• 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 July 17

18:24 North P&I Club and 24Vision ink partnership agreement
18:07 Lockheed Martin awarded Navy's contract worth more than $450 million in FMS funding for MMSC project
17:55 TransContainer announced its operating results for the second quarter and the first half of 2018
17:27 Equinor buys shares for use in the group's Share saving plan
17:11 Vigor Marine LLC gets Navy's contract for USNS Mercy mid-term availability
16:56 Okskaya Sudoverf puts into operation Belmax 4, fourth non-self-propelled barge of Project ROB20
16:34 Prosafe awarded important contract in Brazil
15:47 Orsted opts for Tekmar's CPS for Borssele 1 and 2 offshore wind farm projects
15:28 Port of Rotterdam places a bee colony in the port area
14:44 Baltic Ports Conference 2018 will focus on financing, economy and energy supply
14:23 Jan De Nul launches ultra-low emission vessel Diogo Cão in China
13:41 Severnaya Verf will lay down a longline factory vessel Gandvik-1 on July 20
13:16 Tidewater and GulfMark to combine to create global offshore leader
12:48 Containership MOL Truth earned 'Ship of the Year 2017'
12:19 15,000 TEU container ship “Afif” named in London Gateway
11:27 Huntington Ingalls begins post-delivery work on USS Gerald R. Ford (CVN 78)
11:17 Boskalis secures contract of total value of $65 million
10:53 Fuel oil prices are flat at the Far East ports of Russia (graph)
10:29 ABS to class FSRU for Turkey’s oil and gas distributor
10:00 Brent Crude futures price up 0.28% to $72.04, Light Sweet Crude – down 0.01% to $67.06
09:14 Baltic Dry Index up to 1,695 points

2018 July 16

18:31 APL adds port calls to West Asia Express Service
18:16 Diana Shipping announces signing and drawdown of a US$75M Term Loan Facility with BNP Paribas
17:55 Director Kopczynska addresses WMU students and faculty on maritime Europe
17:40 Great Lakes announces receipt of $70 million San Jacinto award
17:33 Bollinger Shipyards commits USCG icebreaker program to Florida
17:31 New vehicle terminal announced at the Port of Southampton
17:18 Hapag-Lloyd hikes rates for East Asia-Arabian Gulf trade
17:08 ING Bank signed a USD 80 million syndicated loan agreement with NIBULON
16:43 Minimum training standards for fishers under review
16:25 USCG rescues 7 people from capsized boat near Horn Island
16:20 Port of Antwerp sets new records with best half year ever
15:56 Freeport of Riga showed good growth in the first half of 2018
15:32 Maersk Drilling secures two contract extensions in the North Sea
15:19 Container throughput of port Hong Kong (China) down 3.6% to 9.88 million TEUs in Jan-June’18
15:03 Van Oord will acquire MPI Offshore
14:44 Average wholesale prices for М-100 HFO down to RUB 17,589 in RF spot market
14:35 Wärtsilä to assist Transocean with thruster maintenance optimisation and dry-docking cost reductions
14:25 Jan De Nul Group acquires part of MPI’s offshore business unit
14:11 Fednav accepts delivery of MV Federal Dee, its 60th owned vessel
13:46 Eastern Shipbuilding inks contract with Bisso Offshore for RApport 2400 Ship Handling Tug duo
13:27 Azerbaijan Caspian Shipping Company’s fleet is involved in a new international project
13:07 Court dismisses EUR 9 million claim against Armada Seismic Invest II AS
13:06 Hong Kong will host ShipTek Ship Owning & Ship Management Conference & Awards on 30 August 2018
12:48 Marine Recruiting Agency takes on a project of training crane specialists in Estonia
12:23 SEACOR Holdings announced that it favors a business combination of Dorian LPG LTD. and BW LPG Limited
12:02 IMO head highlights key maritime issues during trip to China
11:25 Fincantieri contracted to build LNG-fueled pair for TUI Cruises
11:01 Baltic Dry Index up to 1,666 points
10:44 Brent Crude futures price down 0.5% to $74.96, Light Sweet Crude – down 0.64% to $69.5
10:25 Mexico benefits from IMO training on port security
10:02 IMO held port emissions training for Argentina
09:52 CMA CGM's FAK rates for Asia to Red Sea trades
09:40 Bunker sales at the port of Singapore in HI’18 up 1.7% Y-o-Y to 25.35 million tonnes
09:18 Port of Singapore throughput in HI’18 grew by 0.8% Y-o-Y to 312.79 million tonnes

2018 July 15

11:24 MAN Energy Solutions ready for SMM 2018
10:43 CMA CGM informs of FAK rates from the Indian Subcontinent to North Europe and the Mediterranean

2018 July 14

12:40 CMA CGM announces GRR for Far East to East Africa trade
11:41 ABP: Container terminal operation expansion to meet growing demand
10:14 Navtek selects Corvus Energy to provide battery for the world's first all-electric tug