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

The Department of Interior Thursday released an analysis of fossil fuel deposits showing an additional 1.30 billion barrels ...

BP announced a new oil discovery at its Far South prospect in the deepwater Gulf of Mexico on Monday, marking a potential ...

The move, focused on Nevada and New Mexico, is aimed at removing “burdensome” restrictions on energy and mineral development, ...

The awarding of the contract for an ultra-deepwater Trion project offshore Mexico is more than just another deal.

Oil markets, along with Wall Street, began a free fall on April 2 when Trump announced the new tariffs on trading partners.

Oil prices fell to their lowest level in years on Monday as worries about the reciprocal tariffs President Donald Trump ...

The U.S. will hold an oil and gas lease sale in the Gulf of Mexico, as planned by the administration of former President Joe ...

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig ...

Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on ...

The Biden administration enacted protections, which were supposed to last 20 years, for areas at the request of Native ...