Oil prices likely to move higher on Venezuelan turmoil, ample supply to cap gains

Oil prices are likely to move higher when benchmark futures resume trading later on Sunday on concern that supply may be ...
Washington Examiner

UK’s Harbour acquires Gulf of America oil producer LLOG

(The Center Square) – United Kingdom-based Harbour Energy on Monday announced it has agreed to acquire deepwater specialist LLOG Exploration Company for $3.2 billion, providing the company with a ...
Upstream

Shell finds oil success with exploration well in US Gulf

Shell and Ineos Energy have made a new US Gulf oil discovery following a successful exploration well in the offshore play’s Norphlet region, London-based Ineos said Monday. The Nashville exploration ...
Houston Chronicle

Houston oil giants lead $300 million Gulf lease sale as new deepwater play heats up

Houston’s oil giants came out on top during the first sale of oil and gas drilling rights in the Gulf of Mexico since 2023, offering a sneak peak into how the industry views offshore opportunities ...
WESH

First of 30 oil lease sales planned for Gulf draws $300 million from companies

Oil companies offered $300 million for drilling rights in the Gulf on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel production.The sale ...
Seeking Alpha

BP, Chevron among biggest winners in first U.S. Gulf oil lease sale in Trump term

Energy companies offered more than $279 million in winning bids Wednesday at the U.S. government's first sale of oil and gas drilling rights in the U.S. Gulf since 2023, led by BP (BP), which offered ...
Reuters

BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction

BP, Woodside, Chevron dominate bidding Chevron places highest bid of $18.6 million for Keithley Canyon block Companies bid more per acre than in any Gulf auction since 2017 The auction, which ended ...
The Business Journals

Gulf oil and gas lease sale brings in over $300 million after 2-year hiatus

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Two years after the last oil and ...
New Orleans City Business

Oil and gas lease sale starts new era in Gulf energy production

First Gulf oil and gas lease sale since 2023 drew 219 bids across 1.02 million acres. Auction held under Trump’s One Big Beautiful Bill Act, mandating 30 offshore sales in 15 years. High bids totaled ...
Transport Topics

BP Wins Big in Trump’s First Gulf of Mexico Oil Lease Sale

BP won the most acreage in the Dec. 10 Gulf of Mexico lease sale, where companies offered more than $279 million in the first auction of Trump’s second term. The total fell about $100 million short of ...
Bloomberg L.P.

BP Is Top Winner of Trump’s First Gulf of Mexico Oil Lease Sale

A unit of BP Plc was the high bidder in a US auction for oil and gas drilling rights in the Gulf of Mexico, the first sale held under President Donald Trump’s second term. Energy companies offered ...
wusf

Bipartisan opposition builds to new Gulf oil and gas drilling plans

Political leaders from both sides of the aisle are opposing the plans to open up areas of the Gulf off Florida's coast for drilling. Republicans and Democrats don't agree on much, but they are lining ...