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 ...

The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP has reached an $18.7 ...

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 ...

It began with an air assault and continued on the ground. Iraq released millions of barrels of oil into the Persian Gulf. The spill covered an area 100 miles by 40 miles and was five inches thick ...

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 ...

The gulf was formed almost 200 million years ago, when tectonic plates separated and crashed, creating a “super basin” and ... for massive reserves of oil and gas. “Much of the remaining ...