Biden administration postpones auction for rights to drill offshore ...Middle East

The Biden administration has postponed an auction for rights to drill for oil in the Gulf of Mexico, saying it’s waiting for further court direction. The administration had originally been slated to hold an offshore oil lease sale in September, as the rights auction was mandated to be held by the Democrats’ climate, tax and healthcare bill. But it announced a delay amid ongoing litigation related to the auction. In a written statement on Thursday, the Bureau of Ocean Energy Management (BOEM) cited legal uncertainty in its reasoning for the delay. “Until the court rules, BOEM cannot be certain of which areas or stipulations may be included in the sale notice,” it said.

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Last updated : 02 Nov 2023 clock 06:52 PM

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Biden administration postpones auction for rights to drill offshore ...Middle East

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