As a public comment period comes to a close, Florida leaders are pushing back against a new plan for offshore oil drilling.

Mexican billionaire Carlos Slim's Grupo Carso will acquire complete ownership of two Gulf of Mexico oil fields after agreeing ...

A Houston company faces a record $9.6 million in federal fines for its role in a major oil spill that mystified experts and environmentalists for months following the November 2023 incident. The ...

Like finding that extra present under the Christmas tree or picking out that travel bottle of Maker's Mark deep down in your stocking, Shell and one of its subsidiaries just made a holiday time ...

Shell and INEOS Energy have struck oil at a deepwater exploration well in the U.S. Gulf of Mexico, confirming a new discovery in the high-pressure Norphlet formation. Shell and INEOS Energy said the ...

The revised total for winning bids in this month’s Gulf of Mexico lease sale was about $21 million more than initially announced. The first Gulf of Mexico oil and gas lease sale of the second Trump ...

Oil companies offered $300 million for drilling rights in the Gulf on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel production.The sale ...

The auction didn’t top 2023 results, but BP and Chevron helped bring in more money than many offshore lease sales over the last 15 years. An auction of U.S. offshore oil and gas leases brought in more ...

Energy companies offered more than $279 million in winning bids Wednesday at the U.S. government's first sale of oil and gas drilling rights in the U.S. Gulf since 2023, led by BP (BP), which offered ...

Trump’s first Gulf of Mexico lease sale drew nearly $300 million in bids, with the highest price per acre in eight years. The administration’s plan for 30 offshore lease sales through 2040 reassured ...

WASHINGTON (AP) — Oil companies offered $300 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S.