As a review of programs at the U.S. Department of Interiors begins, the Biden administration has suspended new oil and gas leasing and drilling permits on public lands and waters. The suspension will last 60 days as the review is underway.
U.S. Secretary of Energy Dan Brouillette announces on the Moon Griffon Show that his department is making the Strategic Petroleum Reserve Storage Capacity available to struggling U.S. oil producers.
The Trump Administration will begin allowing new shallow-water Gulf of Mexico oil and gas rigs to operate at reduced royalty or royalty-free rates to incentivize new activity.