Gulf oil find made ahead of lease sale

NEW ORLEANS, Nov. 28 (UPI) -- U.S. energy explorer Noble Energy, one of the first to start work in the Gulf of Mexico, said it uncovered a major oil discovery in the region's deep waters.

Gulf of Mexico oil, gas sale watched close

NEW ORLEANS, Nov. 27 (UPI) -- U.S. government and industry officials said a lease for oil and natural gas acreage in the western Gulf of Mexico likely won't set investment records.

Virginia open to offshore oil and gas

WASHINGTON, March 26 (UPI) -- A decision by Virginian lawmakers to open the door to offshore oil and gas exploration will bring in billions of dollars to the state, Washington backers said.

MMS alters Gulf of Mexico oil lease rules

HOUSTON, Feb. 7 (UPI) -- The U.S. Minerals Management Service will offer credits to lessees who give up eligible leases in the Gulf of Mexico.

Oil rights generate record $2.7 billion

ANCHORAGE, Alaska, Feb. 7 (UPI) -- Drilling rights in the Chukchi Sea northwest of Alaska generated a record $2.7 billion the U.S. Interior Department's Mineral Management Service said Thursday.

Analysis: Lease sale sparks political row

THE DALLES, Ore., Jan. 25 (UPI) -- A federal decision to allow oil and gas activities off Alaska's northwest coast has been garnered praise from oil enthusiasts and criticism from environmentalists.

Inspector: Broad failures in oil program

WASHINGTON, Sept. 26 (UPI) -- A U.S. program to collect $10 billion a year from oil companies drilling on federal lands is riddled with mismanagement and distrust, an internal report found.

UPI Energy Watch

Norway eyes Gulf of Mexico; Shell oil project in Kazakhstan halted; Gazprom to build pipeline in Nizhny region
ANDREA MIHAILESCU, UPI Energy Correspondent