By Jessica Resnick-Ault NEW YORK, Dec 3 (Reuters) – The U.S. Bureau of Safety and Environment Enforcement, which overseas offshore oil and gas production, said it will consider lower royalty payments for...

By Ron Bousso LONDON, Jan 8 (Reuters) – BP said it has discovered two new oilfields in the Gulf of Mexico and has identified an additional billion barrels of oil...

Both Chevron and Royal Dutch Shell on Thursday announced major deepwater oil discoveries at two separate wells located in the U.S. Gulf of Mexico. Both finds have been described as...

Oil and gas production from deepwater projects in the U.S. Gulf of Mexico is critical to the Trump Administration’s goal of energy dominance, according to Bureau of Safety and Environmental...

By Adam Williams (Bloomberg) — As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world — led...

By Jessica Summers (Bloomberg) — Crude went on a roller-coaster ride Wednesday as platform closures in the Gulf of Mexico led futures to spike, while the stubborn increase in U.S....

By Naureen S. Malik (Bloomberg) — The first floating terminal proposed to export natural gas out of the Gulf of Mexico has been cleared by U.S. regulators to send cargoes...

By Bailey Lipschultz (Bloomberg) — While oil drillers in U.S. shale basins are starting to see business come back, their offshore brethren will have to wait for prices to surge well...

Offshore oil and gas operators have shut-in approximately 19.52 of of the current oil production in the Gulf of Mexico as Tropical Storm Hermine makes its way across the eastern portion...

Offshore oil and gas operators in the Gulf of Mexico have started evacuating platforms and rigs in the path of a Tropical Depression 9, the Bureau of Safety and Environmental...

A U.S. government oil and gas lease sale covering the Western Gulf of Mexico garnered just $18 million in high bids on Wednesday, a reflection of the prolonged weak oil...

COPENHAGEN, Aug 2 (Reuters) – Maersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk Valiant, a spokeswoman...

MEXICO CITY, Feb 26 (Reuters) – Contract awards for Mexico’s first-ever deep water oil auction covering ten potentially lucrative blocks will take place on Dec. 5, oil regulator CNH said...

  The U.S. Bureau of Safety and Environmental Enforcement said Tuesday it was responding to a report of a death on the Pacific Santa Ana in the Gulf of Mexico off...

By David Wethe (Bloomberg) — Imagine parking your $300 million boat for months out in the open sea, with well-paid mechanics hovering around it and the engine running. The Gulf...

While U.S. drilling on land has fallen along with the price of crude, the risky and expensive drive to pull oil from the depths of the Gulf of Mexico is showing little evidence of a slowdown.

Hess, along with their joint venture partners Union Oil (Chevron), Statoil and Nexen, all of which have a 25 percent working interest, have reached a final investment decision to proceed...

Even as it faces $50 billion in potential liabilities from the worst U.S. offshore oil spill, BP Plc is leading the effort to extract crude from deep below the sea, a place as extreme and inhospitable as the surface of Mars.

In 1994, ‘Auger’ became Royal Dutch Shell’s first tension-leg platform operating in the deep-water of the U.S. Gulf of Mexico. When production from its fields started to slow, the Auger...

Flaws in safety equipment and procedures used on Gulf of Mexico rigs persist four years after 11 workers died in an explosion aboard the Deepwater Horizon that led to the largest offshore oil spill in U.S. history.