Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering
The Oil & Gas Hub
  • Main
  • News
  • Photo
  • Video
  • Oilfield Jobs
  • Learning Section
  • Oil & Gas Calculator

Challenging Offshore Lease Sale 261: Preliminary Injunction Request for API Files

2023.08.30
904

The American Petroleum Institute (API) issued a statement by Senior Vice President and General Counsel Ryan Meyers on API's preliminary injunction motion filed in the U.S. District Court Western District of Louisiana ahead of Lease Sale 261:

API seeks urgent court action against the Biden administration's actions, which have hindered offshore Lease Sale 261's energy contributions and targeted American energy workers. These actions jeopardize energy security, jobs, and the Gulf Coast economy. We urge the Interior Department's commitment to fulfill its obligations.

For 45 years, the Interior Department has prepared five-year offshore leasing programs to meet America's energy needs. Over a year has passed since the lapse of the previous program, impacting the Gulf of Mexico's crucial production. The U.S. Gulf of Mexico's low carbon intensity barrels are vital, and constraining production could lead to higher carbon intensity sources.

Gulf of Mexico federal offshore oil and gas production is substantial, contributing 15% and 5% to U.S. crude oil and natural gas production, respectively.

Recent operating recommendations could burden operators and increase emissions, affecting vessel operations. These restrictions, including those in Lease Sale 261's Final Notice of Sale, could reduce transit windows by about 50%, posing challenges for ongoing operations.

Unfairly singling out oil and gas traffic, these restrictions impact a heavily used maritime area shared by various industries, with thousands of daily vessel passages.

API, along with Louisiana and Chevron U.S.A. Inc., contested the Final Notice of Sale for Lease Sale 261 last week.

Related Posts

Weekly Energy Digest - May 6th,2025
2025.05.06
172
Weekly Energy Digest - May 6th,2025
Oil benchmarks declined for most of the week, with fears of further OPEC+ output cut rollbacks compo…
Weekly Energy Digest - April 30th,2025
2025.04.30
373
Weekly Energy Digest - April 30th,2025
Oil prices fell for the week on the back of OPEC+ members’ discussion about an additional supp…
Weekly Energy Digest - April 22th,2025
2025.04.22
537
Weekly Energy Digest - April 22th,2025
Oil benchmarks recorded their first weekly gain in 3 weeks. Oil markets spent most of the week seeki…
Weekly Energy Digest - April 15th,2025
2025.04.15
718
Weekly Energy Digest - April 15th,2025
Oil prices continued their decline this week, reaching four-year lows due to escalating US-China tra…
Market quotes are powered by TradingView.com
© Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering, 2025
ADVERTISE  | Contact Us  | Privacy Policy  
Made in studio Zuber