The Bureau of Ocean Energy Management’s first auction of new oil and gas leases in the Gulf of America under the Trump administration drew fewer bids than those seen during the Biden administration.

BOEM on Wednesday held its first auctions, titled “Big Beautiful Gulf 1,” on oil and gas drilling rights in the Gulf of America , which President Donald Trump renamed from the Gulf of Mexico. The auctions are part of the Trump administration’s broader push to expand fossil fuel production.

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BOEM said it received 219 bids from 30 companies, co

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