US scoops up nearly $47M in high bids for second Gulf of America oil & gas lease sale
The U.S. Bureau of Ocean Energy Management recently concluded the second of thirty mandated lease sales in the U.S. Gulf of Mexico, attracting nearly $47 million in high bids from major international and independent oil companies. This event, part of the 'One Big Beautiful Bill Act,' underscores the ongoing strategic commitment by industry players to conventional offshore hydrocarbon development in established basins.
Offshore Energy · March 13, 2026
Global Energy Markets in Crisis as War Chokes Supply Chains
Recent drone attacks on key Qatari LNG infrastructure, specifically at Ras Laffan and Mesaieed, have forced QatarEnergy to suspend production, leading to major global energy companies like Shell and TotalEnergies warning customers of impending supply disruptions. This incident immediately tightens an already volatile global gas market, highlighting the severe impact of regional geopolitical instability on critical energy supply chains.
OilPrice.com · March 13, 2026