Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore ...

Most Gulf Cooperation Council economies will expand steadily this year and next on rising oil production, according to ...

Hurricane Delta raked across the Gulf of Mexico, halting most of the region's offshore oil output on Thursday after energy companies shut-in wells, pulled staff from offshore platforms and began ...

The U.S. Gulf of Mexico (GoM) delivers a large, stable, medium-sour to light-sweet offshore crude slate that anchors U.S. supply, averaging roughly 1.9–2.0 million b/d (estimated 2023–2024), or about ...

The United States is on track to break yet another oil production record this year, but the Energy Information Administration (EIA) says the resulting supply glut could drag prices lower in the months ...

Oil prices climbed in Asian trading on Wednesday as investors digested a mixed U.S. crude inventory report and assessed the broader supply outlook ahead of a modest production increase by OPEC+ in ...

A group of countries in the OPEC+ alliance has agreed to a small boost in oil production, citing a steady global economic ...

U.S. crude oil production reached 13.6 million b/d in July, prompting higher forecasts for 2025-2026 by the EIA.

BP p.l.c. (LON:BP) said in its third-quarter 2025 trading statement that it anticipates higher upstream production and ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. BP has reached the final investment decision on its estimated $5 billion ...

British energy giant BP said it would proceed with its $5 billion Tiber-Guadalupe project in the Gulf of Mexico, its second new platform in the region in less than two years as it doubles down on ...

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