"US Gulf of Mexico Oil Auction Is Largest Since 2015"

"A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.

The auction total was the highest of any federal offshore oil and gas lease sale since 2015, according to a Reuters tally.

Shell (SHEL.L), Hess (HES.N), Anadarko, BP (BP.L), Chevron (CVX.N), Repsol (REP.MC) and Equinor (EQNR.OL) were among the 26 companies that participated in the sale."

Nichola Groom reports for Reuters December 20, 2023.


Source: Reuters, 12/21/2023