World Oil (WO) – Western Energy Alliance won a significant victory in court last Friday as the U.S. District Court for the District of Columbia upheld the first offshore oil and gas lease sales of the Biden administration, held in June 2022. Judge Christopher Copper ruled in favor of the Bureau of Land Management’s (BLM) greenhouse gas (GHG) analysis that
World Oil (WO) — The Department of the Interior announced its proposal for a second offshore wind energy auction in the Gulf of Mexico. The proposed lease sale includes four areas offshore Louisiana and Texas, totaling 410,060 acres, which the department claims has the potential to power 1.2 million homes. With the proposed sale, BOEM is seeking feedback on various
World Oil (Bloomberg) — Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales. The sale, held by the Interior Department Wednesday, brought in more than any federal offshore oil and
World Oil (WO) — In a pivotal moment for American energy policy, National Ocean Industries Association (NOIA) President Erik Milito emphasizes the urgency of Congressional intervention following the conclusion of Gulf of Mexico Lease Sale 261. Milito issued the following statement: “Today signifies a critical point in American energy policy. The U.S. offshore oil and gas industry is stepping up
Nasdaq The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a United Nations’ conference aimed at combating fossil fuel-driven climate change in Dubai. The Interior Department’s U.S. Bureau of Land Management (BLM) will offer 63 drilling
World Oil (WO) — As a result of the order issued by the United States Court of Appeals for the Fifth Circuit on Nov. 14, 2023, the Bureau of Ocean Energy Management (BOEM) has scheduled Lease Sale 261 for Dec. 20, 2023. The Gulf of Mexico oil and gas lease sale was originally scheduled for Sept. 27, 2023, and later
World Oil (Bloomberg) — A federal appeals court ordered the Biden administration to sell drilling rights in the Gulf of Mexico within 37 days, a defeat for environmentalists who argued oil leasing and development in the region imperil a critically endangered whale. The ruling Tuesday by the Fifth Circuit Court of Appeals means the US Interior Department has until Dec.
Oil Price When the Ugandan and Tanzanian governments announced the East African Crude Oil Pipeline project, it elicited very different reactions. Some cheered the news that would add Uganda to the world’s oil producer club and move its crude to buyers around the world from the Tanzanian coast. Others almost immediately staged protests, claiming any new oil development would compromise the
World Oil (WO) — The Department of the Interior will hold the first-ever offshore wind energy lease sale in the Gulf of Mexico, advancing the Biden-Harris administration’s work to deploy 30 gigawatts (GW) of offshore wind energy by 2030. The areas to be auctioned on August 29, 2023, by the Bureau of Ocean Energy Management have the potential to generate
World Oil (Bloomberg) – The Biden administration has formally rebuffed a bid by environmental activists to phase down oil and gas production on federal lands and waters, marking its latest nod to the endurance of fossil fuels in a warming world. Laura Daniel-Davis, the Principal Deputy Assistant Secretary of Land and Mineral Management at the Interior Department, said in
World Oil WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful. The Interior Department said it planned to issue a formal notice in September to reschedule a Gulf lease auction and would take steps
Energyworld.com The US Bureau of Land Management, which oversees the federal government’s leasing program, had previously delayed sales in Utah, Mississippi, Nevada and Colorado expected this month, as well as a major sale in New Mexico in late May The Trump administration has shelved a large oil and gas lease sale in Wyoming that was scheduled for later this month, according to a government spokeswoman, the sixth such
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