In the Gulf of Mexico, the U.S. Congress encouraged companies to go deep as early as 1995. That year it passed a law forgiving royalties on deepwater oil fields leased between 1996 and 2000.

It began with an air assault and continued on the ground. Iraq released millions of barrels of oil into the Persian Gulf. The spill covered an area 100 miles by 40 miles and was five inches thick ...

With one day left to… U.S., five states announce settlement with BP over gulf oil spill The Justice Department and five states on Monday announced a $20 billion final settlement of claims ...

the catastrophic oil spill that tainted Louisiana’s shores more than a decade ago didn’t take place in the Gulf of Mexico. It took place in the Gulf of America. The company is one of several ...

In its fourth-quarter news release and slides, Houston-based Occidental OXY-N refers to its U.S. offshore oil and gas holdings as being located in the Gulf of America, reflecting the contentious ...

Gulf Oil Lubricants India announced the appointment of Aarthy Sridhar as chief marketing officer (CMO). With over 13 years of extensive experience in brand building and category leadership at ...

HOUSTON, March 11 (Reuters) - Mexico's state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up ...

The Biden administration has agreed to auction off oil and gas leases for over 73 million acres of federal water in the Gulf of Mexico. The decision comes just after President Biden approved the ...