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  1. BOEM to offer 47 million acres in Lease Sale 247

    Offshore staff NEW ORLEANS  – The Bureau of Ocean Energy Management (BOEM) has announced that it will offer approximately 47 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Central Planning Area (CPA) of the Gulf of Mexico. Proposed Central Gulf of Mexico Lease Sale 247, scheduled to take place in New Orleans in March 2017, will be the twelfth offshore sale under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program). Lease Sale 247 will include approximately 8,878 blocks, located from three to about 230 miles offshore, in water depths ranging from nine to more than 11,115 ft (3 to 3,400 m). The BOEM says that the sale will build on eleven sales, already held in the current Five Year Program, that have netted more than $3 billion to date. The proposed terms of the sale include conditions to ensure both orderly resource development and protection of the human, marine and coastal environments. These include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species and avoid potential conflicts associated with oil and gas development in the region. BOEM says that its proposed economic terms include a range of incentives to encourage diligent development and ensure a fair return to taxpayers. The BOEM also said that the terms and conditions outlined for Sale 247 in the Proposed Notice of Sale are not final. Different terms and conditions may be employed in the Final Notice of Sale, which will be published at least 30 days before the sale. All terms and conditions for Central Sale 247 are detailed in the Proposed Notice of Sale information package, which is available at: http://www.boem.gov/Sale-247/. Copies of the PNOS maps can be requested from the Gulf of Mexico Region’s Public Information Unit at 1201 Elmwood Park Boulevard, New Orleans, LA 70123, or at 800-200-GULF (4853). The Notice of Availability of the Proposed Notice of Sale will be available tomorrow for inspection in the Federal Register at: www.boem.gov/81-FR-63803/ and will be published in the Sept. 16, 2016 Federal Register. The announcement of Lease Sale 247 follows on the announcement of Lease Sales 250 and 251 , tentatively scheduled for 2018. 09/23/2016 

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    Fri, 23 Sep 2016

  2. Middle East operators address aging offshore facilities

    The Middle East faces a substantial challenge to keep hundreds of aging offshore oil and gas structures operating safely and legally beyond their original design life, according to DNV GL Oil & Gas.

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    Fri, 23 Sep 2016

  3. Heerema yard to lease power tools from Engineering Utilities

    Metal finishing equipment and consumables supplier Engineering Utilities has supplied a range of power tools to Heerema Fabrication Group’s yard in Hartlepool, northeast England.

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    Fri, 23 Sep 2016

  4. Deepwater Horizon: A gritty story, with Hollywood polish

    "Deepwater Horizon" is a definite must see for anyone in the oil & gas industry, or otherwise – quite possibly the action film of the year. See it in theaters September 30.

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    Sat, 24 Sep 2016

  1. Keppel, Safe Yards bid for Sverdrup accommodation rig

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    Fri, 23 Sep 2016

  2. Polarcus awarded further 3D XArray survey

    Polarcus has a letter of intent for 3D marine seismic acquisition in European waters using its XArray multiple source acquisition method.

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    Fri, 23 Sep 2016

  3. Oil & Gas News: Investigation report following Turøy helicopter accident published

    Statoil’s investigation following the Turøy helicopter accident in April has been finalized, offering conclusions and recommendations for how the oil & gas company can further improve its helicopter safety work.

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    Fri, 23 Sep 2016

  4. Roc-2 appraisal well confirms gas, liquids off W. Australia

    The Quadrant Energy Ltd.-operated Roc-2 appraisal well, drilled offshore Western Australia in permit WA-437-P, has recovered condensate-rich gas samples from several zones.

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    Fri, 23 Sep 2016

  5. Jubilee partners covered for costs of turret hitch

    Tullow Oil says its insurers have confirmed Hull & Machinery insurance cover for the FPSO Kwame Nkrumah that serves the Jubilee oil field offshore Ghana.

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    Fri, 23 Sep 2016

  6. Gazprom proves more gas/condensate offshore Sakhalin Island

    Gazprom has made a new gas/condensate discovery in the Sakhalin III concession in the Sea of Okhotsk.

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    Fri, 23 Sep 2016

  7. US Gulf of Mexico rig count stays steady at 20

    The US Gulf of Mexico rig count remains at 20, unchanged over the past week.  

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    Fri, 23 Sep 2016

  8. Fendercare delivers TEN FPSO export hose package

    Fendercare Marine has completed a floating hose contract for Tullow Oil’s deepwater TEN project offshore Ghana.

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    Fri, 23 Sep 2016

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