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Reversing Biden administration policies that halted offshore leasing, prompting lawsuits and restricting oil and natural gas development, the Trump administration is expanding offshore capabilities.
The leases in the Gulf Coast were expected to produce up to 1.1 billion barrels of oil and more than 4 trillion cubic feet (113 billion cubic meters) of natural gas over 50 years, according to a ...
In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the Gulf of Mexico, ruling Thursday in favor of environmental groups that ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy Gulf nation Kuwait is set to borrow for the first time in almost a decade, raising hopes that the ...
Revenue rose 22% to USD151.2 million from USD123.5 million, as gross average production nearly doubled to 40,689 barrels of oil per day from 21,891 bopd. Gulf Keystone said it will not renew its ...
NEW YORK, March 18 (Reuters) - Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine ...
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in the Gulf of America. The FPSO plays a crucial role in the development of offshore oil and gas projects and reduces the operating costs substantially compared with the fixed platforms.
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