BP, Chevron, and the Australian oil and gas company Woodside Energy were the top bidders for the Trump administration’s first sale of offshore oil and gas drilling rights in the Gulf of American on Wednesday.
The Bureau of Ocean Energy Management, part of the Interior Department, offered about 15,000 unleased blocks across the western, central, and eastern gulf in the first offshore federal lease sale since 2023.
BP Exploration won 51 leases for a total of nearly $62 million, followed by Chevron USA, which spent just over $53 million on 24 leases.
“As today’s bidding makes clear, BP will continue to invest in the deepwater Gulf of America, underscoring our commitment to expanding U.S. energy production and delivering on BP’s strategy to safely and profitably grow its global oil and natural gas business,” the British company said in a statement to Reuters….