The U.S. is the world’s biggest producer of both crude oil and natural gas. One fuels our cars and airplanes. The other heats ...

Section 50102 of the OBBBA makes changes affecting what Section 18 of the OCS Lands Act calls the Five-Year Oil and Gas Leasing Program. Although ...

“The Gulf is critical for American energy security – 15% of our oil [and] 5% of our natural gas comes from the Gulf," said Gifford Briggs, Gulf Coast Region director for the American ...

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

The Gulf region usually produces about 15% of the oil in the U.S. Producers also shut in about 61% of the natural gas produced in the Gulf. "Risk level is high," said Stewart Glickman, energy ...

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 ...

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 ...

Canadian pipeline operator Enbridge , said on Friday its recent commercial process to gauge oil shippers' interest in an ...

The historic Spindletop oil site in Texas offers a model for storing more natural gas underground amid forecasts of surging ...