Search results for: GOMESA

1510 results

A list of search results

  • 20 November 2019
    Business & Finance

    The U.S. Senate Committee on Energy and Natural Resources yesterday passed the Conservation of America’s Shoreline Terrain and Aquatic Life (COASTAL) Act which would increase Louisiana’s share of qualified Outer Continental Shelf oil and gas revenues under the Gulf of Mexico Energy and Security Act (GOMESA) of 2006.  The COASTAL Act, authored by Senators Cassidy […]

  • 26 April 2019
    Business & Finance

    The U.S. Department of the Interior (DOI) Secretary, David Bernhardt, yesterday announced that the Department will disburse nearly $215 million in FY 2018 energy revenues to the four Gulf oil and gas producing states – Alabama, Louisiana, Mississippi and Texas, and their coastal political subdivisions (CPS) – an increase of 14.3 percent over the prior […]

  • 2 October 2019
    Business & Finance

    Mississippi Governor Phil Bryant has announced 17 projects totaling more than $20.85 million that will be funded through the most recent Phase II Gulf of Mexico Energy Security Act (GOMESA) disbursement. GOMESA was created in 2006 by Congress and shares leasing revenues among the four Gulf oil and gas producing states of Alabama, Louisiana, Mississippi, Texas […]

  • 1 May 2019
    Business & Finance

    The U.S. Department of the Interior (DOI) Secretary, David Bernhardt, last week announced that the Department will disburse nearly $215 million in FY 2018 energy revenues to the four Gulf oil and gas producing states – Alabama, Louisiana, Mississippi and Texas. Commenting the latest announcement, Louisiana Representative Steve Scalise made the following statement: “Revenues from […]

  • 21 August 2014

    Mary L. Landrieu, U.S. Senator for Louisiana, Chair of the Senate Committee on Energy and Natural Resources renewed her call for the Bureau of Ocean Energy Management (BOEM) to open more areas to energy production in its new Five Year OCS Oil and Gas Leasing Program for 2017-2022. Yesterday, BOEM held an offshore lease sale […]

  • 31 March 2020
    Business & Finance

    Louisiana Congressman Clay Higgins has announced that the U.S. Department of the Interior will award Louisiana $155.7 million in GOMESA revenue-sharing funds. The funding, which is derived from offshore energy production, will be used to finance coastal restoration efforts in Louisiana. The State of Louisiana will administer $124,574,775.95, and the remaining $31.14 million will be […]

  • 26 April 2019

    U.S. Gulf of Mexico oil-producing states Alabama, Texas, Mississippi, and Louisiana will receive $215 million in 2018 offshore energy revenues, disbursed by the Department of the Interior.

  • 3 May 2019
    Business & Finance

    Texas Land Commissioner George P. Bush has announced that the Texas General Land Office will receive $46,313,471.21 in federal grant funding from the Gulf of Mexico Energy Security Act (GOMESA) to further support restoration of the Texas shoreline, reports the Crossroads. According to Commissioner Bush, the revenue from GOMESA is crucial to enhancing and protecting […]

  • 29 March 2019
    Business & Finance

    Governor John Bel Edwards has announced that the state Coastal Protection and Restoration Authority (CPRA) is pledging $80 million from its share of Gulf of Mexico Energy Security Act funds (GOMESA) to build a permanent floodgate across Bayou Chene. “Backwater flooding in St. Mary and neighboring parishes has increasingly been a problem over the past […]

  • 9 January 2018
    Business & Finance

    Last night, Louisiana Coastal Protection and Restoration Authority (CPRA) Executive Director, Michael Ellis, presented the Draft Fiscal Year 2019 Annual Plan at a public hearing in Belle Chasse, Louisiana. Southeastern Coastal parish residents and governing authorities were in attendance at the meeting, which is the first of three public hearings scheduled in Louisiana’s coastal zones. […]

  • 23 April 2020
    Business & Finance

    The Iberia Parish Council, State of Louisiana, has passed a resolution that may go a long way in alleviating drainage and fisheries concerns in the parish, The Daily Iberian reports.  The council voted unanimously to appropriate $5,000 from the GOMESA fund for costs related to the planning of the Coast Historical Hydrological Restoration Project. According […]

