Friday, Nov 27th

Last update12:56:09 AM GMT

You are here News Energy U.S. makes $1 billion in gulf lease sale

U.S. makes $1 billion in gulf lease sale

E-mail Print PDF

Gulf of MexicoOil companies paid more than $1 billion collectively to acquire 1.6 million acres of oil and natural gas blocks in the Gulf of Mexico, the U.S. government said.

The U.S. Interior Department's Bureau of Ocean Energy Management published the final tallies from a March 20 lease sale for the central Gulf of Mexico.

Critics of President Obama's energy policies say his administration has blocked off key areas to energy explorers. The BOEM counters its lease sales, like the one in March, are contributing to record lows for foreign oil imports.

BOEM said it awarded 307 leases for 1.6 million acres off Louisiana, Mississippi and Alabama. Combined, the accepted high bids are worth $1.1 billion.


Most Recent Related Stories...

Scotland hosting new type of offshore wind program

Scotland floats new wind programThe Scottish government said it granted a license to the operators of what Edinburgh said may...

Japan now has more car charging points than gas stations

Japanese charging pointsNissan Motor Co. has reported that Japan now has more places to charge electric vehicles than...

Oil Services Co.,Baker Huhes, lays off 10,500

Baker Hughes "Extreme market forces" are in play in the global energy sector, oil services company Baker...

Researchers turn solar energy into liquid fuel

Solar energy to liquid fuelA small number of vehicles on U.S. roads are already indirectly powered by the sun. Ostensibly,...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!