The Interior Department and Bureau of Ocean Energy Management (BOEM) announce draft strategy for offshore oil and gas leasing in 2017-2022. The proposal includes ten sales in the Gulf of Mexico, “one of the most productive basins in the world and where oil and gas infrastructure is well established.” The Draft Proposed Program and the Read More
Tag: economics
Ocean monitoring study
LSU-led team receives funds from BOEM for cost-benefit analysis of ocean and coastal observing and monitoring — story at http://theadvocate.com/home/7757061-125/researchers-to-study-cost-benefits#.UsLqe1QJVzo.email Read More
Ocean and coast economy publication
National Ocean Economics Program (NOEP) latest “State of the U.S. Ocean and Coastal Economies 2014” highlights value of the oceans, Great Lakes and coasts of the U.S., availble at http://www.oceaneconomics.org/download/ Read More
Gulf economics data
Socio-Economics Group at the Harte Research Institute release of GecoServ 2: Gulf of Mexico Ecosystem Service Valuation Database– http://www.gecoserv.org/ Read More
Legislation
H.R. 2231, Offshore Energy and Jobs Act passed House; Bill at http://www.govtrack.us/congress/bills/113/hr2231/text. Amends the Outer Continental Shelf Lands Act to increase energy exploration and production on the Outer Continental Shelf (opening many new areas of the US EEZ), provide for equitable revenue sharing for all coastal States, implement the reorganization of the functions of the Read More
Ocean economy
NOAA Coastal Services Center’s ENOW database on Ocean Economy data– http://www.csc.noaa.gov/ENOWDataWizard/# Read More
Spill impact economics
University of Houston-Victoria faculty, Yong-Gyo Lee and Xavier Garza-Gomez, using market-based measures, estimated loss in oil/gas industry capitalization due to 2010 Deepwater Horizon oil spill to be up to $562 billion — http://www.na-businesspress.com/JAF/LeeY_Web12_1_.pdf. Read More