Companies bid $264M in Gulf oil sale mandated by climate law
1 year, 8 months ago

Companies bid $264M in Gulf oil sale mandated by climate law

Associated Press  

NEW ORLEANS — Oil companies offered a combined $264 million for drilling rights in federal waters in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise. Manchin issued a statement saying the sale results showed the climate bill was “holding this administration’s feet to the fire” to continue fossil fuel production. “There’s been a lot of talk from the administration about taking climate change seriously and moving our economy away from fossil fuels, and yet we continue to see massive oil and gas projects, both onshore with Willow and offshore in the Gulf of Mexico,” said George Torgun, an Earthjustice attorney representing environmental groups in the pending federal lawsuit. Many of the leases sold Wednesday were in deep waters, which Torgun said increases the chance of another major oil spill like BP’s Deepwater Horizon disaster in 2010.

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History of this topic

Oil and gas companies must pay more to drill on federal lands under new Biden administration rule
8 months, 1 week ago

Oil and gas companies must pay more to drill on federal lands under new Biden administration rule

Associated Press  

WASHINGTON — Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by the Biden administration. The new rule does not go so far as to prohibit new oil and gas leasing on federal lands, as many environmental groups …

Oil companies offer $382M for drilling rights in Gulf of Mexico in last offshore sale before 2025
1 year ago

Oil companies offer $382M for drilling rights in Gulf of Mexico in last offshore sale before 2025

Associated Press  

WASHINGTON — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to scale back the sale to protect an endangered whale species. It comes as President Joe Biden’s Democratic administration tries to navigate between energy companies seeking greater oil and gas production and environmental activists who want …

Lease of Gulf waters delayed by whale protection debate must continue, court rules
1 year, 1 month ago

Lease of Gulf waters delayed by whale protection debate must continue, court rules

Associated Press  

NEW ORLEANS — An auction of federal Gulf of Mexico leases for oil and gas drilling must be held in 37 days, a federal appeals court ruled Tuesday, rejecting environmentalists’ arguments against the sale and throwing out plans by the Biden administration to scale back the sale to protect an endangered species of whale. The administration later scaled back the …

Sale of federal oil and gas leases in Gulf of Mexico off again pending hearings on whale protections
1 year, 1 month ago

Sale of federal oil and gas leases in Gulf of Mexico off again pending hearings on whale protections

Associated Press  

NEW ORLEANS — An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed Thursday amid legal fights over protections for an endangered species of whale. A federal judge in southwest Louisiana ordered the sale to go on at its original scale, without the whale protections, which also included regulations involving vessel speed and personnel. In …

Gulf oil lease sale postponed by court amid litigation over endangered whale protections
1 year, 1 month ago

Gulf oil lease sale postponed by court amid litigation over endangered whale protections

Associated Press  

NEW ORLEANS — A sale of federal Gulf of Mexico oil and gas leases that had been scheduled for Nov. 8 was delayed Thursday by a federal appeals court, pending court arguments that focus on protections for an endangered whale species. BOEM had adopted the reduced area and new rules for the lease sale as part of an agreement the …

Biden backs new offshore drilling in the Gulf of Mexico. Scaled-back plan disappoints all sides
1 year, 2 months ago

Biden backs new offshore drilling in the Gulf of Mexico. Scaled-back plan disappoints all sides

Associated Press  

WASHINGTON — President Joe Biden’s administration on Friday proposed up to three oil and gas lease sales in the Gulf of Mexico, but none in Alaska, as it tries to navigate between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling in the fight against climate change. The proposed …

Biden's Plan Would Offer Record-Low Number Of Offshore Drilling Leases
1 year, 2 months ago

Biden's Plan Would Offer Record-Low Number Of Offshore Drilling Leases

Huff Post  

A man fishes near an oil drilling platform in May 2020, in Port Aransas, Texas. Eric Ga via Associated Press The Biden administration on Friday unveiled a long-awaited drilling plan that would drastically shrink the nation’s offshore oil and gas leasing program to a maximum of three lease sales over the next five years — the smallest number ever to …

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides
1 year, 2 months ago

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides

NPR  

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides Enlarge this image toggle caption Gerald Herbert/AP Gerald Herbert/AP WASHINGTON — President Joe Biden's administration on Friday proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska as it tries to navigate between energy companies seeking …

US to auction Gulf of Mexico oil under climate compromise
1 year, 8 months ago

US to auction Gulf of Mexico oil under climate compromise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Climate bill’s unlikely beneficiary: US oil and gas industry
2 years, 4 months ago

