Biden Administration Cancels Oil-and-Gas Drilling Leases in Gulf of Mexico, Alaska Coast

WASHINGTON — The Biden administration has scrapped plans to auction drilling rights in three areas off the U.S. coast later this year, adding further friction to an uneasy relationship with the oil industry during a time of gasoline prices. high oil.

The decision to cancel leases for two areas in the Gulf of Mexico and one area off the coast of Alaska leaves oil and gas companies facing unspecified extended periods of downtime to access drilling sites. new in valuable offshore area.

https://www.wsj.com/articles/biden-administration-cancels-oil-and-gas-drilling-leases-in-gulf-of-mexico-alaska-coast-11652378410?mod=pls_whats_news_us_business_f Biden Administration Cancels Oil-and-Gas Drilling Leases in Gulf of Mexico, Alaska Coast

Edmund DeMarche

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