BP made an oil discovery in the Far South field in the U.S. Gulf of Mexico, the UK-based oil major said on Monday.

BP operates the Far South project with a 57.5% stake, alongside Chevron U.S.A. Inc. (NYSE: CVX), which holds 42.5%. The field ...

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BP and Chevron have made a new deepwater oil discovery in the western Green Canyon area of the US Gulf near to the producing ...

Initial data shows high-quality reservoirs and a potentially commercial volume of hydrocarbons, the company said.

() – Reversing Biden administration policies that halted offshore leasing, prompting lawsuits and restricting oil and natural gas development, the Trump administration is expanding offshore ...

The Department of the Interior has announced a substantial increase in estimated oil and gas reserves located in the Gulf of ...

Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and ... Saudi Aramco, Emirates National Oil Co. and Abu Dhabi National Oil Co. will continue ...

Chinese state-owned CNOOC has sold its Gulf of Mexico oil assets to UK-based Ineos Energy for $2 billion. The purchase marks Ineos’ third major U.S. energy investment in three years. Despite ...

Under the deal, three oil firms nominated by the Gulf companies import fuel on a credit period of 180 days. The three Kenyan firms are Galana, Gulf and Asharami & One Petroleum, which then sell ...

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 ...

In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the Gulf of Mexico, ruling Thursday in favor of environmental groups that ...