Sunday, August 9, 2020

Offshore Energy Resources News

NOIA Statement on Trump’s SOTU Address

National Ocean Industries Association (NOIA) President Randall Luthi

Increase Access to All Offshore Energy Sources for American Energy Greatness.National Ocean Industries Association (NOIA) President Randall Luthi issued this statement following President Trump’s State of the Union address:“In his second State of the Union address, President Trump reiterated his bold vision for American energy dominance in conjunction with facilitating new energy infrastructure. NOIA applauds the Administration’s…

Trump Proposes $200 Mln Budget for BSEE

(File photo: BSEE)

President Donald Trump today proposed a $199.9 million Fiscal Year (FY) 2019 budget for the Bureau of Safety and Environmental Enforcement (BSEE) as the Administration aims to support a ramp up in domestic oil and gas production. The FY 2019 budget request includes an estimate of $67.9 million in offsetting collections. Offsetting collections includes $20.3 million for rental receipts, $3.8 million for cost recoveries and $43.8 million for inspection fees.

NOIA's Randall Luthi Weighs in on BSEE Rules

National Ocean Industries Association (NOIA) President Randall Luthi (CREDIT: NOIA)

NOIA Welcomes Opportunity to Comment on Revisions to Offshore Production Safety Systems Rule. “The proposed revisions to the Production Safety Systems Rule mark an integral step in the regulatory reform promised by President Trump, Interior Secretary Zinke and BSEE Director Angelle. Safety experts in the offshore oil and gas industry now have the opportunity to comment on this important regulation. This ‘second bite at the apple’ provides an opportunity for further dialogue…

Op/Ed: Trump Signals New Day for Offshore Energy

© Lukasz Z / Adobe Stock

National Ocean Industries Association president Randall Luthi weighs in on President Trump’s Executive Order on offshore energy. It’s a new day and a new attitude for American energy. The National Ocean Industries Association (NOIA) applauds President Donald Trump’s Executive Order recognizing the vital role of offshore energy in an overall national energy policy. The Energy Information Administration (EIA) predicts that in the year 2040…

NOIA: Maximum Access Offshore Leasing Program

(NOIA) Randall Luthi President of the National Ocean Industries Association

NOIA President Randall Luthi joined API Group Director of Upstream and Industry Operations Erik Milito and IAGC COO and Executive Vice President Walt Rosenbusch today in calling for a maximum access 2017-2022 Offshore Leasing Program that includes the Atlantic OCS to further our nation’s position as the global energy leader, strengthen our economy, and keep energy affordable for American consumers. “To remain the world’s leading energy producer, the U.S. needs a two pronged approach.

NOIA Urges DOI to Retain Proposed OCS Lease Sale

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi voiced support for the Atlantic Offshore Energy Caucus’s call for Department of Interior (DOI) retention of proposed Atlantic lease sale. “I am pleased that the Congressional Atlantic Offshore Energy Caucus has reinforced their support for oil and gas exploration and production off the coasts of Virginia, North Carolina, South Carolina and Georgia by…

Final Notices of Sale for GoM Planning Areas

As part of the Obama Administration's continued commitment to safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced that the bureau will offer approximately 45 million acres for oil and gas exploration and development in the Gulf of Mexico in two March lease sales. “These lease sales continue the President's commitment to create jobs through the safe and responsible exploration and development of the Nation's domestic energy resources…

BOEM to Offer 40 mln Acres in GoM Lease Sale

Director Abigail Ross Hopper

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced that the bureau will offer 40 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in sales that will include all available unleased areas in the Central and Eastern Gulf of Mexico Planning Areas.

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new areas of the OCS to energy exploration and development, extend revenue sharing to participating coastal states, and lift the outdated ban on U.S. “The National Ocean Industries Association applauds the Senate Energy and Natural Resources Committee for passing the OPENS Act…

NOIA: Draft Offshore Lease Program Both Hits and Misses

National Ocean Industries Association (NOIA) President Randall Luthi issued a statement on the 2017-2022 Draft Proposed OCS Oil and Gas Leasing Program, stating the U.S. Department of the Interior’s draft offshore oil and gas leasing program adds Atlantic opportunities, but misses others. “The National Ocean Industries Association is pleased that the Department of the Interior has released the 2017-2022 draft proposed…

Obama’s Address Missed Energy Opportunities -NOIA

President Barack Obama delivers the State of the Union address in Washington, D.C., January 20 (Official White House Photo by Pete Souza)

NOIA President Randall Luthi issued a statement in response to President Obama’s 2015 State of the Union Address, stating that the President missed a few key points regarding domestic onshore and offshore energy production and supply, and its impact on the U.S. economy. "While the President highlighted America's energy renaissance in his address to Congress tonight, he failed to note that the increase in the supply of American-made energy is occurring on state and private lands…

BOEM Proposes O&G Lease Sale in Gulf of Mexico

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that the bureau will offer 40 million acres offshore Louisiana, Mississippi and Alabama for oil and gas exploration and development in a sale that will include all available unleased areas in the Central Gulf of Mexico Planning Area.

High Bids in Western GofM Lease Sale

Offshore rig fronting GoM map: File image

U.S. Government agency BOEM informs that Western Gulf of Mexico Lease Sale 238 attracted US$109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to create jobs and home-grown energy through the safe and responsible exploration and development of offshore energy resources,” said Interior Deputy Secretary Mike Connor.

GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment…

BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.

Offshore Revenue Sharing Legislation Passes U.S. House

The U.S. House of Representatives has passed H.R. 2231, the 'Offshore Energy and Jobs Act'. The legislation would open new offshore areas to exploration by requiring the Obama Administration to create a new five year leasing plan for the United States’ offshore energy resources in areas containing the most oil and gas potential. Additionally, it would create a fair and equitable offshore revenue sharing program for coastal states like Alaska.