But the Gulf of Mexico is quietly making a crude oil comeback thanks to new technologies and cost efficiencies utilizing ...

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

Down past New Orleans lies Plaquemines parish, a narrow sliver of land at the tip of Louisiana that reaches southward like a ...

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 ...

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 ...

BP has made a significant oil discovery at its Far South prospect in the deep-water Gulf of Mexico. The exploration well, drilled in Green Canyon Block 584, is located approximately 120 miles (193 ...

April 10 (UPI) --The Department of Interior on Thursday released an analysis of fossil fuel deposits showing an additional 1.30 billion barrels of oil in the Gulf of ... as well as in the Gulf.

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

Chevron has started oil and gas production from a project in the U.S. Gulf of Mexico, the oil major said on Monday, bringing ...

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