The Interior Department’s U.S. Gulf of Mexico Lease Sale 250 attracted $139 million in bids concentrated in deepwater offshore Louisiana and others areas near the Mexican border, according to a report by S&P Global Platts . While this sale was the largest for the body of water in history, the new round of lease sales bested the previous edition by $4 million, which is a relatively small difference overall. Still, bidding in the Mississippi Canyon area was active, with a string of multimillion-dollar bids being topped by a $7 million offer by Total. Chevron won the rights to another block in the southern Mississippi Canyon. A $2.9 million bid by BP won the U.K-based firm a block in the area as well. In previous months , analysts said the oil and gas industry’s response to the Trump administration plan to open almost all of the U.S. continental shelf for […]