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 ...

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

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

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

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 ...

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 ...

Customers line up for snow cones and po’ boys, graceful live oaks stand along the island’s central ridge, and sea breezes blow in from the Gulf of Mexico ... of oil from the broken well ...

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.

(CNN)-- BP has completed work on a relief well that will allow the oil giant to permanently seal the well at the heart of the Gulf oil disaster, the government's commander in charge of overseeing ...

The U.S. will hold an oil and gas lease sale in the Gulf of Mexico, as planned by the administration of former President Joe ...

BP has made an oil discovery in the deepwater U.S. Gulf of Mexico 120 miles off the coast ... at the Far South prospect in an exploration well drilled in Green Canyon Block 584, located in western ...

BP BP1.29%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 ...