While the permitting reform is at the top of the list concerning the biggest hurdles to the development of new and expansion of existing energy projects in the United States, the lack of a new five-year offshore leasing programme is regarded as a significant lapse by the oil and gas industry.
In a letter to President Biden, the energy trade groups urged the administration to finalize a program that includes the maximum number of lease sales and begin the pre-leasing work required to start holding sales in 2024.
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.