Federal Offshore Oil And Gas Auctions Could Be Limited To Gulf Of Mexico ...Middle East

The Biden Administration could restrict all future federal offshore oil and gas drilling auctions to the Gulf of Mexico area, according to two anonymous Reuters sources, after the U.S. Department of the Interior recommended the exclusion of all other areas. The Biden Administration has until today, June 30, to submit its five-year offshore development plan—although the areas that might be included look like they could be slimmed down to the Gulf of Mexico. Previously federal oil and gas leases for drilling have also included Alaska. Other…

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