Late last year, following four years of construction, Shell 011 Company's recordsetting "Auger" tension leg platform ... first in the Gulf of Mexico to support both a drilling rig and complete ...

BP has announced a new oil discovery in the deepwater U.S. Gulf of Mexico, marking a boost to its upstream production ...

bp has discovered oil at the Gulf of Mexico Far South prospect 120 miles off the coast of Louisiana. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs ...

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

BP operates the Far South project with a 57.5% stake, alongside Chevron U.S.A. Inc. (NYSE: CVX), which holds 42.5%. The field ...

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.

The U.S. Department of the Interior announced a 'significant increase in estimated oil and gas reserves in the Gulf of America Outer Continental Shelf'.

Preliminary data indicates a potentially commercial volume of hydrocarbons, reinforcing bp's exploration strategy.

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

Baker Hughes said oil rigs fell by nine to 480 this week, while gas rigs rose by one to 97. In the Permian basin in West Texas and eastern New Mexico, the nation's biggest oil-producing shale ...

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 ...

April 14 - BP (BP.L), opens new tab has made an oil discovery at the Far South field in the U.S. Gulf of Mexico, it said on Monday, as the energy major seeks to grow production under a strategy ...