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.

Remington Oil and Gas was the apparent high bidder on eight offshore lease blocks at the OCS Sale 198 ... in the onshore and offshore regions of the Gulf Coast.

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 to block the lease after it was scheduled ...

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 ...

WASHINGTON (Reuters) - 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 Biden, and will release a proposed notice of it ...

A federal judge on Thursday blocked an oil and gas lease sale in Gulf waters off ... from the new oil and gas operations in the Gulf of Mexico, also referred to as the Gulf of America after ...