Current brisk US Gulf of Mexico activity could slow without regular oil and gas lease sales: experts
The US Gulf of Mexico appears to be flourishing amid $100/b oil prices, with drillers—especially in deepwater—talking about more wells, potential development, longer contract terms, and upturning rig dayrates. But activity may slow in the next couple of years if the Biden Administration limits or cancels lease sales, experts said this week. Earlier in May, ...
Source: hellenicshippingnews.com