First US Gulf of Mexico oil leases auction under Trump

By The BriefBrief

BP, Shell and Chevron bid $372mn for drilling rights as US seeks to boost oil production.

WHO: BP, Shell, Chevron

WHAT: Oil leases auction

WHEN: Dec 9, 2025 at 7:00 PM ET

WHERE: Gulf of Mexico

WHY: To expand oil production

Sources (2): Bloomberg, Financial Times

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