Boem

Forty million acres offshore Louisiana, Mississippi and Alabama are scheduled to be on offer next March for oil and natural gas development, federal officials said Monday.

Only five producers participated in the federal Gulf of Mexico (GOM) oil and gas auction on Wednesday, the lowest number of bidders since area leasing began in 1983, a top official said.

Houston’s Energy XXI Ltd., one of the biggest shallow water operators in the Gulf of Mexico (GOM), is selling an oil pipeline system that serves seven fields as it works to ensure its financial viability.

Houston's Energy XXI Ltd., one of the biggest shallow water operators in the Gulf of Mexico (GOM), is selling an oil pipeline system that serves seven fields as it works to ensure its financial viability.

The Interior Department's Bureau of Ocean Energy Management gave conditional approval Monday for a subsidiary of Royal Dutch Shell plc to explore…

The Interior Department’s Bureau of Ocean Energy Management (BOEM) gave conditional approval Monday for a subsidiary of Royal Dutch Shell plc to explore Alaska’s Chukchi Sea and drill up to six offshore wells, after concluding a 30-day review of the project.

The Department of the Interior on Thursday moved one step closer to resolving legal concerns regarding the 2008 oil and gas lease sale for the Chukchi Sea offshore Alaska after issuing a final supplemental environmental impact statement (FSEIS).

Producers will have the opportunity in March to bid on 41.2 million acres offshore Louisiana, Mississippi and Alabama in the Central Planning Area of the Gulf of Mexico (GOM), the seventh auction under the current five-year Department of Interior leasing program.

The Department of Interior on Friday took the initial step to develop the next schedule of potential offshore oil and natural gas lease sales from 2017-2022, a multi-year process to evaluate all of the Outer Continental Shelf (OCS) planning areas.