Aug. 19 (UPI) --The U.S. Department of the Interior on Tuesday unveiled its long-term schedule for new Alaskan and Gulf of Mexico offshore oil and gas leases that are part of President Donald Trump's ...

Output is projected to rise from 1.8 to 2.4 million barrels per day by 2027 amid strong federal support and new investment.

Analysts and consultants predict that offshore investment will continue to grow as new technology and more friendly regulations encourage investment.

A federal judge in Louisiana ruled that President Biden’s withdrawal of large coastal areas from offshore oil and gas ...

Amid cautious optimism that a "top kill" effort to cap the leaking well causing the Gulf oil spill is working, President Obama banned new offshore drilling Thursday until further notice.

The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska. That will remove millions of acres from possible drilling as ...

BP and the U.S. government are still working out the final amount the oil giant will have to pay out for spilling an estimated 5 million barrels of oil into the Gulf of Mexico last year. Today, ...

Officials say the change will “align” the agency’s identity with a January presidential order renaming the Gulf of Mexico the Gulf of America. Hello, Gulf Council, a shorter and politically defused ...

By Arathy Somasekhar HOUSTON (Reuters) -Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower ...