Gulf of Mexico

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Churning Storm Nears Hurricane Strength

_ Tropical Storm Isaac gathered strength early Tuesday and was on the verge of becoming a Category 1 hurricane as it rumbled toward the Gulf Coast, though precisely where it will make landfall remains guesswork, forecasters said Tuesday. Isaac is projected to land somewhere along the Mississippi or Southeast Louisiana coast on Tuesday evening, possibly […]

By August 28, 2012 0 Comments Read More →

Isaac could hit Gulf Coast as Cat 2 hurricane

_ Tropical Storm Isaac churned toward the northern Gulf Coast early Monday and promised to give the Republican National Convention a good drenching after lashing the Florida Keys and Miami area with wind and rain. The National Hurricane Center predicted Isaac would grow to a Category 2 hurricane over the warm Gulf of Mexico and […]

By August 27, 2012 0 Comments Read More →

BOEM releases details of Western Gulf lease sale

_ The Bureau of Ocean Energy Management (BOEM) has released details of the first offshore sale under the Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program) Proposed Western Gulf of Mexico Lease Sale 229, scheduled to take place in New Orleans on November 28, 2012, will include approximately […]

By July 24, 2012 0 Comments Read More →

Gulf lease plan advances

_ A congressional committee approved legislation Wednesday that calls for at least one more oil and gas lease sale in the Gulf of Mexico over the next five years. That’s compared to the 12 Gulf sales proposed in President Barack Obama’s five-year plan, which is slated to go into effect in late August. Republican lawmakers […]

By July 20, 2012 0 Comments Read More →

Gulf of Mexico drilling activity improves slowly

_ In June, the number of drilling rigs operating in the federal waters off Louisiana’s coast climbed to its highest level in three years, although industry members say most of that activity is taking place in water depths of less than 500 feet. “The trend in the Gulf as a whole is positive. The rigs […]

By July 2, 2012 0 Comments Read More →

First oil & gas lease sale in Central Gulf since BP spill attracting scrutiny

_ For the first time since the BP oil spill, millions of acres in the Central Gulf of Mexico are up for grabs during an oil and gas lease sale taking place in New Orleans. In all, 39 million acres of potential oil and gas drilling are for sale, with 48 companies submitting bids on […]

By June 20, 2012 0 Comments Read More →

Report: Gulf drilling low

_ Only about 20 percent of the areas of the Gulf of Mexico’s Outer Continental Shelf that are leased for potential oil and gas drilling are under production, according to a new lease utilization report Tuesday from President Barack Obama’s Interior Department. The report comes during a presidential election year in which Republicans in Louisiana […]

By May 16, 2012 0 Comments Read More →

LOGA addresses the oil and gas industry issues

_ The Louisiana Oil and Gas Association (LOGA) met on Thursday, Feb. 16 to confront the big issues surrounding the oil and gas industry. Topics such as fracking, offshore drilling and President Obama’s plan to move to cleaner energy were talked about. The meeting was part of an effort to educate local professionals on the […]

By February 17, 2012 0 Comments Read More →

Oil leader addresses industry group

_ The head of the state’s oil-and-gas trade group gave a “state of the industry” address to more than 200 businesspeople at the South Central Industrial Association’s monthly luncheon Tuesday. Don Briggs founded the Louisiana Oil and Gas Association in 1992, after nearly 30 years in the business, to address the larger needs of the […]

By February 15, 2012 0 Comments Read More →

Technology transforming oil, gas industry

_ New technology is a game changer for Louisiana’s energy future, but foreign rivalries and domestic legal issues are still stacking against the energy industry, according to Louisiana Oil and Gas Association President Don Briggs. Addressing the association’s local members Tuesday, Briggs spoke of the challenges facing the industry. “We are today truly in a […]

By February 8, 2012 0 Comments Read More →