore shale basins and Mexico's waters in the Gulf. Oil companies had lobbied for lower royalty payments for deepwater acreage because of the projects'...
API Appeals Gulf of Mexico Lease Sale Ruling “Today we’re taking action to preserve American energy leadership and ensure that development in the Gulf of Mexico can continue to play a critical role in meeting the nation’s energy needs, while generating billions in revenue for critical conserva...
Gulf of Mexico lease sale revenues fall.Seeley, Rachael
Western Gulf of Mexico Lease Sale Revenues Fall Sharply Revenue raised in the latest Western Gulf of Mexico lease sale Wednesday fell to a 10- year low, reflecting the steep drop in oil and gas prices over the last year and a demanddampening recession. In all, the 27 companies participating...
The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. An increase of about $66 million (37%) from the last region-wide lease sale in Augus
In March 2018, the Bureau of Ocean Energy Management held a lease sale for more than 14,000 Federal Gulf of Mexico blocks, most of which did not receive any bids. Although the results of this auction will not affect short-term forecast of GOM production through 2019, the level of interest...
Central Gulf of Mexico Planning Area (CPA) Outer Continental Shelf (OCS) Oil and Gas Lease Sale 235 (CPA Sale 235); Correction An oil spill risk analysis was conducted for the Gulf of Mexico Outer Continental Shelf (OCS) lease area region. Results of the analysis can be used to determine...
THE US government plans to conduct a new offshore oil and gas lease sale in the Gulf of Mexico next month, following a successful auction in federal waters that took place in March. The US Bureau of Ocean Energy Management (BOEM) will ho... ...