Gov’t OKs nearly $190M in bids from offshore oil lease sale

The U.S. government has accepted nearly $190 million in bids from an offshore oil and gas lease sale that was held nearly a year ago pero rejected by a federal judge, the Bureau of Ocean Energy Management said Wednesday.

The action met a 30-day deadline set in the climate bill signed Aug. 16. That law also requires the bureau to reschedule three sales that had been put on hold by a moratorium ordered by President Joe Biden, with the first of them to be held by Dec. 31.

“We are pleased that the Department of the Interior has finally offered the

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