• 2017 July 17 11:15

    DOI announces 76 million acres offered in Gulf of Mexico region-wide oil and gas lease sale

    U.S. Secretary of the Interior Ryan Zinke announced that the Department would offer 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. The region-wide lease sale scheduled for August 16, 2017 would include all available unleased areas in federal waters of the Gulf of Mexico and provide a reduced royalty rate for shallow water leases to encourage exploration and production under current market conditions, U.S. Department of the Interior said in its press release.

    Lease Sale 249, scheduled to be livestreamed from New Orleans, will be the first offshore sale under the National Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. Under this program, ten region-wide lease sales are scheduled for the Gulf, where resource potential and industry interest are high, and oil and gas infrastructure is well established. Two Gulf lease sales will be held each year and include all available blocks in the combined Western, Central, and Eastern Gulf of Mexico Planning Areas.

    On June 29, President Donald J. Trump and Secretary Zinke announced the public comment period for a new Five-Year National OCS Oil and Gas Leasing Program. The comment period is the first step in executing the new program. The 2017-2022 Program, which begins with the lease sale announced today, will continue to be executed until the new National OCS Oil and Gas Leasing Program is complete.

    "Our Outer Continental Shelf lands offer vast energy development opportunities and we are committed to encouraging increased energy exploration and production in these offshore areas to maintain the Nation’s global dominance in energy production," Secretary Zinke said. "As a global energy leader, we will foster energy security and resilience for the benefit of the American people.  A strong offshore energy plan that responsibly harnesses more of our resources will spur economic opportunities for industry, states, and local communities, creating jobs and revenue.  That's why we also are developing a new national Outer Continental Shelf oil and gas program that will best meet our future energy needs."

    Lease Sale 249 will include about 14,220 unleased blocks, located from three to 231 miles offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths ranging from nine to more than 11,115 feet (three to 3,400 meters). Excluded from the lease sale are blocks subject to the Congressional moratorium established by the Gulf of Mexico Energy Security Act of 2006; blocks that are adjacent to or beyond the U.S. Exclusive Economic Zone in the area known as the northern portion of the Eastern Gap; and whole blocks and partial blocks within the current boundary of the Flower Garden Banks National Marine Sanctuary.

    "To advance commonsense domestic energy production, the terms of this sale have been developed through extensive environmental analysis, public comment, and consideration of the best available information,” said Counselor to the Secretary on Energy Policy Vincent DeVito. “This will ensure appropriate resource development and further our energy dominance strategy.”

    The Gulf of Mexico OCS, covering about 160 million acres, has technically recoverable resources of 550 million barrels of oil and 1.25 trillion cubic feet of gas, accounting for nearly three-fourths of the oil and a fourth of the natural gas produced on federal lands.

    The lease sale terms include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species, and avoid potential conflicts associated with oil and gas development in the region. Additionally, BOEM has included appropriate fiscal terms that take into account market conditions and ensure taxpayers receive a fair return for use of the OCS. These terms include a 12.5 percent royalty rate for leases in less than 200 meters of water depth, and a royalty rate of 18.75 percent for all other leases issued pursuant to the sale.

    The 12.5 percent royalty rate for leases in less than 200 meters is lower than the proposed 18.75 percent royalty rate for shallow water leases that BOEM published in the Proposed Notice of Sale. The purpose of this change is to adjust the royalty rate to reflect recent market conditions, thereby encouraging competition and continuing to receive a fair and equitable return on oil and gas resources.

    "The rate change reflects this Administration's willingness to swiftly respond to economic indicators,” said DeVito. “The 12.5 percent royalty rate is closer in harmony with the current market and federal onshore lease sales.”

    As of July 3, 2017, 15.6 million acres on the U.S. OCS are under lease for oil and gas development (2947 active leases) and 4.1 million of those acres (842 leases) are producing oil and natural gas. More than 97 percent of these leases are in the Gulf of Mexico; about 3 percent are on the OCS off California and Alaska.




