Companies Bid $264M in Gulf Oil Sale Mandated by Climate Law
The auction was the first in the Gulf in more than a year and drew strong interest from industry giants including Chevron, BP and ExxonMobil.
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The auction was the first in the Gulf in more than a year and drew strong interest from industry giants including Chevron, BP and ExxonMobil.
Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year's climate bill
The U.S. held its first auction of oil and gas drilling leases in the Gulf of Mexico in more than a year. Chevron, BP and Shell were buyers.
The auction was the first in the Gulf in more than a year and drew strong interest from industry giants including Chevron, BP and ExxonMobil.
NEW ORLEANS (AP) — Companies have offered bids on more than 2,600 square miles (6,700 square kilometers) of federal oil and gas leases in the Gulf of Mexico in a sale mandated by last year’s climate bill compromise. Wednesday’s auction is the first in more than a year and is expected to draw interest from […]