Tag: OCS

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »

BP makes first bids on Gulf drilling rights since post-spill suspension

BP is bidding on new drilling rights in the Gulf of Mexico for the first time in nearly two years, after a government contract suspension forced the oil giant to sit out on three government auctions of the territory.  More »

Fewer firms submit bids in offshore Gulf auction

Forty-two oil and gas companies will make plays for new Gulf of Mexico territory on Wednesday, in a closely watched, high-stakes auction of U.S. drilling rights that is viewed as a test of the industry’s appetite for offshore projects despite a drilling boom that is unfolding mostly on land.  More »

Feds order five companies to halt offshore work

The federal government has ordered five companies to cease their offshore oil and gas operations, after the firms failed to give regulators a required audit of safety plans newly required since the 2010 Deepwater Horizon disaster.  More »

Feds ask for industry input on 2016 Arctic auction

The Obama administration on Thursday kicked off the long process toward the first auction of oil drilling rights in Arctic waters since 2008.  More »

Governors send welcome note to Interior nominee: Open Atlantic for drilling

President Barack Obama’s new Interior Secretary nominee hasn’t been confirmed by the Senate yet — much less sworn in — but she’s already facing pressure to expand offshore drilling.  More »

Bids to boost offshore royalty sharing could move next year

A change in the leadership of the Senate Energy and Natural Resources Committee could give coastal states their best chance in years of winning a greater share of federal revenues for energy produced near their shores. Sen. Lisa Murkowski, R-Alaska, could advance a new plan next year.  More »

Report: GOP plan to allow drilling for dollars not lucrative in short term

A Republican plan to open up ANWR, the eastern Gulf of Mexico and Atlantic waters for oil and gas drilling wouldn’t be nearly as lucrative as its backers suggest, according to a new analysis.  More »

Coastal governors decry limited role in offshore drilling plan

The Obama administration ignored the wishes of coastal leaders when assembling a plan for offshore drilling near their shores, says a group of Republican governors from Texas, Louisiana and other states.  More »

House rejects Obama administration drilling plan

The House of Representatives today rejected an Obama administration plan for selling offshore drilling leases over the next five years and instead voted to replace it with a more aggressive GOP alternative.  More »

New offshore leasing plan focuses on development in already-explored Gulf waters

The Obama administration on Thursday finalized a five-year plan for offshore drilling that focuses on allowing development in already- explored areas of the Gulf of Mexico and the Arctic to the chagrin of oil and gas companies who were hoping for more territory. Federal officials also said there was “significant” industry interest in drilling in the Cook Inlet near Anchorage.  More »

Gulf drilling auction expected to net high bids

Federal officials will unseal nearly 600 secret bids for offshore oil and gas leases on Wednesday, during the first auction of drilling rights in the central Gulf of Mexico since the Deepwater Horizon disaster. Pent-up demand for the acreage, big discoveries in the region recently and high oil prices earlier this year are all expected to contribute to a robust sale.  More »
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