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ConocoPhillips bids big in US Gulf lease sale

ConocoPhillips beat out rival BP to take home one of the most contested tracts of a US offshore lease sale on Wednesday morning, entering the event's highest apparent bid of $16.7 million for Alaminos Canyon Block 431.

John Rodi: BOEM regional director kicks off Western Gulf lease sale in New Orleans
John Rodi: BOEM regional director kicks off Western Gulf lease sale in New Orleans
  • Luke Johnson in New Orleans Kathrine Schmidt in Houston
Published 20 August 2014, 14:48Updated 11 October 2016, 16:17