Hess Corp. was the high bidder in a U.S. 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.
The sale, held by the Interior Department Wednesday, brought in more than any federal offshore oil and gas lease auction since 2015, according to the U.S. .
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(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