In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

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.

For decades, BP—the U.K.-based oil and gas giant that is No ... following 2010’s Deepwater Horizon catastrophe in the Gulf of Mexico, BP wore its environmental intentions on its sleeve.

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 ...

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 ...

Large areas of the Gulf have escaped being scraped by trawls, crushed by more than 40,000 miles of pipelines, or displaced by one of 50,000 oil and gas wells drilled since the middle of the 20th ...

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 ...

leaving room for the Gulf of Mexico to live on. Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on ...

For full-year 2025, Murphy Oil has allocated about $410 million of its 2025 capex budget to the Gulf of Mexico for operated and non-operated development drilling and field development projects.