Sentence examples for offshore lease from inspiring English sources

He said his proposed offshore lease strategy made available more than 75 percent of undiscovered and technically recoverable oil and gas resources.

"Lease sales have been delayed or canceled, and this year, for the first time since 1957, we may not have a single offshore lease sale".

Tucker Martin, a spokesman for McDonnell, said the delay of public meetings should not change the timing of Virginia's planned offshore lease sale.

The House voted last week to require the Obama administration to conduct offshore lease sales in the Gulf of Mexico and near Virginia.

The coastline already has several upscale international resorts, including the Hyatt, Nam Hai and two newcomers: The InterContinental Danang Sun Peninsula Resort and Laguna Lang Co., where Banyan Tree Group is marketing 40 finished condominiums and 75 planned villas to international clients through an offshore lease structure that resembles Indochina Capital's.

In March 2010, Obama withdrew the area from offshore lease sales through 2017.

Since 1990, it has been supplemented by the first President Bush's executive order, which directed the Interior Department until 2000 not to conduct offshore leasing or pre-leasing activity in areas covered by the legislative ban.

In 1990, President George H.W. Bush issued an executive order not to conduct further offshore leasing or pre-leasing activities, with exceptions in much of the Gulf of Mexico and parts of Alaska.

The firm had spent $84m on offshore leases and had satisfied regulators.

A spokesman for the federal Minerals Management Service, which manages the offshore leases, was not available to comment.

In 1998, President Bill Clinton extended the offshore leasing prohibition until 2012.