USA Government Comments on Gulf of Mexico Lease Program
The U.S. Department of the Interior sent a statement after Rigzone asked if its five-year program for leasing in the Gulf of Mexico would lapse. The U.S. Department of the Continue Reading
A Crisis Could be Brewing in the Gulf of Mexico
The next five-year offshore leasing program must be in place by July 1 – but it’s well behind schedule. Jeopardized American energy security and a cost of thousands of U.S. Continue Reading
Analysis: Biden gets climate win with court loss on Gulf of Mexico oil leases
A U.S. judge’s surprise decision this week to annul the Biden administration’s first Gulf of Mexico oil lease auction because of its climate change impact has raised questions about the Continue Reading
Federal Judge Annuls Massive Gulf Of Mexico Lease Sale
Federal judge: Bureau of Ocean Energy Management broke the environmental law Plaintiffs, including the Sierra Club, Earthjustice, the Center for Biological Diversity, and Friends of the Earth, praised the ruling Continue Reading
The Biden administration said its drilling-lease spree in the Gulf was court-ordered. It wasn’t.
Last month, the Biden administration held the largest-ever auction of oil and gas drilling leases in the Gulf of Mexico’s history, claiming it was obligated to hold the sale due Continue Reading
Giant Argos Platform Arrives To GOM Offshore Home (VIDEO)
BP’s massive Argos platform has arrived at its final location in the U.S. Gulf of Mexico following a journey from a yard in Texas. BP’s massive Argos platform has arrived Continue Reading
Shell Makes Another Discovery In GOM Perdido Corridor
Shell has made a material discovery at the Blacktip North prospect in the deepwater of the U.S. Gulf of Mexico. Oil supermajor Shell has made a material discovery at the Continue Reading
Biden Gulf of Mexico Lease Sale Results Are In
A total of 33 companies participated in the lease sale, submitting $198,511,834 in total bids. The Bureau of Ocean Energy Management (BOEM) has announced that Gulf of Mexico Lease Sale Continue Reading
Breakeven Price For New Oil Projects Drops In 2021
Rystad: Costs within the upstream sector have come down considerably in 2021 New oil becomes more competitive and significantly cheaper to produce Deepwater and oil sands producers have significantly lowered Continue Reading
U.S. Gulf of Mexico auction attracts pent up demand from oil drillers
The Biden administration’s auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any Continue Reading