
Gulf of America lease sale draws $82.7 million in high bids
The third Gulf of America oil and gas lease sale generated $82.7 million in high bids, with 16 companies submitting 69 bids for 59 offshore blocks.

The third Gulf of America oil and gas lease sale generated $82.7 million in high bids, with 16 companies submitting 69 bids for 59 offshore blocks.

The Who Dat East Joint Venture has sanctioned the Gulf of America development, with Karoon USA holding a 40% working interest and first production targeted for the second half of 2028.

Mermaid Maritime has established a wholly owned corporate presence in Delaware to pursue subsea and offshore marine service opportunities in the United States.

Beacon Offshore Energy is preparing the second Monument development well in the U.S. Gulf, with first production targeted for the end of 2026.

Expro has completed its NOK 2 billion acquisition of Enhanced Drilling, adding managed pressure drilling, controlled mud level drilling and riserless mud recovery capabilities.

BOEM has issued the Final Notice of Sale for Big Beautiful Gulf 3, covering about 15,100 offshore blocks and 80.4 million acres in the Gulf of America.

OneSubsea has secured a BP EPC contract to deliver a subsea boosting system for Thunder Horse, with first oil expected in 2028.

Talos Energy is advancing offshore activity in the Gulf of America with drilling work underway at Monument and an appraisal well planned at Daenerys in 2026.

Kosmos Energy and Shell plan to drill the Trailblazer prospect in the Gulf of America in 2027, targeting about 200 million boe gross.
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