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

U.S. getting 30% higher price for Venezuela oil says energy chief

January 16, 2026

Oil industry seeks abolition or review of OID cess on pre-NELP and nomination blocks, ETEnergyworld

January 16, 2026

Russia Eyes Lucrative Non-Energy Ventures with India, ETEnergyworld

January 16, 2026
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 Unleashes Controversial Offshore Oil Drilling Expansion Plan, ETEnergyworld
Oil & Stock Correlation

Trump Unleashes Controversial Offshore Oil Drilling Expansion Plan, ETEnergyworld

omc_adminBy omc_adminNovember 21, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


<p>Burgum insisted that offshore energy production requires a lot of time and investment.</p>
Burgum insisted that offshore energy production requires a lot of time and investment.

President Donald Trump’s administration is planning to open up millions of square miles (kilometers) of US coastal waters to oil and gas drilling, it said Thursday, in a step that could lead to a massive expansion of fossil fuel extraction.

The move comes as Washington looks increasingly out of step with much of the developed world, where there is growing acceptance of the reality of human-caused climate change.

Under the plan announced by the US Department of the Interior, 34 lease sales will be offered, allowing for drilling in 1.27 billion acres (500 million hectares) — an area the size of the Amazon.

The proposal includes waters off the north coast of Alaska that have never been drilled before, in the Gulf of Mexico — which the administration calls the Gulf of America — and off California.

“The Biden administration slammed the brakes on offshore oil and gas leasing and crippled the long-term pipeline of America’s offshore production,” said Secretary of the Interior Doug Burgum, referring to Trump’s predecessor Joe Biden.

Burgum insisted that offshore energy production requires a lot of time and investment.

“By moving forward with the development of a robust, forward-thinking leasing plan, we are ensuring that America’s offshore industry stays strong, our workers stay employed, and our nation remains energy dominant for decades to come.”

Trump speaks frequently of what he says is the need for America to drill for more fossil fuel, and is disparaging about the global shift to renewables, which he calls a “scam.” He regularly calls climate change science “a con.”

Under his presidency, the country has pulled back from international agreements on fighting climate change, and did not send an official delegation to the ongoing COP30 climate summit in Brazil.

But the plans announced Thursday are likely to face pushback domestically, particularly from California, whose government pledged to block drilling in the state’s coastal waters.

“Trump’s idiotic plan endangers our coastal economy and communities and hurts the well-being of Californians. This reckless attempt to sell out our coastline to his Big Oil donors is dead in the water,” said Governor Gavin Newsom.

“Californians remember the environmental and economic devastation of past oil spills. For decades, California has stood firm in our opposition to new offshore drilling, and nothing will change that.

The proposals are also expected to face opposition in the Gulf, where memories remain of the devastating Deepwater Horizon spill in 2010, which saw millions of gallons (liters) of oil wreck tourism and fishing.

Rick Scott, a Republican senator for Florida, was quick to lodge his objections to the Trump plan.

“Florida’s coasts must remain off the table for oil drilling to protect Florida’s tourism, environment, and military training opportunities,” he wrote on X.

Published On Nov 21, 2025 at 04:54 PM IST

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about ETEnergyworld industry right on your smartphone!



Source link

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

Related Posts

Oil industry seeks abolition or review of OID cess on pre-NELP and nomination blocks, ETEnergyworld

January 16, 2026

Russia Eyes Lucrative Non-Energy Ventures with India, ETEnergyworld

January 16, 2026

Oil industry’s Budget wishlist, ETEnergyworld

January 15, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud

July 1, 20077 Views

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

May 16, 20255 Views

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

December 16, 20075 Views
Don't Miss

ADNOC weighs Venezuela investment as XRG eyes gas projects

By omc_adminJanuary 16, 2026

(Bloomberg) – The United Arab Emirates’s state oil giant is evaluating options for a potential…

Lime Rock Partners makes equity commitment to Eagle Ford-focused Athena Energy

January 15, 2026

Coterra, Devon in talks over potential Permian mega-merger

January 15, 2026

DNV awards ModuSpec technology qualification for BOP real-time monitoring platform

January 15, 2026
Top Trending

Rolls-Royce Appoints Former bp CSO Ivanka Mamic as New Chief Sustainability Officer

By omc_adminJanuary 15, 2026

Canaccord Acquires Energy Transition-Focused Investment Bank CRC-IB

By omc_adminJanuary 15, 2026

Microsoft Kicks Off 2026 With Flurry of Large-Scale Carbon Removal Purchase Deals

By omc_adminJanuary 15, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202510 Views

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

May 9, 202510 Views

‘Looksmaxxing’ on ChatGPT Rated Me a ‘Mid-Tier Becky.’ Be Careful.

June 3, 20257 Views
Our Picks

Trump ally says Venezuela must guarantee oil assets to attract U.S. producers

January 15, 2026

ADNOC weighs Venezuela investment as XRG eyes gas projects

January 15, 2026

Oil Falls Sharply as US Pauses Iran Action

January 15, 2026

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
© 2026 oilmarketcap. Designed by oilmarketcap.

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