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WASHINGTON (AP) — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden

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. It comes as President Joe Biden’s Democratic administration tries to navigate between energy companies seeking greater oil and gas production and environmental activists wh...

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 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. It comes as President Joe Biden’s Democratic administration tries to navigate between energy companies seeking greater oil and gas production and environmental activists wh...

HOUSTON, Dec. 19, 2023 /PRNewswire/ -- Shell Offshore Inc., a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), Sparta is...

This final investment decision (FID) marks the initiation of a strategic campaign to deliver three wells, with the primary goal of augmenting production at the Perdido spar, situated approximately 200 miles south of Galveston, Texas, in waters around 8,000 feet deep.

Shell subsidiary Shell Offshore has acquired MOEX North America's 20% working interest (WI) in the Kaikias field.

Shell plans a phased campaign to deliver three wells in the Great White unit, designed to boost production at the Perdido Spar.

Shell Offshore has announced the final investment decision (FID) to increase production at the Perdido platform in the US Gulf of Mexico.