Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Global LNG Exports Hit a Record High in September

October 24, 2025

ISS STOXX Launches New Suite of Real Asset Climate Risk Solutions for Investors

October 24, 2025

Billionaire Prajogo Pangestu’s Chandra Asri To Buy ExxonMobil’s Fuel Stations In Singapore

October 24, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Trump greenlights Arctic drilling, reversing Biden’s Alaska oil ban
North America

Trump greenlights Arctic drilling, reversing Biden’s Alaska oil ban

omc_adminBy omc_adminOctober 24, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


(Bloomberg) — The Trump administration is opening the entire coastal plain of Alaska’s Arctic National Wildlife Refuge to oil and gas leasing, reversing a Biden administration decision that put the pristine wilderness area off limits. 

Interior Secretary Doug Burgum said Thursday the agency was opening the 1.56 million acre of tundra on the state’s North Slope and holding a lease sale this winter in the nearby National Petroleum Reserve. It’s the latest move President Donald Trump’s administration to boost domestic fossil fuel production.


Interior Secretary Doug Burgum. Image: S&P Global

“This land should and will be supporting responsible oil and gas leasing,” Burgum said during an event at the Interior Department’s headquarters in Washington Thursday.

The refuge’s coastal plain is estimated to hold billions of barrels of crude. But many oil companies have been reluctant to target the area, given the high costs. Environmentalists and native Alaskans argue oil development in the region risks imperiling arctic foxes, polar bears and caribou.

“Drilling in the Arctic Refuge is reckless,” Bobby McEnaney, a director with the Natural Resources Defense Council, said in a statement. “The market has said no — banks and insurers won’t back it, lease sales flopped, and taxpayers are left holding the bag. Public lands must serve people, wildlife, and a livable climate—not host a fire sale for fossil fuel companies.”

See also: Trump officials move to repeal Biden-era blocks on Arctic oil drilling

During Trump’s first term, Congress lifted a 40-year-old ban on energy development in the refuge in 2017, mandating lease sales.

President Joe Biden canceled leases sold in 2021 and barred exploration in more than half of the nearby National Petroleum Reserve.

Not a single company opted to bid in two additional lease sales in the region mandated by Congress and held just days before President Joe Biden left office. Oil industry representatives and Alaska officials, however, complained the lease sale’s structure discouraged bidding from the start.

The Interior Department also said Thursday it had brokered a land-exchange deal that would allow construction of a contentious road through southwestern Alaska’s Izembek National Wildlife Refuge.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

API strengthens offshore safety standards with new updates

October 23, 2025

Tampnet to deliver digital connectivity for LLOG’s Salamanca deepwater project in U.S. Gulf

October 23, 2025

bp to exit U.S. offshore wind market as Trump administration tightens oversight

October 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Billionaire Prajogo Pangestu’s Chandra Asri To Buy ExxonMobil’s Fuel Stations In Singapore

By omc_adminOctober 24, 2025

An Esso fuel station in Singapore.Courtesy of ExxonMobilChandra Asri Pacific—controlled by Indonesian tycoon Prajogo Pangestu—has…

API strengthens offshore safety standards with new updates

October 23, 2025

EU Parliament Rejects Omnibus Deal to Ease Sustainability and Due Diligence Rules

October 23, 2025

Baker Hughes wins NOIA ESG Excellence Award for advancing offshore sustainability

October 23, 2025
Top Trending

ISS STOXX Launches New Suite of Real Asset Climate Risk Solutions for Investors

By omc_adminOctober 24, 2025

Airport expansion will put UK’s net zero goal in ‘serious jeopardy’, MPs warn | Environment

By omc_adminOctober 23, 2025

French Court Rules TotalEnergies Misled Consumers with Climate Claims

By omc_adminOctober 23, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

Merz Expects US Exemption for Rosneft in Germany

October 24, 2025

Saipem Posts Higher Profit for First 9 Months

October 24, 2025

Trump greenlights Arctic drilling, reversing Biden’s Alaska oil ban

October 24, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.