But the Gulf of Mexico is quietly making a crude oil comeback thanks to new technologies and cost efficiencies utilizing ...

By Sheila Dang April 14 - BP made an oil discovery in the Far South field in the U.S. Gulf of Mexico, the UK-based oil major ...

Energy giant BP on Monday said one of its exploration wells had found oil in deep waters about 120 miles off the Louisiana coast. The discovery comes less than two months after the British company ...

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. Analysis by the US Bureau of Ocean Energy Management has ...

NEW ORLEANS (AP) — Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 ...

BP BP1.45%increase; green up pointing triangle said it has discovered oil at the U.S. Far South prospect in the Gulf of Mexico at a time when the British energy major is growing upstream ...

BP has made an oil discovery in the deepwater U.S. Gulf of Mexico 120 miles off the coast ... reset to shift focus back to growing oil and gas production and investments after a few years of ...

the oil and gas industry focused its attention on the onshore U.S. and today’s record-high oil and gas production. But the Gulf of Mexico is quietly making a crude oil comeback thanks to new ...