First of 30 oil lease sales planned for Gulf of Mexico draws $300 mn from companies
naharnet - 12/11/2025 4:11:03 PM - GMT (+2 )
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naharnet - 12/11/2025 4:11:03 PM - GMT (+2 )
Oil companies offered $300 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel production.
The sale came after President Donald Trump's administration recently announced plans to allow new drilling off Florida and California for the first time in decades. That's drawn pushback, including from Republicans worried about impacts to tourism.
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