Gulf drilling auction expected to net high bids
Federal officials will unseal nearly 600 secret bids for offshore oil and gas leases on Wednesday, during the first auction of drilling rights in the central Gulf of Mexico since the Deepwater Horizon...
View ArticleBidding begins in Gulf drilling lease sale
The federal government is kicking off an auction of leases to drill in the central Gulf of Mexico today, but it probably won't look much like last year's sale of similar territory, when pent-up,...
View Article14 companies bid for western Gulf leases
Federal officials on Wednesday will open sealed bids from 14 companies vying for new oil and gas leases in the western Gulf of Mexico.
View ArticleFeds move ahead with central Gulf auction
The Obama administration is moving ahead with plans to sell offshore drilling rights in the central Gulf of Mexico.
View ArticleOffshore auction tests industry’s appetite amid slumping prices
Just 35 companies are participating in the government auction of Gulf of Mexico drilling rights -- down from 50 a year ago and 56 in a similar March 2013 auction -- suggesting that lower oil prices may...
View ArticleWinning Gulf lease sale bids total $156 million, 4th lowest since 1983
"I think the industry is proceeding cautiously," said Janice Schneider, Assistant Secretary for Land and Minerals Management. "When market conditions improve I think we're going to see robust...
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