Energy Production, Safety, Pollution Prevention, and More
This article provides information on the history of OCS Lease P-0166 and updates the decommissioning status of California OCS Platforms Hogan and Houchin which are in federal waters offshore Santa Barbara County, California. Listed below are key events in the history of the OCS Lease P-0166. More details are provided in the attachment which was [ ]
Official BBG3 stats are attached. Below is a comparison of the three BBG sales. Link to more stats. Notes: The Gulf keeps on rollin this was the 137th Gulf lease sale. Congrats to Bryan Domangue on being named Gulf of America Regional Director for the Marine Minerals Administration! The WWII Museum in New Orleans [ ]
Awaiting the official results. Arena bid on 9 shelf blocks. Chevron, Shell, Anadarko, BP, Murphy, LLOG, and Equinor were active deepwater bidders. All bids were below $10 million. Murphy had two $7+ million bids.
Link to the stream. The pre-sale statistics are attached. The table below compares the pre-sale stats for BBG3 with those for BBG1 and 2. The number of BBG3 bids, while well below BBG1, which was the first sale in 2 years, bounced nicely from BBG2 levels. BBG112/10/2025 BBG23/11/2026 BBG38/12/2026 tracts bid on 181 25 59 [ ]
Excerpts from Sable s quarterly report: Production Sales A detailed regulatory and legal update can be found beginning on p. 13 of the Quarterly Report.
Barbados 2026 Offshore Petroleum Direct Negotiations process is underway. Nineteen blocks (yellow in map) are being offered. Direct negotiations for pre-qualified companies will continue through January 15, 2027, and awards will be announced by February 15. I m convinced! 😉
RWE has agreed to relinquish their Atlantic, Pacific, and Gulf of America wind leases. After careful consideration, it was determined there is no path forward to permit these projects in the U.S. for the foreseeable future. Comment: The poor prospects for these leases had more to do with bad investment decisions than permitting challenges. The [ ]
AAPG explains: Contrary to what you might see or read on social media, the Strait of Hormuz has not “opened” by continental rifting between Iran and Oman. This waterway is the locus of converging plate tectonic interactions between the Arabian and Asian plates and offers a natural laboratory to study plate tectonic subduction and collision. [ ]
The proposed revisions to the Arctic drilling regulations are a positive initiative that will improve the prospects for renewal of Beaufort and Chukchi Sea exploration. In particular, removing the same-season-relief-well (SSRW) requirements in the current regulations is an essential regulatory action. The SSRW provision has the effect of precluding exploratory drilling while providing no added [ ]
The proposed revisions to the Arctic drilling regulations have just been posted and are attached for your convenience. From a risk management standpoint, the current Arctic drilling rule, particularly the same season relief well (SSRW) provisions, is arguably the worst in the history of the OCS program. Regardless of the prospects for Arctic exploration, offshore [ ]