U.S. Auctions Giant Stretch of Gulf of Mexico for Oil and Gas Drilling

U.S. Auctions Giant Stretch of Gulf of Mexico for Oil and Gas Drilling The U.S. held its first auction of oil and gas drilling leases in the Gulf of Mexico in more than a year on Wednesday. The sale — mandated by the Inflation Reduction Act (IRA) — garnered $264 million in offers from oil companies, including BP, Chevron and ExxonMobil. The auction in federal waters came just […] The post U.S. Auctions Giant Stretch of Gulf of Mexico for Oil and Gas Drilling appeared first on EcoWatch.

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