US to lease out Gulf of Mexico chunk for oil drilling

Editors' Picks

  • Marquinhos breaks his silence over Barcelona and Manchester United interest

    Marquinhos breaks his silence over Barcelona and Manchester United interest

    Marquinhos breaks his silence over Barcelona and Manchester United interest

    PSG defender Marquinhos wanted by Barcelona and Manchester United …

  • Southampton can still make Champions League - Koeman

    Southampton can still make Champions League - Koeman

    Southampton can still make Champions League - Koeman

    Southampton can still qualify for the Champions League but need to be more ruthless in front of goal to keep their European dream alive, manager Ronald Koeman said on Monday. After a 1-0 defeat by West Bromwich Albion on Saturday, Southampton have slipped to sixth in the Premier League table, four points behind fourth-placed Manchester United. Former Saints boss Alan Pardew brings his resurgent Crystal Palace to St Mary's on Tuesday and Koeman is targeting victory after mapping out his …

  • Di Maria will get back to his best at United - Rooney

    Di Maria will get back to his best at United - Rooney

    Di Maria will get back to his best at United - Rooney

    Angel Di Maria is a great player and will rediscover his best form for Manchester United after enduring a difficult time of late, captain Wayne Rooney said. The 27-year-old Argentine has done little to justify the British record transfer fee of 59.7 million pounds ($92 million) United spent to recruit the flying winger from Real Madrid. Di Maria, who has scored three goals in 19 Premier League games this season, was taken off at halftime during United's 2-0 victory over Sunderland on Saturday …

  • Jose Mourinho insists both Manchester City and United are still in Premier League title race

    Jose Mourinho insists both Manchester City and United are still in Premier League title race

    Jose Mourinho insists both Manchester City and United are still in Premier League title race

    Jose Mourinho had banned his players from watching the Liverpool - Manchester City match to ensure they remained focused ahead of the final. He also said that both City and Manchester United were still very much in the race for the Premier League title. …

  • Rooney provides timely reminder of United worth

    Rooney provides timely reminder of United worth

    Rooney provides timely reminder of United worth

    Wayne Rooney provided a timely reminder to Manchester United manager Louis van Gaal that he can be a prolific Premier League goalscorer after he netted a brace in a 2-0 win against Sunderland to help United go third. Van Gaal restored Rooney to an advanced position after trialing him in a number of positions across United's midfield -- to accommodate misfiring pair Robin van Persie and Radamel Falcao -- in the last two months. On Friday, Van Gaal attributed United's struggles this season to …

  • Rooney ends goal drought as United go third

    Rooney ends goal drought as United go third

    Rooney ends goal drought as United go third

    By Tom Hayward LONDON (Reuters) - Wayne Rooney ended his eight-game Premier League scoring drought with a brace as Manchester United climbed back above Arsenal into third with a 2-0 victory against a dogged Sunderland on Saturday. United were booed during stages of another underwhelming first half at Old Trafford but Rooney, restored to his favoured forward position, dispatched a 66th-minute penalty after Radamel Falcao was impeded by John O'Shea. …

Washington, Jan 27 (IANS) The US government Thursday announced plans to sell leases for 38 million acres in central Gulf of Mexico for oil exploration to increase domestic energy supplies.

The scheduled sale in June will be the second since the BP oil spill in the Gulf of Mexico in 2010. The leases are expected to generate one billion barrels of oil and four trillion cubic feet of natural gas, according to the US interior department's estimates.

The planned sale of all available unleased areas in the so-called Central Planning Area off Louisiana, Mississippi and Alabama followed US President Barack Obama's State of the Union speech Tuesday, in which he said a major task on his agenda this year would be to develop domestic energy supplies, reported Xinhua.

Expanding offshore oil and gas production is a major part of the country's comprehensive energy strategy to grow America's energy economy, and "will help us continue to reduce our dependence on foreign oil and create jobs here at home", US Interior Secretary Ken Salazar said.

Terms of the sale will reflect reforms "to ensure fair return to taxpayers and encourage diligent development", such as escalating rental rates to encourage prompt exploration, the Interior Department said in a statement.

Supporters of the sale said more oil exploration will create jobs, while opponents warned of the risks related to oil exploration.

The Deepwater Horizon drilling rig leased by BP exploded and sank in the Gulf of Mexico in April 2010, killing 11 workers and unleashed the worst oil spill in US history.

The US government in December last year auctioned offshore drilling leases in the western Gulf of Mexico, the first such sale since BP oil spill.

Most Popular Stories

  • AAP infighting intensifies, Bhushan slams Kejriwal

    AAP infighting intensifies, Bhushan slams Kejriwal

    Mail Today
    AAP infighting intensifies, Bhushan slams Kejriwal

    Yogendra Yadav and Prashant Bhushan, two of the founders of the party, have offered to opt out of the political affairs committee of AAP. …

  • How Islamic is Islamic State group? Not very, experts say

    How Islamic is Islamic State group? Not very, experts say

    Associated Press
    How Islamic is Islamic State group? Not very, experts say

    CAIRO (AP) — Three British schoolgirls believed to have gone to Syria to become "jihadi" brides. Three young men charged in New York with plotting to join the Islamic State group and carry out attacks on American soil. A masked, knife-wielding militant from London who is the face of terror in videos showing Western hostages beheaded. …

  • Cricket: Dalmiya seals comeback as India board chief

    Cricket: Dalmiya seals comeback as India board chief

    AFP
    Cricket: Dalmiya seals comeback as India board chief

    New Delhi, March 2, 2015 (AFP) - Jagmohan Dalmiya, who turned India into cricket's financial powerhouse before being unceremoniously dumped by his peers, returned as board president Monday in place of the sport's scandal-hit global supremo. …

  • De Villiers expected to score big against Irish in World Cup

    De Villiers expected to score big against Irish in World Cup

    Associated Press
    De Villiers expected to score big against Irish in World Cup

    CANBERRA, Australia (AP) — South Africa players have said they're in awe of skipper A.B. de Villiers' current form, with high expectations of another record-breaking innings when he faces Ireland in a World Cup Pool B match on Tuesday. …

  • Cricket: Pakistan down Zimbabwe to get campaign back on track

    Cricket: Pakistan down Zimbabwe to get campaign back on track

    AFP
    Cricket: Pakistan down Zimbabwe to get campaign back on track

    Brisbane, Australia, March 1, 2015 (AFP) - Pakistan got their World Cup campaign back on track Sunday when the 1992 champions downed Zimbabwe by 20 runs to claim their first win of the tournament. …