The legislation aims to speed up a decades old federal program for oil companies to leave their pipelines and platforms on ...

Texas Land Commissioner endorses BOEM's Big Beautiful Gulf 2 offshore oil & gas lease sale on March 11, unlocking 15,000 ...

First Gulf oil and gas lease sale since 2023 drew 219 bids across 1.02 million acres. Auction held under Trump’s One Big Beautiful Bill Act, mandating 30 offshore sales in 15 years. High bids totaled ...

Venezuela's vast heavy crude reserves look tailor‑made for the complex refineries that line the U.S. Gulf Coast, many of which were built around similar grades from Latin America. Yet the path from ...

Oil companies offered $279 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel ...

BP won the most acreage in the Dec. 10 Gulf of Mexico lease sale, where companies offered more than $279 million in the first auction of Trump’s second term. The total fell about $100 million short of ...

Unveiled at the World Economic Forum in Davos, OIL1 is a stablecoin built on U.S.-developed technologies and collateralized by verified reserves of ...

Every American adult can summon up searing images from the Deepwater Horizon spill.

BP’s Kaskida project would use high-pressure technology to extract up to 80,000 barrels of oil per day. A high-profile BP plan to drill for oil deep underwater in the Gulf of Mexico moved a step ...

Early one morning in March 2010, Captain Gary Jarvis cast a heavyweight line into the Gulf of Mexico from the deck of his 57 foot charter boat, Backdown 2. The sun hadn’t yet risen. But bright white ...