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
BOEM preparing a supplemental Environmental Impact Statement (EIS) for proposed lease sales in the Gulf of Mexico off the states of Florida, Alabama, Mississippi and Louisiana, beginning with Central Planning Area (CPA) Lease Sale 241 in 2016, Eastern Planning Area (EPA) Lease Sale 226 in 2016, and CPA Sale 247 in 2017. EPA 226 site Read More
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
In accordance with the National Environmental Policy Act (NEPA), the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) prepares environmental documents on various actions related to the OCS Program including Environmental Assessments (EA’s) or Environmental Impact Statements (EIS’s)– http://www.boem.gov/nepaprocess/.
S96, Rigs to Reefs Habitat Protection Act, introduced by Sen. Vitter (AL) to authorize the use of certain offshore oil and gas platforms in the Gulf of Mexico for artificial reefs, and for other purposes– http://www.gpo.gov/fdsys/pkg/BILLS-113s96is/pdf/BILLS-113s96is.pdf.
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.