UNITED STATES, — Before former President Joe Biden left office, he issued a ban on new activity for certain areas of offshore oil and natural gas production. President Donald Trump has since issued an ...

Several environmental groups have filed a lawsuit against the federal government's planned sale of 80 million acres of the Gulf for oil and gas drilling leases. They claim the sale would violate one ...

Gulf NOCs are prioritizing long-term stability and economic transformation over direct entanglement in regional conflicts, even amid escalating tensions and military actions. Each major Gulf NOC, ...

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

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases ...

Two years after the last oil and gas lease sale in the Gulf, a new one has brought in over $300 million worth of winning bids, with a Houston company making the highest single bid.

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 sued ...

The U.S. Department of the Interior has revised upwards the oil and gas reserves contained in the U.S. section of the Gulf of Mexico, which the Trump administration renamed the Gulf of America.

TEHRAN, Dec 27 (Reuters) - Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move ...

As far as British oil giant BP is concerned, the catastrophic oil spill that tainted Louisiana’s shores more than a decade ago didn’t take place in the Gulf of Mexico. It took place in the Gulf of ...

Largest acquisition in company history would drive immediate scale and operating efficiencies with expansion across the U.S. and its territories ATLANTA & WELLESLEY, Mass.--(BUSINESS WIRE)--Today, ...