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The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Oil companies have offered $382 million for drilling rights in the Gulf of Mexico after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species

Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale...

WASHINGTON (AP) — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species. The auction was the last of several offshore oil and gas lease sales mandated under the 2022 climate law. […]

Companies including Chevron, Hess and BP offered bids on more than 300 parcels covering 2,700 square miles.

Danish renewable energy giant Ørsted is to press ahead with developing the world’s largest offshore wind farm after the UK increased financial support

The latest lease sale for acreage in the Gulf of Mexico under the Biden administration has gathered nearly $382.2 million in high bids.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

It will be the last offshore sale before 2025.

It will be the last offshore sale before 2025.