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Gulf of Mexico oil & gas lease sale pulls off highest bid amount in almost a decade, Shell emerges as top bidder

The latest lease sale for acreage in the Gulf of Mexico under the Biden administration has gathered nearly $382.2 million in high bids.

United statesGulf of mexicoState of louisianaHolly hopkinsAnadarko us offshoreRepsolep united statesUnited states courtEquinor gulf of mexicoWater conservation fundHistoric preservation fundAmerican petroleum institute viceWoodside energyAmerican petroleum instituteBureau of ocean energy managementHouston energyHess corporation

Biden Admin Holds Major Offshore Oil And Gas Lease Sale After Spending Months Trying To Tank It

The Bureau of Ocean Energy Management (BOEM) sold leasing rights for a major offshore oil and gas drilling area in the Gulf of Mexico on Wednesday.

White houseDistrict of columbiaUnited statesGulf of mexicoMexico generalHolly hopkinsErik militoAmerican petroleum instituteUs fifth circuit courtUs energy information administrationBiden administration offshore oil leasingAmerican energy securityNational ocean industries associationDaily caller news foundationBureau of ocean energy managementDepartment of the interior

Gulf of Mexico Lease Sale Delayed Amid Legal Challenges and Regulatory Uncertainty

Originally scheduled for September 27, 2023, Lease Sale 261 faced multiple obstacles, including an emergency stay order and subsequent appeals from environmental groups and industry stakeholders, prompting BOEM to delay the sale.

Gulf of mexicoUnited statesHolly hopkinsUnited states bureau of ocean energy managementAmerican petroleum instituteNational oceanicDepartment of theUnited states courtAtmospheric administrationUs energy information administrationUnited states bureauOcean energy managementLease saleFifth circuitVice presidentUpstream policy

BOEM Postpones Gulf of Mexico Lease Sale

Until the court rules, BOEM cannot be certain of which areas or stipulations may be included in the sale notice .

United statesGulf of mexicoHolly hopkinsErik militoAmerican petroleum instituteNational ocean industries associationBureau of ocean energy managementUnited states courtUs department of the interiorAppeals courtDepartment of theGulf of mexico outer continental shelf oilOcean energy managementMexico lease saleFifth circuitLease sale

Gulf of Mexico oil & gas lease sale put off again until court decision comes

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

State of louisianaUnited statesGulf of mexicoHolly hopkinsDepartment of theBureau of ocean energy managementCircuit courtUnited states courtAmerican petroleum institute viceUs bureau of ocean energy managementAmerican petroleum instituteOcean energy managementFifth circuit courtLease saleFifth circuitVice president

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