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Tag Archives: Bureau of Ocean management

The Latest: Dismal oil tract sale results due to low prices

oil lease sale, Louisiana, offshore drilling

NEW ORLEANS (AP) — The Latest on federal oil lease sale (all times local): 10:15 a.m. A federal official says low oil prices are the reason few companies were interested in bidding in the latest oil lease sale for the Gulf of Mexico. The regional director for the Bureau of Ocean Energy Management, Michael Celata (sel-AH-tuh), says the $18 million ...

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Gulf oil, gas leases up for sale; environmentalists protest

NEW ORLEANS (AP) — The federal government is selling off oil and gas leases in the Gulf of Mexico during a sale Wednesday, but environmentalists opposed to fossil fuels development on public lands plan to protest. The Bureau of Ocean Energy Management is offering about 45 million acres for exploration and development. Companies submit bids in advance to the agency, ...

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