oil drilling

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases across millions of acres.

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block possible action by the incoming Trump administration to expand offshore drilling.

The federal agency cited BP's "lack of business integrity" in dealing with the 2010 Gulf oil spill. The London-based oil giant agreed to plead guilty to criminal misconduct in the case and also agreed to pay a record $4 billion in penalties.

A Texas oil company is still searching for a missing worker near a burned platform off the Louisiana coast. The company is using dive teams and a…

The body of one of two missing oil rig workers has been found near the offshore platform that caught fire in the Gulf of Mexico. The oil company says…

The Coast Guard has called off a search for two men missing from an oil platform that caught fire Friday morning off the Louisiana coast. Officials say it…

The Coast Guard is searching for two workers missing after fire tore through an offshore oil platform off the Louisiana coast. Four others are recovering…

The fire that broke out on a Gulf of Mexico oil platform this morning after an explosion has been extinguished, according to the U.S. Coast Guard.The fire…

Petrobras USA says production has begun at its Chinook oil field in the ultra-deep waters of the Gulf of Mexico.The company says production started last…

Oil production is resuming in the Gulf of Mexico and at refineries in the coastal regions hit by Hurricane Isaac. However, power outages are slowing the…