The Gulf accounts for 97% of all offshore oil and gas production in the U.S. Nearly 12 million acres are under active leases in the Gulf, but only about 2.4 million acres are being used to produce ...

DUBAI - Egypt on Wednesday confirmed the discovery of oil reserves of at least 8 million barrels in the East Crystal-1 well in the Gulf of Suez, the petroleum ministry said. The exploratory well was ...

HOUSTON, Jan 31 - U.S. oil producer Chevron (CVX.N), opens new tab used the term "Gulf of America" instead of Gulf of Mexico in its fourth-quarter press release on Friday, a sign of corporate ...

On the back of new and expanded oil production projects in Kazakhstan and the Gulf of Mexico, oil giant Chevron (NYSE:CVX) is expected to generate free cash flow, likely to rise from $6 billion to ...

This emphasis on sustainability indicates both companies’ commitment to reducing the carbon footprint of their oil and gas operations. CVX’s Commitment to the Gulf of Mexico Chevron’s ...

HOUSTON - U.S. oil producer Chevron used the term "Gulf of America" instead of Gulf of Mexico in its fourth-quarter press release on Friday, a sign of corporate America beginning to implement U.S ...

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped ...

The modern oil industry began in 1859 with the drilling of the first oil well in Pennsylvania, leading to a boom that transformed the global economy. Oil's dominance was solidified by the rise of ...

Oil Producer Chevron Uses Term 'Gulf of America' After Trump Renaming Order By Sheila Dang HOUSTON - U.S. oil producer Chevron used the term "Gulf of America" instead of Gulf of Mexico in its ...

Shell Plc began production at its ‘Whale’ floating facility in the Gulf of Mexico, which is expected to reach daily peak production of 100,000 barrels of oil equivalent. There are an estimated ...