Stay updated with breaking news from Sami Yahya. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil companies including Chevron and ExxonMobil offered a combined $264 million for drilling rights in the Gulf of Mexico in a sale mandated by last year’s climate bill compromise
NEW ORLEANS (AP) — Oil companies paid a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in sales forced by last year's
Oil companies offered a combined US$264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year's climate bill compromise.
The US Gulf of Mexico appears to be flourishing amid $100/b oil prices, with drillers—especially in deepwater—talking about more wells, potential development, longer contract terms, and upturning rig dayrates. But activity may slow in the next couple of years if the Biden Administration limits or cancels lease sales, experts said this week. Earlier in May, ...
A federal court has rejected a plan to lease millions of acres in the Gulf of Mexico for offshore oil drilling, saying the Biden administration did not adequately take into account the lease sale's effect on planet-warming greenhouse gas emissions, violating a bedrock environmental law.