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Oil Drillers Snap Up Gulf of Mexico Leases Ahead of Biden Pause

(Bloomberg) Hess Corp. was the high bidder in a US auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales.Most Read from BloombergTrump Barred From Colorado Ballot in Unprecedented RulingThe Hedge Fund Traders Dominating a Massive Bet on BondsApple Races to Tweak Software Ahead of Looming US Watch BanStocks Rally Loses Steam While Treasuries Power On: Markets WrapOnce Af ....

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