Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, oil, tagged BSEE, EIA, Hurricane Ida on September 1, 2021| Leave a Comment »
Presumably, most of the restored GoM production is from platforms like Exxon Hoover that were not subjected to hurricane conditions. Per BSEE, the total oil production shut-in as of 9/1 is 1,455,279.
The latest EIA production report for June 2021 has just been released and GoM oil production averaged 1.825 million BOPD.
Posted in gas, Gulf of Mexico, Offshore Energy - General, oil, Regulation, tagged BOEM, DOI, Gulf of Mexico, Record of Decision, Sale 257 on September 1, 2021| Leave a Comment »
In light of the ongoing litigation regarding the Department of the Interior’s “leasing pause,” DOI’s Record of Decision for Sale 257 is most encouraging. The viewpoints expressed in the two quotes below are fundamental to the future of the OCS Oil and Gas Program. Hopefully, all parties can put aside their differences and build upon these consensus views.
While offshore exploration and development cannot be made risk free, OCS oil- and gas-related activities can be conducted safely and responsibly with strong regulatory oversight and appropriate measures to protect human safety and the environment.
ROD, p. 5
The decision to hold Lease Sale 257 recognizes the role that GOM oil and gas resources play in addressing the Nation’s demand for domestic energy sources and fosters economic benefits, including employment, labor income, and tax revenues, which are highest in Gulf Coast States and also distributed widely across the United States. Revenues from offshore oil and gas lease sales support national conservation programs and coastal resiliency for applicable coastal states and political subdivisions under the Gulf of Mexico Energy Security Act of 2006.
ROD, p. 7
Bud's Offshore Energy (BOE) 