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Maritime News

BOEM Sets Date for Region-Wide Oil and Gas Lease Sale in Gulf of Mexico

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The U.S. Bureau of Ocean Energy Management (BOEM) will offer approximately 78 million acres in the Gulf of Mexico for a region-wide lease sale now scheduled for next month, Acting Director Walter Cruickshank and Gulf of Mexico Regional Director Mike Celata announced Thursday. The acreage includes all available unleased areas in federal waters of the Gulf of Mexico. In … [Read more...]

Region-Wide Gulf of Mexico Lease Sale Draws $159.4 Million in High Bids

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By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) - A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said. Combined with a March auction that drew $244.3 million in high bids, the total was the highest annual bid level since 2015, officials from the Bureau of Ocean … [Read more...]

Low Prices Spark Interest in Latest U.S. Gulf Lease Sale

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By Nichola Groom March 20 (Reuters) - The Trump administration's fourth major auction for oil and gas leases in the U.S. Gulf of Mexico received $244 million in high bids on Wednesday, reflecting an uptick in interest from drillers attracted to the region's low prices. Of the 78.5 million acres (31.77 million hectares) offered, companies submitted bids on 1.26 million acres, … [Read more...]

Trump Administration Proposes Largest Oil and Gas Lease Sale in U.S. History

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The U.S. Department of Interior has proposed the largest oil and gas lease sale ever held in the United States, which will offer up over 79.9 million acres in federal waters in the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida, to oil and gas exploration and development. The proposed region-wide lease sale covers an area about equivalent to … [Read more...]