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

Chief executives of the US Gulf’s larger players, including Chevron’s Mike Wirth and Occidental’s Vicki Hollub, touted the basin as an on-ramp toward greater fortunes in 2025, in part because of Trump ...

Japan, South Korea and Taiwan will also follow ... due to a potential LNG glut later in this decade. Gulf LNG, like Gulf oil, faces a bearish headwind from American energy dominance.

bp plc discovered oil at the Far South prospect 120 miles off the coast of Louisiana in deepwater Gulf of Mexico.

Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world’s proven crude oil reserves.

British energy company BP discovered oil off the US Gulf Coast. This follows BP's decision to prioritize fossil fuels. The discovery is at the 'Far South' prospect. BP plans to increase ...

Japan’s private-sector oil reserves were released during the 1991 Gulf War and following the 2011 Great East Japan earthquake and tsunami, but turning on the taps to release the state’s oil ...

Interior Secretary Doug Burgum ordered his offshore energy bureau to conduct the first offshore oil and gas sale of the ... offshore energy auction in the Gulf of Mexico, which President Donald ...

The BP Deepwater Horizon catastrophe in 2010 spilled 205.8 million gallons of oil and 225,000 tons of methane into the Gulf of Mexico. Only about 25 percent of the oil was recovered, leaving more than ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy Gulf nation Kuwait is set to borrow for the first time in almost a decade, raising hopes that the ...