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 ...

BP, Shell and Chevron were among 30 companies that submitted bids totalling $371.8mn for oil and gas drilling rights in the ...

BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling ...

Oil companies have offered $279 million for drilling rights in the Gulf of Mexico in the first offshore lease sale in the ...

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.

Thirty oil companies, including Chevron, Shell and BP, paid the United States Department of the Interior around $279 million ...

London-based BP, which maintains its U.S. headquarters in Houston, made the most bids at 58, exposing $90.57 million in the ...

BP, Chevron, and Shell led the bids in the U.S. government's first oil and gas lease auction in the Gulf of Mexico since 2023 ...

The auction didn’t top 2023 results, but BP and Chevron helped bring in more money than many offshore lease sales over the ...

BP, opens new tab, Woodside Energy and Chevron, opens new tab were the top winners at the US government's first sale of oil ...

The U.S. government is offering 81.2 million acres in the Gulf of Mexico at a royalty rate of 12.5%, the lowest permitted by Trump's new tax law. Previously, oil companies were required to pay a ...

The U.S. government's latest oil and gas drilling rights auction in the Gulf of Mexico garnered $279.4 million in high bids, ...