Page 5 - Proposed Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The OCS Lands Act (OCSLA) charges the Secretary of the Interior with establishing a schedule of lease sales for a five-year period by evaluating specific factors of OCS regions and selecting the size, timing, and location of proposed OCS lease sales that best meet regional and national energy needs. BOEM is the agency under the Interior Department responsible for administering and advising the Secretary about the National OCS Program.

National Ocean Industries Association President Erik Milito said Interior has had 16 months to fulfill its statutory obligation to develop and maintain an offshore oil and gas leasing program and it has failed.

Last week, the U.S. Department of the Interior released its proposed Outer Continental Shelf (OCS) five-year program for offshore oil and gas leasing. The Outer Continental Shelf Lands...

Chuck DeVore thinks given the Biden administration’s stance on fossil fuels, prices will go much higher in the near future.

The Biden administration has released a preliminary proposal that could prohibit oil and gas leases in the Gulf of Mexico for the next five years, though it will undergo a lengthy public comment period and congressional review before it’s finalized.