More restrictive oil and gas leasing, permitting and drilling on US federal lands and waters proposed by the Biden administration cast a wide net, but lack critical details and the policy still needs to be fleshed out for the risks to be fully evaluated, Chevron’s top executive said Jan. 29. Receive daily email alerts, subscriber notes & personalize your experience. Register Now While Chevron has a large Permian Basin operation, the greater risk for the company is to its Gulf of Mexico operation, CEO Mike Wirth said during a fourth quarter earnings call. The administration issued a moratorium on new oil and gas leases on federal lands and waters through an executive order Jan. 27 and a day later, canceled federal Gulf […]