UNITED STATES, — Before former President Joe Biden left office, he issued a ban on new activity for certain areas of offshore oil and natural gas production. President Donald Trump has since issued an ...

First Gulf oil and gas lease sale since 2023 drew 219 bids across 1.02 million acres. Auction held under Trump’s One Big Beautiful Bill Act, mandating 30 offshore sales in 15 years. High bids totaled ...

Gulf NOCs are prioritizing long-term stability and economic transformation over direct entanglement in regional conflicts, even amid escalating tensions and military actions. Each major Gulf NOC, ...

In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the Gulf of Mexico, ruling Thursday in favor of environmental groups that sued ...

U.S. oil growth is moving from maturing shale fields to offshore projects in the Gulf of Mexico. Output is projected to rise from 1.8 to 2.4 million barrels per day by 2027 amid strong federal support ...

Several environmental groups have filed a lawsuit against the federal government's planned sale of 80 million acres of the Gulf for oil and gas drilling leases. They claim the sale would violate one ...