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14 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 collect millions in Gulf oil drilling sale, despite falling prices
Slumping oil prices tempered some of the industry's enthusiasm for new drilling rights in the Gulf of Mexico -- but not much.
View ArticleChesapeake Energy ex-CEO McClendon indicted
McClendon is accused of orchestrating a scheme between two “large oil and gas companies” to not bid against each other for leases, the U.S. Justice Department said Tuesday in a statement.
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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