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The scaled-back plan, which proposes no oil and gas lease sales in Alaska, disappoints all sides.

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska. The Democratic administration is trying to navigate between energy companies that have pressed for greater oil and gas production and environmental activists who have urged Biden to shut down new offshore drilling in the fight against climate change. The three lease sales proposed Friday are the minimum number the administration could legally offer if it wants to continue expanding offshore wind development. A 2022 climate law dictates th...

Updated Price for Natural Gas (NYMEX: NGF23). Charting, Price Performance, News & Related Contracts.

The Biden administration signed off on a large-scale oil project in rural Alaska, one of its most consequential resource decisions yet and one certain to devastate the environmental groups and congressional Democrats who advocated against the project.

The Bureau of Ocean Energy Management was offering leases for 193 blocks totaling some 958,000 acres