Record-size US Offshore Oil Lease Sale Draws Modest Bidding
the effort as a way to help the United States become more "energy dominant." "All-time Lows"? The U.S. government offers Gulf of Mexico leases annually, but usually in smaller regional batches. An auction in March 2017, for example, offered up 48 million acres in the Central Gulf of Mexico planning region. Consultancy Wood Mackenzie had expected demand for the acreage to get a boost from higher oil prices and lower corporate taxes, but pointed out interest could be hurt by competition from Latin America and concerns over the impact that U.S. tariffs on steel imports
Energy Industry Says 'No Thanks' to Trump Offer of Marine Sanctuaries
reviewed by Reuters shows the oil industry is bidding on less offshore acreage with less money than it has in years, in part because onshore reserves have become easier to tap with new drilling technology. The average price drillers have bid for available offshore drilling leases in the Central Gulf of Mexico, for example, declined to about $300 per acre this year, from more than $700 per acre in 2013. Even so, U.S. oil and gas production has surged because of the onshore boom: Production hit 8.85 million barrels per day in 2016, from 5.09 million a decade earlier, according to the U
BOEM Oil and Gas Lease Sale: 48m Acres
jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” Hopper said. “The exploration and development of the Gulf of Mexico’s energy resources will continue to help power our nation and drive our economy.” BOEM will livestream Central Gulf of Mexico Lease Sale 247 on March 22, 2017. Livestreaming the sale enables BOEM to deliver pertinent bid information immediately to a much broader national and international audience. The livestream broadcast will begin at 9 a.m. CST via the BOEM website at www.boem.gov. The twelfth and final
Dual Coil Shooting Full-Azimuth Multiclient Acquisition in GoM
today announce commencement of the Dual Coil Shooting* multi-vessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico. The surveys will cover approximately 7,150 km2 (306 blocks) in the Green Canyon, Atwater Valley and Ewing Bank protraction areas of the Central Gulf of Mexico. The Revolution XIl and XIII surveys will be acquired using the Schlumberger WesternGeco Q-Marine* point-receiver marine seismic system combined with the proprietary multivessel, Dual Coil Shooting acquisition technique, which will provide broadband, long-offset, full-azimuth data. This
TGS Continue GofM Seismic 3D Survey
TGS says it is continuing its Explorer Series seismic acquisition program in the deepwater U.S. Gulf of Mexico. Panfilo 3D will add 11,500 km2 to TGS' multi-client library in the Lund and Henderson Central Gulf of Mexico protraction areas. Acquisition will commence in Q4 2014 with the M/V Polarcus Adira towing ten kilometer streamers to image regional stratigraphy and deep basin structures. Data will be available in late 2015. Rod Starr, Senior VP Western Hemisphere for TGS commented, "This data volume will represent a continued investment in the deep water region of the Gulf of
EnerMech Acquisitions Extend its Presence in US, Africa
Stan Elmore, co-owners Nathan Charrier and Ernie Guth and their 20-plus staff have transferred to EnerMech. The cranes business line will continue to operate from Diversified’s 17,000 sq ft facility at Slidell and there are plans to open a second Louisiana base at Lafayette to service central Gulf of Mexico operations. The acquisition of Cape Town-based CVT is part of a three year £20 million investment programme to build a strong infrastructure across Africa, which has to date included the acquisition of cranes and load testing business Water Weights International SA, establishing
BOEM Proposes Central Gulf of Mexico Lease Sale
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. “The Central Gulf of Mexico is one of the most prospective and productive basins in the world, and this proposed sale continues the Administration’s all-of-the-above strategy to increase safe and responsible domestic energy production,” said BOEM Director Tommy P. Beaudreau. Central Gulf Lease Sale 227
TGS Reports Q3 2013 Revenue Drop, Gain of New Seismic Contracts
third quarter 2013 financial results Norway-HQ of seismic survey specialists TGS report net revenues of USD 191 million in Q3 2013, compared to USD 245 million in Q3 2012. Net late sales totaled USD 138 million, compared to USD 139 million in Q3 2012. New offshore contracts gained include: Central Gulf of Mexico The Francisco 3D multi-client survey in the Atwater Valley area of the central Gulf of Mexico expands upon the previously announced survey. Upon completion, the survey will total more than 6,667 km2 of seismic data in this frontier area of the Gulf of Mexico. Data processing
Nearly 21 Million Acres for Sale in Gulf of Mexico
auction follows extensive environmental analysis, public comment, and consideration of the best scientific information available. BOEM published a Final Supplemental Environmental Impact Statement to update the environmental analysis completed for proposed Lease Sale 233 and other Western and Central Gulf of Mexico lease sales scheduled under the current Five Year Program. The assessments can be found on the web at boem.gov/nepaprocess. The terms of this sale include conditions to ensure both orderly resource development and protection of the human, marine and coastal environments. These include
February 2024
