Happy Monday! Welcome back to another week of ESC News Blog!
We blogged about the Gulf of
Mexico Oil and Gas Lease Sales back in the beginning of April 2024, and a
possible delay. Well, the GOM O&G Lease
Sale is in the news again.
Did anyone see The
Houston Chronicle’s Business Section on May 3, 2024, their
article titled, “Gulf leasing likely delayed until 2026 – Preparing the 2025
offshore sale now will take 18 months”? This
article is in regard to the Gulf of Mexico (GOM) offshore oil and gas lease
sale scheduled for 2025 is in questionable territory. The Department of Interior (DOI) appeared
before the Senate’s Energy and Natural Resources Committee last week, and the DOI admitted with them having
completed a GOM lease sale in December they have only started preparing for the
next one, and the estimated timeline is 18 months. If this is the case, the DOI will be in
violation of a clause in the 2022 Inflation Reduction Act (IRA) and future wind
lease sales may be in jeopardy! The head
of the DOI says they will meet their duties to keep all offshores lease sales on
track. If you would like to read more of
the article from The Houston Chronicle, please click the link: Gulf oil and gas leasing likely delayed (houstonchronicle.com).
If you would like to learn in regard to the GOM Offshore Oil and Gas Leasing
Program from the U.S. Department of Interior’s Bureau of Ocean Energy
Management, please click the link: National OCS Oil and Gas Leasing Program | Bureau of Ocean Energy Management (boem.gov).
If you would like help in looking
into how to transport your liquid product from your terminal and reduce your emissions
to spearhead your company’s goal of becoming carbon neutral, contact us via the
email in the blog and check out our ESC's website!
ITLA’s
Conference and Trade Show (May 6 – 8, 2024) in Houston, Texas
has started. If you would like more information, please click the link: ILTA 2024.
Representatives of ESC will be attending the Trade Show Tuesday
afternoon we hope to see you there!
We hope you have a great and
productive rest week!
**Disclaimer – The Houston Chronicle
may charge a fee to read this article. **