  • 13 October 2016
    Business & Finance

    Caroline Fayard, a New Orleans lawyer who is a Democratic candidate for the United States Senate, has released her plan to fight climate change and coastal erosion throughout Louisiana, and to help facilitate consensus amongst communities and businesses toward coastal restoration efforts. Caroline’s plan focuses on the immediate actions needed to expand revenue streams allocated […]

  • 11 October 2019
    Business & Finance

    Louisiana Governor John Bel Edwards has announced a state commitment of $6 million to St. Charles Parish for needed levee improvements along Magnolia Ridge and the construction of a gate on the Paradis Canal. The Coastal Protection and Restoration Authority (CPRA) is providing the funding via the Gulf of Mexico Energy Security Act (GOMESA) and […]

  • 6 September 2019
    Business & Finance

    Louisiana Governor John Bel Edwards yesterday signed an agreement allocating a total of $41.7 million to Lafourche Parish levee districts for storm protection projects. The total includes $36 million of the State’s Coastal Protection and Restoration Authority (CPRA) Gulf of Mexico Energy Security Act (GOMESA) funds and $5.6 million in surplus to the South Lafourche […]

  • 19 July 2019
    Business & Finance

    Yesterday, members of the Louisiana congressional delegation introduced H.R. 3814, which amends the Gulf of Mexico Energy Security Act (GOMESA) to increase the share of offshore oil and gas revenues that flow to Gulf states impacted by the industry, and ensure that the additional revenue would be spent on coastal restoration and protection. Restore the […]

  • 14 October 2019
    Business & Finance

    Gov. John Bel Edwards and the Louisiana Coastal Protection and Restoration Authority (CPRA) have announced a state commitment of $6 million to the South Lafourche Levee District for levee and floodwall improvements on the Larose to Golden Meadow Levee System. This funding is in addition to the $26.6 million announced last month for flood protection […]

  • 24 January 2019
    Business & Finance

    Louisiana Governor John Bel Edwards has announced his plans to designate more than $350 million in coastal dollars, including $55 million from FY18 surplus dollars to Louisiana’s coastal trust fund.  Within those surplus dollars, $15 million will be allocated to effectively restore the funds previously swept by the previous Administration. Edwards also committed $30 million […]

  • 21 February 2020
    Business & Finance

    Louisiana Governor John Bel Edwards yesterday announced his priorities for the state’s coastal program for his next four years in office. Edwards also announced the state will receive its maximum payment from the Gulf of Mexico Energy Security Act (GOMESA) for the first time. In addition, he committed at least $115 million in state surplus […]

  • 24 May 2018
    Business & Finance

    The U.S. Environmental Protection Agency’s Gulf of Mexico Program yesterday awarded $285,744 in grants to the Coalition to Restore Coastal Louisiana to help restore the swamp forest habitat near the City of New Orleans. “This grant will help protect and restore the habitat along the Louisiana coast,” said EPA Administrator Scott Pruitt. “This is a welcome […]

  • 3 October 2018
    Business & Finance

    At a legislative markup yesterday in the Senate Energy and Natural Resources Committee, Louisiana Senator Bill Cassidy pressed for increased funding to restore the Mississippi River Delta and the Louisiana coast. The Cassidy amendment, like legislation passed by a key House committee just two weeks ago, amends the Gulf of Mexico Energy Security Act (GOMESA) […]

  • 18 August 2017
    Equipment

    Governor of Virginia Terry McAuliffe has sent a letter to the Trump administration asking that Virginia be excluded from the U.S. 2019-2024 offshore oil and gas leasing plan. While McAuliffe doesn’t seem to be against the oil and gas exploration in the Atlantic, it’s the revenue sharing plan, or the lack of it, that bothers […]

  • 20 February 2019
    Authorities & Government

    US Senators Bill Cassidy and Brian Schatz (D-HI) have introduced the Offshore Wind for Territories Act, bipartisan legislation authorizing offshore wind energy development in the exclusive economic zones adjacent to US territories American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. Currently, the Outer Continental Shelf Lands Act (OCSLA) does not allow […]