The measure would require the Obama administration to conduct additional sales of oil and gas leases off the coasts of Virginia, South Carolina, southern California and Alaska over the next five years.

(Bloomberg) — The Republican-led U.S. House of Representatives passed legislation opening the California and Virginia coasts for offshore oil drilling, defying a presidential veto threat. The measure, if approved by the Senate, would...

HOUSTON–A federal safety agency has determined that the offshore-drilling industry is relying on the wrong data in its quest to prevent major accidents like the 2010 Deepwater Horizon blowout. Offshore...

WASHINGTON (Dow Jones)–The Obama administration is paving the way for seismic surveys of the Atlantic Ocean that will reveal the amount of oil and natural gas that exist off the...

Obama’s Oil Abdication; Cuba, Mexico, the Bahamas, Canada and Russia are all moving ahead on projects adjacent to our borders. By Lisa Murkowski, The Wall Street Journal Last week the...

WASHINGTON (Dow Jones)–The Obama administration has found a replacement for offshore drilling safety chief Michael Bromwich, a highly polarizing figure who revamped the government’s offshore oil office in the wake...

(Dow Jones) The Obama administration proposed a moderate expansion of offshore drilling Tuesday, revealing a five-year plan that represents the first blueprint for offshore oil production since the Deepwater Horizon...

U.S. officials are trying to make sure the American coastline will be protected as Cuba begins drilling a deep water oil well later this year about 60 miles off the...

The Marine Well Containment Company (MWCC) says it has taken delivery of an integral part of its expanded containment system, a new Aframax tanker. The 107,500 dwt tanker was delivered...

(Dow Jones) US offshore regulators are issuing deepwater drilling permits under new regulations like it was 2009–before the disastrous oil spill in the US Gulf of Mexico, fostering optimism among...

Congressman Steve Cohen, a Democrat from Tennessee, last week reintroduced a bill in the U.S. House of Representatives that would require all vessels conducting offshore drilling in U.S. coastal waters...

Photo courtesy OneEighteen via Flickr HOUSTON (Dow Jones)–The U.S. Coast Guard and the Federal Bureau of Investigation must develop a joint national plan to prevent terrorist attacks on maritime oil...

WASHINGTON (Dow Jones)–A group of mostly Republican lawmakers blocked a key vote on legislation to strengthen oil-drilling safety Thursday after efforts to use the bill to steer billions of dollars...

Gulf Offshore Oil and Gas Industry Could Support Over 400,000 Jobs Nationwide by 2013 A new study released today by the National Ocean Industries Association (NOIA) and the American Petroleum...

WASHINGTON -(Dow Jones)- The Interior Department is asking Congress to increase fines for oil and natural gas companies that break offshore drilling laws, with one Interior official saying current fines...

Exxon Mobil Corp.’s huge new oil discovery in the Gulf of Mexico is good news for domestic energy production, but it’s even better news as a sign that last year’s...

ExxonMobil Corporation (NYSE:XOM) today announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company’s first post-moratorium deepwater exploration well. The KC919-3...

Shell today announced a significant, multi-billion dollar investment to develop its major Cardamom oil and gas field in the deep waters of the Gulf of Mexico (GoM). The Cardamom project...

BHP Billiton Petroleum announced today that it is the first company in the deepwater Gulf of Mexico to bring a newly drilled well into production since the moratorium was enacted...

As the 2011 Atlantic Hurricane Season gets under way, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today issued its annual guidance to offshore operators on reporting tropical...