Exploration & Production

US to reveal auction for Arctic, Atlantic and Gulf drilling rights

The United States is poised to unveil a proposed programme for auctioning oil and gas drilling rights in the Arctic Sea, the Atlantic Ocean, the eastern Gulf of Mexico and possibly the Pacific Ocean.
By Staff reporter 4 January 2018 0 28965

The United States is poised to unveil a proposed programme for auctioning oil and gas drilling rights in the Arctic Sea, the Atlantic Ocean, the eastern Gulf of Mexico and possibly the Pacific Ocean, Bloomberg reported on Wednesday.

The proposal, which is due to be announced in the next few days, is a response to an executive order made by President Donald Trump last April.

The order encouraged the Department for the Interior to auction drilling rights in Atlantic waters despite the high risk of a...