The Future Of U.S. Offshore Oil Drilling Hangs In The Balance ...Middle East

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The Future Of U.S. Offshore Oil Drilling Hangs In The Balance
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The Biden Administration is finalizing the next five-year offshore leasing program, which has been delayed by several months already, creating yet another uncertainty for the U.S. oil industry which has had to grapple with numerous mixed messages from Washington since President Biden took office.  The previous five-year program expired in June 2022. The Biden Administration hasn’t yet published a final version of the 2023-2028 program, as it looks to balance between climate goals and the need to ensure some continued production activity…

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