Oil companies offer $382M for offshore drilling rights in last sale before 2025
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Oil companies have offered $382 million for drilling rights in the Gulf of Mexico after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species
Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale...
WASHINGTON (AP) — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species. The auction was the last of several offshore oil and gas lease sales mandated under the 2022 climate law. […]
Companies including Chevron, Hess and BP offered bids on more than 300 parcels covering 2,700 square miles.