The Gulf of Mexico OCS is a vast area spanning approximately 160 million acres, with an estimated 48 billion barrels of undiscovered, recoverable oil and 141 trillion cubic feet of natural gas.

May 20 (Reuters) - The Trump administration published a long-awaited environmental assessment on Tuesday that found that vessel strikes related to oil and gas drilling in the Gulf of Mexico are ...

The forecast shows oil production in the US Gulf to average 1.80 million b/d in 2025 and 1.81 million b/d in 2026. Natural gas production is expected to average 1.72 bcfd this year and 1.64 bcfd ...

The Interior Department is helping to increase oil production in the newly renamed Gulf of America by 100,000 barrels per day under a policy shift pursuant to President Trump's executive order ...

The U.S. government is facing a backlash after it concluded that the oil and gas industry off the Gulf Coast is likely threatening the survival of the endangered Rice's whale. "The operation of ...

Interior Secretary Doug Burgham is pushing ahead with oil and gas leases in the Gulf. The biggest U.S. oil spill in history put at least 210 million gallons of crude oil into the Gulf of Mexico ...

Oil and gas explorers are prioritizing low-risk, ... Meanwhile, the deepwater region of the US Gulf of Mexico is expected to be a major ILX hotspot in 2025. By Rystad Energy.

The US Department of the Interior (DOI) is implementing a policy change that is expected to increase production from the US Gulf of Mexico by about 10%. Under the updated rules, companies drilling ...

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 ...

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 ...

Scientists are conducting a pioneering large-scale deep-sea coral restoration in the Gulf of Mexico following the 2010 Deepwater Horizon oil spill, which damaged 1,994 square kilometers (770 ...

The Trump administration is proposing to hold a sale of oil and gas drilling rights on 80 million acres (32.4 million hectares)in the Gulf of Mexico on December 10 with lower deepwater royalty ...