Tag: offshore drilling

Only 1 Bid Received for Alaska Offshore Oil Sales

The U.S. government recently held an auction for the right to drill oil and gas offshore in Cook Inlet, Alaska, for which it received only a single bid. The auction, held by the Bureau of Ocean Energy Management (BOEM) on Friday, offered leases for 193 blocks totaling around 958,000 acres. However, it only received a…


Biden Looks to Block or Limit New Offshore Drilling, Scaling Back Trump-Era Plan to Pump More Oil

The Biden administration has announced plans to block all new offshore oil and gas drilling in the Atlantic and Pacific oceans, while potentially letting a handful of new leases go ahead off the coast of Alaska and in the Gulf of Mexico, charting a different course from a Trump-era plan that sought to expand offshore…