Revenues generated from offshore energy activities provide funding for the U.S. Treasury, Gulf Coast states like Mississippi, the Land and Water Conservation Fund, and the Historic Preservation Fund.
Oil companies offered $300 million for drilling rights in the Gulf of Mexico, marking the first of 30 planned sales under Republican efforts to boost U.S. fossil fuel production.
The sale came after President Donald Trump's administration announced plans to allow new drilling off Florida and California ...
President Donald Trump says the U.S. has seized an oil tanker off the coast of Venezuela amid mounting tensions with the ...
BP , Woodside Energy and Chevron were the top winners on Wednesday at the U.S. government's first sale of oil and gas ...
The auctions mark a shift from the Biden administration, which sought to reduce offshore drilling as part of a plan to move toward clean energy sources.
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