April 23, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Offshore energy groups hailed a decision by the Trump administration to re-open the Gulf of Mexico (designated by the administration as the Gulf of America) and other federal waters to drillers, with one estimating the region brings billions of dollars to the U.S. economy. Interior Secretary Doug Burgum on Monday ordered the Bureau of Ocean Energy Management to begin the steps necessary to prepare a new schedule for offshore oil and gas leases on the continental shelf. Companies featured: Chevron Corporation (NYSE:CVX) and TotalEnergies SE (NYSE:TTE)
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