Who Wins if the USA Gulf of Mexico Loses Out?
Here is an overview of global regions that could benefit from GOM uncertainty stemming from the Biden administration's leasing moratorium. A temporary U.S. federal moratorium on new oil and natural gas leases has been in place since January as part of a Biden administration executive order to review new fossil fuel leasing and permitting practices, amid other climate change initiatives to reduce carbon emissions. Analysts say the moratorium has had little or no immediate impact on current production in the U.S. Gulf of Mexico (GOM) given acreage already in play. That could change. “In case ...
Source: rigzone.com