Financial Ports

US bets again on Alaska oil with 1.05m-acre lease sale after zero bids

CLAVE 1 / 4The US Marine Minerals Administration has proposed a second offshore lease sale in Alaska’s Cook Inlet, offering 1.05 million acres (425,000 hectares).

CLAVE 2 / 4The BBC2 auction is scheduled for March 2027, following a March 2026 sale that received zero bids from industry.

CLAVE 3 / 4A 12.5% royalty rate is proposed to encourage participation in the contentious region.

CLAVE 4 / 4Environmental groups warn of risks to the endangered Cook Inlet beluga whale, estimated at just 331 animals.

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