Offshore drilling
The Biden administration is proposing additional leasing for offshore oil and gas drilling, largely limiting the plan to the Gulf of Mexico.
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News Financial Times - Oil & Gas industry ·Biden administration to restrict Alaska oil and gas drilling
News Financial Times - Energy ·Biden administration to restrict Alaska oil and gas drilling
News Financial Times - Oil & Gas industry ·FAQs
Almost all offshore oil and gas production in the United States takes place in the Gulf of Mexico. Additional production takes place off the West Coast and the coast of Alaska.
In 2021, oil production in the Gulf of Mexico — where most offshore production occurs — amounted to about 621 million barrels — about 15 percent of all U.S. production. The gulf also accounted for about 2 percent of the country’s natural gas production.
Resources
Congressional Research Service: Five-Year Offshore Oil and Gas Leasing Program: Status and Issues in Brief
Congressional Research Service: Five-Year Offshore Oil and Gas Leasing Program: History and Background
Congressional Research Service: Offshore Oil and Gas: Leasing “Pause,” Federal Leasing Review, and Current Issues