Home / Tag Archives: National Ocean Industries Association

Tag Archives: National Ocean Industries Association

The Latest: Officials: Still interest in Gulf of Mexico oil

NEW ORLEANS — The latest on the federal oil lease sale Wednesday in the western Gulf of Mexico, off the Texas coast (all times local). ___ 4:20 p.m. The big bidder in Wednesday’s oil lease sale for tracts off the Texas coast says it’s very pleased with the outcome. BHP Billiton Petroleum bid nearly $16.3 million for 26 of the ...

Read More »

Oil lease sale Wednesday for tracts off of Texas

NEW ORLEANS — The federal government on Wednesday will offer 21.9 million acres off the Texas coast to oil and gas developers, though low oil prices are likely to limit interest. The last two comparable lease sales in the western Gulf of Mexico brought $109.1 million last year and $100.1 million in 2012. A March 18 sale in the far ...

Read More »