WorldOil BOEM announces region-wide lease sale for GOM BOEM will offer 77.8 million GOM acres, including all available unleased areas in federal waters. U.S. oil lets top Korean refiner pivot away from Middle East South Korea’s biggest oil refiner is looking to buy a wider variety of U.S. crude grades to reduce its reliance on Middle East supply. Hurricane Barry halts large portion of GOM oil output Hurricane Barry shut-in three-quarters of U.S. GOM crude production. Oil rides to seven-week high on Gulf storm, tightening U.S. supply Oil rode a tide of bullish news to its highest price in almost two months as a potential hurricane roiled the Gulf of Mexico and U.S. crude inventories dropped. What’s new in exploration Rebound seen in new offshore exploration Tropical Storm Barry could form in Gulf of Mexico, rattling markets A tropical storm could form in the eastern Gulf of Mexico by Thursday and potentially swirl through offshore oil and gas fields along the coast. Incident claims the lives of two people on Shell's Auger platform Two people were killed and one injured on Royal Dutch Shell’s Auger platform in the Gulf of Mexico on Sunday. GulfSlope Energy launches shallow prospect program in the Gulf of Mexico GulfSlope has announced the execution of a letter of intent with a privately held oil and gas company to form a joint venture to generate and drill shallow depth prospects in the Gulf of Mexico. WandT Offshore acquires producing properties in the Gulf of Mexico WandT Offshore, Inc. has announced that it has entered into a purchase and sale agreement with ExxonMobil Corporation to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico (GOM), offshore Alabama, and related onshore processing facilities for $200 million. LLOG reports start of production at Buckskin Project, in deepwater GOM LLOG Exploration Company, LLC has announced that it has initiated production from the Buckskin Project in the deepwater Gulf of Mexico.