Next GoM lease sale announced

THE US Bureau of Ocean Energy Management has announced its seventh offshore lease sale in the Gulf of Mexico as part of the Obama administration's Outer Continental Shelf oil and gas leasing program.

The five-year program, which has so far offered more than 60 million acres for development and garnered $US2.4 billion ($A) in high bids, is aiming to reduce America's dependence on foreign oil.

loader