Gulf of Mexico Drilling Rights Up for Grabs in Landmark Auction ...Middle East

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Gulf of Mexico Drilling Rights Up for Grabs in Landmark Auction
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The U.S. Department of the Interior is scheduled to auction off drilling rights in the Gulf of Mexico, after which a two-year suspension of all drilling auctions will go into effect.  For oil and gas companies, it will be their last chance to get into the Gulf of Mexico drilling action until 2025. The two-year suspension of drilling auctions could trigger renewed interest in snapping up drilling rights that will be unobtainable immediately following.  The auction is part of a mandate enshrined in climate law and stoically upheld by federal…

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