In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the ...

Top BP managers and their consultants wore white, the logistics team wore orange ... a long-term decline in shallow-water oil production. The Gulf of Mexico now accounts for 30 percent of U.S ...

This assists the operators in cost-effective oil extraction, processing, storage and transportation without ... prospects across 58 blocks in the Gulf of America and can make utilization of ...

The leases in the Gulf Coast were expected to produce up to 1.1 billion barrels of oil and more than 4 trillion cubic feet (113 billion cubic meters) of natural gas over 50 years, according to a ...