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Trump finalises US Gulf oil lease sale

Sunday, 9 November 2025



WASHINGTON, Nov 8 (Reuters): The Trump administration will hold an auction for drilling oil and gas off the US Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday.
The lease sale in the US Gulf of Mexico, which President Donald Trump refers to as the Gulf of America, will make about 80 million acres available. The sale, which will take place on December 10, will be the first of 30 sales in the region through 2040 that were included in Trump's tax law which he signed in July.