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Oil giants offer $264M for Gulf of Mexico drilling rights

Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year's climate bill compromise.The auction was the first in the Gulf in more than a year and drew interest from industry giants including ExxonMobil, Shell and Chevron. It could further test the

US to auction Gulf of Mexico oil under climate compromise

The Biden administration is auctioning oil and gas leases across more than 114,000 square miles in the Gulf of Mexico in a sale mandated by last year s climate bill. Wednesday s

$264M bid for oil leases in Gulf

Oil companies offered a combined $264 million Wednesday for drilling leases in public waters of the Gulf of Mexico in a sale mandated by last year s U.S. climate bill compromise.

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