2018 January 23

18:17 Ten new world class research institutes join the Nippon Foundation Nereus Program
18:02 492 vessels escorted by nuclear-powered icebreakers on NSR up 20% Y-o-Y
17:49 SMM 2018 is fully booked eight months to go before the event
17:31 Maersk Line joins NYSHEX as founding carrier member
17:27 Cargo transportation by Ukraine’s water transport down 11.9% to 5.9 mln t in 2017
17:04 NAVTOR strengthens the team with new Chief Technology Officer
16:46 Oil products, LPG shipments from Tamanneftegas terminal totaled 10.14 mln t in 2017, up 6% Y-o-Y
16:25 Szczecin-Świnoujście Port Complex handled nearly 25.5 mln t of cargo in 2017, up 5.4% Y-o-Y
16:04 Diana Shipping announces time charter contract for m/v Dione with Ausca
15:34 CMA CGM announces FAK rates from Gulf ports to North Europe and the Mediterranean
15:18 SDC Sub-Committee is focused on mooring matters
15:03 Environmental organizations and shipping industry call for carriage ban on non - compliant fuel
14:44 NIBULON’s fleet will be increased
14:23 President Varela from Panama visits the port of Rotterdam
14:03 RS joins the Association of Shipowners and Entrepreneurs of Marine Industry of the Republic of Kazakhstan
13:55 RF Representative Office of Port of Hamburg Marketing congratulates North-Western Shipping Company on its 95th anniversary!
13:42 Incentive scheme for ‘Clean inland shipping and sustainable logistics in Rotterdam’
13:27 EBRD allocates USD 50 mln loan to NIBULON
13:03 Six vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 22-23
12:38 Bunker prices at the Far East ports of Russia show no significant changes (graph)
12:33 Aker Solutions wins subsea orders for Troll and Askeladd projects
12:16 Rosmorport appoints Evgeniy Pankratov as Acting Director of its Sakhalin Branch (photo)
11:49 CNIIMF congratulates North-Western Shipping Company on its 95th anniversary!
11:24 Vyborg Shipyard to deliver IBSV01 icebreakers Andrey Vilkitsky and Aleksandr Sannikov in 2018
11:01 Alfa Laval PureBallast 3.1 tops customer choice for large-flow ballast water treatment systems
10:40 Brent Crude futures price up 0.48% to $69.36, Light Sweet Crude – up 0.58% to $63.94
10:22 Baltic Dry Index up to 1,129 points
10:08 Damen delivers five new harbour tugs to to Empresa de Navegación Caribe, Cuba
09:36 Throughput of port Kaliningrad in 2017 grew by 18% to 13.84 mln t
09:17 Throughput of port Vyborg up 12% to 1.54 mln t in 2017

2018 January 22

18:10 Throughput of port Vysotsk up 3% to 17.55 mln t in 2017
17:53 Myanmar accedes to treaty covering bunker oil pollution damage
17:35 Hutchison Ports Thailand receives world’s largest quay cranes with advanced remote control technology at Laem Chabang Port
17:19 Port of Tallinn announces auction for equipment and structures of coal terminal in Muuga Harbor
17:05 ESPO supports more efficient but responsible management of waste from ships
16:50 Throughput of port Primorsk in 2017 down 11% Y-o-Y to 57.60 mln t
16:35 DP World and National Investment and Infrastructure Fund (Niif) Partner to create platform for investments in ports, transportation and logistics sector
16:21 Rosmorport’s icebreakers assisted 269 vessels at seaports of Russia this winter navigation season
16:05 Port of Rotterdam Authority puts hybrid vessel into operation
16:00 Throughput of port Ust-Luga up 11% to 103.29 mln t in 2017
15:34 Maritime engineering firm Intermarine UK opens new facility at Portland Port, Dorset
15:08 Boskalis supports V Forum of Dredging Companies as its Sponsor
15:04 CMA CGM announces FAK rates from Gulf ports to North Europe and the Mediterranean
14:47 Damen signs contract with Canada’s Group Ocean for two Modular Multi Cats
14:26 Throughput of Big Port St. Petersburg up 10% to 53.64 mln t in 2017
13:59 Four vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 21-22
13:35 Average wholesale prices for М-100 HFO down to RUB 12,946 in RF spot market
13:12 Freight turnover of Neva-Metal (Saint-Petersburg) in 2017 was flat Y-o-Y at 3.1 mln t
12:47 Kalinka Shipping congratulates North-Western Shipping Company on its 95th anniversary!
12:24 Baltic Dry Index up to 1,125 points
12:00 “K” Line announces delivery of 14000-TEU containership “MILANO BRIDGE”
11:36 Okskaya shipyard lays down the fourth oil barge of Project ROB20 for Paula Rise (photo)
11:13 Cargo traffic on Russia’s IWW in 2017 up 0.5% Y-o-Y to 118.6 mln t (photo)
11:00 “K” Line announces delivery of ‘Corona’ Series coal carrier “CORONA WISDOM”
10:25 Brent Crude futures price up 0.29% to $68.81, Light Sweet Crude – up 0.22% to $63.45
10:11 Suez Canal revenues up with a rate of 250 million dollars
10:02 Container throughput of port Hong Kong (China) up 4.8% to 20.75 mln TEUs in 2017
09:40 Bunker sales at the port of Singapore in 2017 up 4.1% Y-o-Y to 50.64 mln t (table)
09:19 Port of Singapore January-December volumes grow 5.5% to 626.17 million tonnes

2018 January 21

10:34 Piraeus Port Authority SA obtains Certificate for the Managing Adequacy System