Business Cover

INDEPENDENT0011 

Last summer’s Gulf lease sale was a sign of progress or just the opposite. Depends on who you ask.

At the end of the day, the June lease sale brought in more than $1.7 billion overall for the Treasury, and Statoil, a Norway-based energy firm, put up the money for an unforgettable $157 million bid — the largest in more than 30 years.

By Jeremy Alford

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