Photo by Jan-Rune Smenes Reite from Pexels
In the current environment, with uncertain policies governing federal waters in the U.S. Gulf of Mexico, whether any new federal oil and gas lease sales lead to GOM capital expenditure and production increases remains questionable. What is certain, however, are discussions of strategy shifts to focus on the energy transition – with a goal of reducing emissions and major international players staying in the global offshore markets.
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