In a statement posted on its website on Monday, BP announced “an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America”. BP noted in the statement that it drilled the ...

bp has discovered oil at the Gulf of Mexico Far South prospect 120 miles off the coast of Louisiana. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs ...

Tullow Oil said it agreed to sell its Kenyan assets to Gulf Energy for a minimum of $120 million in cash with the potential for additional royalty payments.

Chief executives of the US Gulf’s larger players, including Chevron’s Mike Wirth and Occidental’s Vicki Hollub, touted the basin as an on-ramp toward greater fortunes in 2025, in part because of Trump ...

Interior Secretary Doug Burgum ordered his offshore energy bureau to conduct the first offshore oil and gas sale of the ... offshore energy auction in the Gulf of Mexico, which President Donald ...

Gulf Oil Lubricants India Ltd aims for ₹500 crore revenue in EV chargers, targeting 8–10% market share and exports.

BOEM plans to issue the proposed notice of sale in June. These Outer Continental Shelf sales don’t just boost U.S. energy independence—they shovel billions into the Treasury, with a side of ...

The estimate includes 5.77 billion bbl of oil and 7.15 tcf of natural gas—a 22.6% increase in remaining recoverable reserves, DOI said.