Tag: offshore leasing

On April 15, Biden’s Interior Department’s Bureau of Ocean Energy Management (BOEM) finalized a new rule requiring federal offshore oil and natural gas leaseholders to provide an estimated $6.9 billion in additional financial assurances to cover offshore decommissioning costs. The goal of the financial assurances is to limit the number of abandoned wells in the Gulf of Mexico’s Outer […]

WASHINGTON DC (12/20/2023) – President Biden’s Department of Interior finalized the 2024-2029 National Outer Continental Shelf Oil and Gas Leasing Program on Friday with the fewest oil and gas lease sales in history. There will be a maximum of three lease sales in the Gulf of Mexico scheduled over the five years, and no sales […]

The first-ever offshore wind lease sale in the Gulf of Mexico attracted only one bid, yet the Biden administration called it a victory. The auction of offshore wind development rights in the Gulf of Mexico ended with a single $5.6 million winning bid, reflecting meager demand despite the productivity of oil and gas production in the region. […]

President Biden’s oil and gas offshore lease plan is late and will be even later as the Interior Department argues it needs until December to finalize the plan. It told a court it needs the rest of the year to complete an analysis on the delayed five-year program, which will replace the expired 2017-2022 program. There […]

President Biden’s Department of Interior released its draft offshore lease plan late on  July 1—just before the Fourth of July holiday, as American families were paying historically-high gasoline prices for their travels.  The plan is required by law and a final plan was due by June 30, when the current plan ended. The draft plan lays out […]

In considering HR 3354 Department of Interior, Environment, and Related Agencies Appropriations Act, 2018 [Make America Secure and Prosperous Appropriations Act, 2018], the American Energy Alliance has identified the below three amendments offered to Division A as key votes. NO on Amendment #20 offered by Reps. LoBiondo and Beyer. This amendment seeks to prevent energy exploration activities […]

​WASHINGTON – American Energy Alliance Vice President of Communications Chris Warren issued the following statement on President Obama’s unilateral ban of offshore leasing for oil and gas production: “President Obama is doing a great disservice to this country by putting the demands of special interest activists above the interests of the American people. These offshore […]