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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

Green Car Congress

Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. The area will be offered to industry again in 2016 under the current Five Year Offshore Oil and Gas Leasing Program.

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New Mexico to enact advanced Clean Car & Clean Truck rules

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New Mexico Governor Michelle Lujan Grisham announced that the state will move to adopt the Advanced Clean Cars and Advanced Clean Trucks rules, which will set annual targets for the sale of new zero emission cars and trucks in New Mexico over time.

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of. Earlier post.).

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California and Mexico sign agreement to reduce GHGs

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and Mexico’s Ministry of Environment and Natural Resources Undersecretary Rodolfo Lacy and Mexican National Forestry Commission Director General Jorge Rescala Pérez signed an agreement to help reduce greenhouse gas emissions (GHGs). Strengthening fuel and truck efficiency standards and supporting green freight initiatives.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

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Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas. billion in high bids.

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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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A research team led by The University of Texas at Austin has been awarded approximately $58 million to analyze methane hydrate deposits under the Gulf of Mexico. Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments. Click to enlarge.

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Technip to lay the world’s deepest gas pipeline, for Shell in the Gulf of Mexico

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This field is located in the Walker Ridge area in the US Gulf of Mexico (GOM), at a water depth of approximately 2,900 meters (9,500 feet). This development will host the deepest floating, production, storage and offloading (FPSO) unit in the world and will be Shell’s first FPSO in the Gulf of Mexico.

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