Upstream Policy News Today

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 Bureau of Ocean Energy Management (BOEM) sold leasing rights for a major offshore oil and gas drilling area in the Gulf of Mexico on Wednesday.

Originally scheduled for September 27, 2023, Lease Sale 261 faced multiple obstacles, including an emergency stay order and subsequent appeals from environmental groups and industry stakeholders, prompting BOEM to delay the sale.

Until the court rules, BOEM cannot be certain of which areas or stipulations may be included in the sale notice.

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

The Biden administration has issued the lowest number of permits for new offshore oil wells in the past 19 years, according to E&E News.

(The Center Square) – Fourteen U.S. energy groups have called on the Biden administration to prioritize U.S. energy production and American’s energy needs by developing fair and consistent federal leasing

Energy groups have called on the Biden administration to prioritize U.S. energy production and America’s energy needs by developing fair and consistent federal leasing regulations.

(The Center Square) – Fourteen U.S. energy groups have called on the Biden administration to prioritize U.S. energy production and American’s energy needs by developing fair and consistent federal leasing regulations.

Energy groups have called on the Biden administration to prioritize U.S. energy production and America’s energy needs by developing fair and consistent federal leasing regulations.