Bureau Of Ocean Energy Management News
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A federal sale of oil-drilling rights in the Gulf of Mexico drew more than $1.2 billion in high bids today, making it one of the top 10 sales of its kind in the past four decades.
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The U.S. completed a draft environmental assessment for an oil and gas lease sale as soon as this year in the western Gulf of Mexico, the Bureau of Ocean Energy Management, Regulation and Enforcement said.
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The Obama administration is gauging interest in wind power development off the coast of New York, after a state agency proposed an offshore project 11 nautical miles south of Long Beach.
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The offshore-energy industry has developed the resources to meet U.S. regulations imposed after the BP Plc oil spill in the Gulf of Mexico, allowing additional exploration and leasing, the top federal regulator said.
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The liquidator of Bernard L. Madoff’s firm sued Lion Global Investors Ltd. and at least six other companies to recover at least $172.8 million they allegedly received from investments made with the con man by Fairfield Sentry Ltd.
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Oil-lease auctions for the Gulf of Mexico should be halted because regulators failed to fully consider the risks revealed in the Deepwater Horizon disaster, according to a lawsuit filed by environmental activist groups.
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The Obama administration remains slow in approving plans for deep-water oil exploration in the Gulf of Mexico, according to the American Petroleum Institute , the largest energy trade organization in the U.S.
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Dewey & LeBoeuf LLP, whose bank loans are partly secured with money due from clients, told partners they can’t have their monthly pay until they send all the bills for their services, a person familiar with the matter said.
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A German submarine from World War II and a two-masted schooner that sank in the early 1800s are among finds made by C&C Technologies Inc. in the Gulf of Mexico.
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Chevron Corp. won approval for the first “completely new exploration” in the deep waters of the Gulf of Mexico after BP Plc’s oil spill last year, a regulator said.
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