Oil Lease Sale

As Drilling At Relief Well Continues, Gulf Coast Toils Over Spill Recovery

This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our… Keep reading →

Cabinets From Both UK And Scottish Governments Meet In North East Scotland

The US EPA lifted a ban that prohibited BP from bidding on new leases in the Gulf of Mexico. BP was suing the EPA because of the ban. The British oil major may now participate in a lease sale being held this Wednesday. “After a lengthy negotiation, BP is pleased to have reached this resolution,… Keep reading →