Climate bill’s unlikely beneficiary: US oil and gas industry

Associated Press  

— The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. A Department of Energy analysis obtained by The Associated Press Thursday said the law’s leasing provisions “may lead to some increase” …

Biden cancels offshore oil lease sales in Gulf Coast, Alaska
2 years, 7 months ago

Biden cancels offshore oil lease sales in Gulf Coast, Alaska

Associated Press  

WASHINGTON — The Biden administration is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record highs. The Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and …

Biden increases oil royalty rate and scales back lease sales on federal lands
2 years, 8 months ago

Biden increases oil royalty rate and scales back lease sales on federal lands

NPR  

Biden increases oil royalty rate and scales back lease sales on federal lands Enlarge this image toggle caption Mead Gruver/AP Mead Gruver/AP BILLINGS, Mont. — The Interior Department on Friday said it's moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will sharply increase royalty rates for companies as …

Biden halts oil, gas leases amid legal fight on climate cost
2 years, 10 months ago

Biden halts oil, gas leases amid legal fight on climate cost

Associated Press  

WASHINGTON — The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change. Changing the value of key parameters such as the social cost of greenhouse gases would require agencies to “re-run numerical models and simulations …

Biden halts oil, gas leases amid legal fight on climate cost
2 years, 10 months ago

Biden halts oil, gas leases amid legal fight on climate cost

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The ruling also will delay plans to restrict …

Judge halts oil and gas leases in Gulf of Mexico; the largest offshore auction in U.S. history
2 years, 10 months ago

Judge halts oil and gas leases in Gulf of Mexico; the largest offshore auction in U.S. history

Salon  

On Thursday, a federal judge threw out the Department of Interior's decision to lease more than 80 million acres in the Gulf of Mexico for oil and gas production — the largest offshore auction in U.S. history. In a lawsuit filed by Earthjustice and others, the groups argued that the environmental analysis conducted under the Trump administration violated the National …

Companies bid $192 million in first Gulf oil sale under Biden
3 years, 1 month ago

Companies bid $192 million in first Gulf oil sale under Biden

India Today  

Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the Gulf of Mexico on Wednesday, as the first government lease auction under President Joe Biden laid bare the hurdles he faces to reach climate goals dependent on deep cuts in fossil fuel emissions. “We still need …

Companies bid $192 million in 1st Gulf oil sale under Biden
3 years, 1 month ago

Companies bid $192 million in 1st Gulf oil sale under Biden

Associated Press  

NEW ORLEANS — Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the Gulf of Mexico on Wednesday, as the first government lease auction under President Joe Biden laid bare the hurdles he faces to reach climate goals dependent on deep cuts in fossil fuel emissions. …

Days After Climate Summit, Biden To Hold ‘Carbon Bomb’ Gulf Oil Sale
3 years, 1 month ago

Days After Climate Summit, Biden To Hold ‘Carbon Bomb’ Gulf Oil Sale

Huff Post  

LOADING ERROR LOADING When President Joe Biden spoke about fossil fuels during a Democratic presidential debate in March 2020, he promised to “take on the fossil fuel industry” and rapidly transition the nation away from planet-warming fossil fuels. Ends.” Environmental advocates say Biden is breaking that pledge now as the administration prepares to hold the largest offshore oil and gas …

Biden to suspend Trump’s eleventh-hour oil leases in Arctic
3 years, 6 months ago

Biden to suspend Trump’s eleventh-hour oil leases in Arctic

LA Times  

The Biden administration will suspend Arctic refuge drilling rights sold in the final days of Donald Trump’s presidency, a move that buys time for further environmental analysis, according to a person familiar with the decision. Just two oil companies and an Alaska economic development corporation bought the right to explore for oil and gas on tracts in the refuge’s coastal …

In shift, oil industry group backs federal price on carbon
3 years, 8 months ago

In shift, oil industry group backs federal price on carbon

Associated Press  

WASHINGTON — The oil and gas industry’s top lobbying group on Thursday endorsed a federal price on carbon dioxide emissions that contribute to global warming, a reversal of longstanding policy that comes as the Biden administration has pledged dramatic steps to address climate change. Biden said during the campaign he supports “an enforcement mechanism” that targets carbon pollution, and the …

Oil companies lock in drilling, challenging Biden on climate
3 years, 11 months ago

Oil companies lock in drilling, challenging Biden on climate

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy In the closing months …

Oil companies lock in drilling, challenging Biden on climate
3 years, 11 months ago

Oil companies lock in drilling, challenging Biden on climate

Associated Press  

— In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. In Wyoming’s Thunder Basin National Grassland, a prairie expanse that abounds with wildlife and …

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