The U.S Interior Department on March 23 announced an agreement with TotalEnergies to terminate two offshore wind leases and redirect roughly $1 billion toward domestic oil, natural gas, and liquefied natural gas development, marking a shift in federal energy priorities toward conventional resources. Under the agreement, TotalEnergies will invest about $928 million in 2026 across…...
The Bureau of Land Management on Jan. 6 completed a quarterly oil and gas lease sale covering 31 parcels across New Mexico and Oklahoma, generating $326.8 million in total receipts and leasing more than 20,000 acres of federal land. The agency noted that this sale includes the highest single acre bid of any BLM oil…...
The U.S. Interior Department on Dec. 10 announced that the Bureau of Ocean Energy Management completed Lease Sale Big Beautiful Gulf 1, launching a new phase of offshore oil and gas development under the One Big Beautiful Bill Act. The auction generated $279 million in high bids for 181 blocks across federal waters in the…...
