Gulf Of Mexico

Energy, Oil & Gas

BP, Woodside, Chevron are big winners at Gulf of Mexico O&G auction

Thu, 11 Dec 2025

BP, Woodside Energy and Chevron led the first US Gulf of Mexico oil and gas lease sale since 2023, securing top bids in an auction raising $279.4 million—about $100 million less than 2023—yet achieving the highest per-acre bids since 2017, according to Reuters analysis findings.