LAKE CHARLES, La. (KPLC) – A big change to how oil and gas companies do business in the Gulf.
The Biden administration plans to decrease the number of offshore oil and gas leases over the next 5 years.
President Biden has once again reduced oil and gas leasing after focusing on ramping up production from exciting oilfields in the last couple of years.
The Biden administration and environmental groups on Friday said they would appeal a Louisiana federal judge’s ruling that ordered an expansion of next week’s sale of oil leases in the Gulf of Mexico.
JUNEAU, Alaska (AP) — In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s waning days, and proposed stronger protections against development on 13 million acres in the National Petroleum Reserve-Alaska.
The Biden administration on Friday ordered a 20-year ban on new oil and gas drilling leases within 10 miles of the Chaco Culture National Historical Park in New Mexico, according to multiple reports.