Post Tagged with: "BOEM"

First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns

First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns

From Reuters


Trump administration infighting is holding up approval of the first major U.S. offshore wind energy project, with agencies sparring over whether the proposal does enough to protect the fishing industry, according to interviews and agency documents.

The delays …

Federal Offshore Wind Sale Rivals Oil & Gas with a Record $405 Million in Winning Bids

Federal Offshore Wind Sale Rivals Oil & Gas with a Record $405 Million in Winning Bids

From Marine Log

Friday’s BOEM offshore wind lease sale of some 390,000 acres offshore Massachusetts drew competitive winning bids from three companies, totaling approximately $405 million.

That was way more than the previous highest grossing offshore wind lease sale in …

December 17, 2018 - 12:01 pm Closing Bell Story‎, Renewable Energy
BOEM Conditionally Approves Hilcorp’s Artificial Island Plan for Alaska Waters

BOEM Conditionally Approves Hilcorp’s Artificial Island Plan for Alaska Waters

Similar to four others offshore Alaska
Ryan Zinkie, U.S. Secretary of the Interior, provided more details today regarding a proposed oil and gas development facility in offshore Alaska, the first facility of its type in waters off Alaska if approved.

October 25, 2018 - 12:53 pm Closing Bell Story‎, Offshore
2018 to Deliver Largest Oil & Gas Lease Sale in U.S. History

2018 to Deliver Largest Oil & Gas Lease Sale in U.S. History

March 2018 BOEM sale offers 76.9 million acres for lease – oil & gas development in the Gulf of Mexico

U.S. Secretary of the Interior Ryan Zinke has announced the nation’s largest ever federal lease sale—almost 77 million acres in …

BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of …

BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

Secretary’s mandated review of NTL No. 2016-N01 will get more time 

In an announcement on June 22, 2017, BOEM reiterated that Secretary’s Order 3350, issued on May 1, 2017, directed BOEM to “promptly complete a review of Notice to Lessees …

BOEM Issues Delay for New Financial Assurance Requirements for Offshore Operators

BOEM Issues Delay for New Financial Assurance Requirements for Offshore Operators

Government prioritizing implementation of new OCS financial assurance rule

On January 6, 2017, the Bureau of Ocean Energy Management (BOEM) announced a six-month delay in the implementation of the rigorous financial assurances required by Notice to Lessees and Operators NTL …

U.S. to offer 48 Million Acres in its Last Central Gulf of Mexico Oil & Gas Lease Sale

U.S. to offer 48 Million Acres in its Last Central Gulf of Mexico Oil & Gas Lease Sale

Final Notice of Sale announces lease terms for available acreage offshore Louisiana, Mississippi and Alabama – Lease Sale Number 247 is Mar. 22, 2017

Two days after President Obama used his pen to indefinitely ban most of the Arctic and …

Gulf of Mexico Operators: Prepare to Present the U.S. Government with Financial Assurance Covering 100% of Decommissioning Liability for your OCS Leases

Gulf of Mexico Operators: Prepare to Present the U.S. Government with Financial Assurance Covering 100% of Decommissioning Liability for your OCS Leases

Notices from BOEM to Gulf of Mexico operators will hit mail boxes starting in November: an Oil & Gas 360® Exclusive Interview with BOEM GOM Regional Director Michael Celata – Part 3 of a Series

New, much more stringent …

Experts Predict Trouble Ahead for Gulf of Mexico Oil & Gas Operators

Experts Predict Trouble Ahead for Gulf of Mexico Oil & Gas Operators

New supplemental collateral requirements could severely damage independent Gulf of Mexico drillers, producers – Part 2

On Sept. 12, 2016, the federal government initiated big changes to its bonding requirements for the financial liability for decommissioning oil and gas assets …

U.S. Offshore Drilling Changes Drastically on Sept. 12, 2016

U.S. Offshore Drilling Changes Drastically on Sept. 12, 2016

Part 1: What is NTL No. 2016-N01?

In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to extract oil and natural gas …

Did a White House Appointee just Kill Deepwater Drilling in the Gulf of Mexico?

Did a White House Appointee just Kill Deepwater Drilling in the Gulf of Mexico?

U.S. Offshore Drilling Changes Drastically after Sept. 12, 2016 – Part 1

In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to …

Energy XXI Bolsters Balance Sheet with $245 Million Sale, Reaches Agreement with BOEM

Energy XXI Bolsters Balance Sheet with $245 Million Sale, Reaches Agreement with BOEM

Energy XXI (ticker: EXXI), one of the largest operators in the Gulf of Mexico, announced significant liquidity-enhancing measures in two separate press releases on June 22, 2015. The first announcement, released prior to market opening, confirmed an agreement with the …

June 22, 2015 - 6:54 pm Mergers & Acquisitions, Oil and Gas 360 Articles
That Spare $6,000 in Your Pocket Could Buy You a Used Mud Pump or Tickets to Mayweather v. Pacquiao

That Spare $6,000 in Your Pocket Could Buy You a Used Mud Pump or Tickets to Mayweather v. Pacquiao

Fighters’ Projected Shared Revenue from Tomorrow’s Bout Could Fetch 24,000 Net Acres in the Utica

The eve of the most anticipated fight of this generation has arrived.

The Las Vegas strip likely carries an unprecedented buzz of excitement and anticipation …

May 1, 2015 - 6:33 pm Finance, Oil and Gas 360 Articles
A Primer on BOEM Leasing

A Primer on BOEM Leasing

Determining the fair market value of offshore assets

Since 2012, the Bureau of Ocean Energy Management (BOEM) holds a handful of auctions  for offshore blocks, or tracts, for oil and gas development. These sales take place in two phases, each …

April 21, 2015 - 6:27 pm Offshore, Oil and Gas 360 Articles
Market Conditions Affect Latest BOEM Lease Sale

Market Conditions Affect Latest BOEM Lease Sale

Lease Sale 235 Generates Less than Half of Previous Sales in the Central GOM

The Bureau of Ocean Energy Management (BOEM), an energy arm of the Department of the Interior, concluded its Lease Sale 235 in the Central Gulf of …

Enviro Group Sues U.S. Interior Department for Oil & Gas Development Offshore California

Enviro Group Sues U.S. Interior Department for Oil & Gas Development Offshore California

CAFederalOffshoreFieldsThe Center for Biological Diversity filed a lawsuit against the United States Interior Department on February 19, 2015, alleging the violation of three federal laws for oil and gas development offshore California. The results from the lawsuit could potentially affect …

February 20, 2015 - 4:42 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
Oil & Gas Development on the East Coast Takes Next Step

Oil & Gas Development on the East Coast Takes Next Step

The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an …

742,000-Acre Wind Energy Farm will be 12 Miles Off the Massachusetts Shore

742,000-Acre Wind Energy Farm will be 12 Miles Off the Massachusetts Shore

Department of Interior looking to triple federal offshore acreage for wind development

In a press release on Monday, the Department of Interior announced that more than 742,000 acres offshore Massachusetts will be offered for commercial wind energy development in a …

November 26, 2014 - 5:23 pm Energy News, Oil and Gas 360 Articles