First Gulf oil and gas lease sale since 2023 drew 219 bids across 1.02 million acres. Auction held under Trump’s One Big Beautiful Bill Act, mandating 30 offshore sales in 15 years. High bids totaled ...

Two upcoming Gulf auctions will offer 80 million acres each for offshore drilling. Trump administration‘s plan reverses Biden-era restrictions on lease sales. Environmental groups sued to block the ...

HOUSTON, July 7 (Reuters) - Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude. When ...

Oil companies offered $300 million in Gulf drilling bids, the first of 30 planned lease sales. BP, Chevron and Shell were among 30 bidders as royalties dropped to 12.5%. Sale comes as Trump moves to ...

Good news for Gulf residents! The OPEC+ alliance, which includes key Gulf oil producers like Saudi Arabia, the UAE, and Kuwait, has announced a modest increase in oil production. This move has already ...

HOUSTON, Oct 2 (Reuters) - (This October 2 story has been refiled to fix an incorrect picture caption, with no changes to text) Fuel oil imports to the U.S. Gulf Coast surged to a two-and-a-half-year ...

Producers in the body of water - which Trump renamed the Gulf of America - will bring on 300,000 barrels of new daily output this year and a further 250,000 barrels in 2026 due to projects many years ...

Several environmental groups have filed a lawsuit against the federal government's planned sale of 80 million acres of the Gulf for oil and gas drilling leases. They claim the sale would violate one ...

The relationship between the United States and India is facing one of its most acute crises since the Cold War. Tensions, once contained within the realm of strategic hedging between an ascendant ...

6 days India Is Offered Tiny Volume of Venezuelan Oil as Most Goes to U.S. bp (NYSE: BP) has reached a final investment decision on the Tiber-Guadalupe project, a new 100%-owned deepwater oil hub in ...