Bureau Of Ocean Energy Management News
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President Barack Obama said tax breaks for natural-gas powered trucks will help the U.S. cut its dependence on imported oil.
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India’s capital market regulator is reviewing the initial public offering process to stop companies from raising funds using falsified information, after seven firms were found to have violated rules.
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Ten planned lease sales in the Gulf of Mexico will reduce dependence on foreign oil, the U.S. Interior Department said in a draft environmental review.
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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 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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Royal Dutch Shell Plc won conditional U.S. approval for a plan to drill as many as six exploration wells in Alaska’s Chukchi Sea next year, the Bureau of Ocean Energy Management said.
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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 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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The first lease sale for oil production in the Gulf of Mexico since BP Plc’s 2010 spill attracted 241 bids from 20 companies, the Interior Department said as an environmental group sought to block the auction.
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Petroleo Brasileiro SA, the fifth- biggest oil company by value, has “many, many, many” offers for the $13.6 billion of assets it plans to sell, including fields in the Gulf of Mexico, its chief executive officer said.
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