Department of Interior Cancels Two Chukchi, Beaufort Sea, Lease Sales

Department of Interior Cancels Two Chukchi, Beaufort Sea, Lease Sales

In announcement on Friday, the Department of the Interior cited current market conditions and low industry interest as reasons for the cancellation of two potential Arctic offshore lease sales that were scheduled under the current five-year offshore oil and gas leasing program for 2012-2017. This news comes after Shell’s announcement that it would cease further exploration […]