US Gulf of Mexico lease sale rebound falls far short of 2025 record

The US Interior Department’s third “Big Beautiful Gulf” lease sale generated $82.7m in high bids for 59 blocks in the Gulf of Mexico, a clear rebound from March but still less than a third of the revenue from the first auction last year. Lease Sale BBG3 drew 69 bids from 16 companies, with total bids … Read full article →