US to lease out Gulf of Mexico chunk for oil drilling

Editors' Picks

  • FC Pune City ropes in experienced technical staff members

    FC Pune City ropes in experienced technical staff members

    FC Pune City ropes in experienced technical staff members

    Matt Radcliffe has been at major clubs such as Manchester United and Liverpool …

  • Monaco striker Martial set to join Manchester United

    Monaco striker Martial set to join Manchester United

    Monaco striker Martial set to join Manchester United

    Monaco forward Anthony Martial is poised to join Manchester United after being allowed to leave the France training camp to sign his contract on deadline day, the French federation said on Monday. "He asked Didier Deschamps the authorisation to travel to England to sign a contract with Manchester United. Given the exceptional circumstances, the coach has granted that authorisation to the player," the FFF said in a statement. …

  • Martinez doesn't blame Spurs' Dier for Cleverly injury

    Martinez doesn't blame Spurs' Dier for Cleverly injury

    Martinez doesn't blame Spurs' Dier for Cleverly injury

    (Reuters) - Everton manager Roberto Martinez has refused to blame Tottenham Hotspur midfielder Eric Dier for a tackle on Tom Cleverly that saw the England international stretchered off during Saturday's 0-0 Premier League draw at White Hart Lane. Dier slid in on Cleverly just before half time and the 26-year-old former Manchester United midfielder is suspected to have sustained damage to his ankle ligaments and is awaiting the results of a scan, according to a report in the Liverpool Echo. …

  • PSG's Cavani on target, Di Maria impressive in Monaco win

    PSG's Cavani on target, Di Maria impressive in Monaco win

    PSG's Cavani on target, Di Maria impressive in Monaco win

    It took him some time but when Paris St Germain's Edinson Cavani found his range he netted a second-half double to help snatch a 3-0 win at Monaco that extended the champions' perfect Ligue 1 start on Sunday. Uruguay striker Cavani was his usual wasteful self in the first half, missing a couple of chances, until he found the net in the 57th and 73rd minutes to put PSG on a maximum 12 points from four games. Ezequiel Lavezzi added a third seven minutes from time after being perfectly set up by …

  • 'Unbelievable' Swansea becoming Premier League force, says Monk

    'Unbelievable' Swansea becoming Premier League force, says Monk

    'Unbelievable' Swansea becoming Premier League force, says Monk

    By Tom Hayward LONDON (Reuters) - Swansea City are becoming a force in the Premier League after maintaining their unbeaten start with am impressive come-from-behind 2-1 victory over Manchester United, manager Garry Monk said. Sunday's win was Swansea's third in a row against United and extended an excellent start to the season which began with an opening-day draw at champions Chelsea. "We're a good team," Monk told Sky Sports. …

  • Swansea end Man United's unbeaten start, Southampton win at Premier League

    Swansea end Man United's unbeaten start, Southampton win at Premier League

    Swansea end Man United's unbeaten start, Southampton win at Premier League

    By Tom Hayward LONDON (Reuters) - Swansea City came from behind to end Manchester United's unbeaten start to the Premier League season with an impressive 2-1 victory at the Liberty Stadium on Sunday. After an entertaining first half ended goalless Juan Mata fired Luke Shaw's teasing cross into the roof of the net in the 48th minute before Swansea took control. Andre Ayew restored parity with a headed effort 13 minutes later before Bafetimbi Gomis maintained his superb form with a low shot …

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.