A massive Gulf of Mexico oil spill mystified experts. Years later, a Houston oil company faces record fines

A Houston company faces a record $9.6 million in federal fines for its role in a major oil spill that mystified experts and ...
France 24

Chevron: the only foreign oil company left in Venezuela

The US oil company Chevron is walking a tightrope amid tensions between Washington and Caracas to retain its fragile position ...
Oilfield Technology

INEOS Energy announces new Norphlet oil discovery in the Gulf of Mexico

The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed high-quality oil in one of ...
Crude Oil Prices

Gulf Oil Producers Invest Heavily in Carbon Capture and Hydrogen

Gulf countries, led by Saudi Arabia and the UAE, are investing heavily in carbon capture, utilization and storage (CCUS) and hydrogen projects to reduce carbon emissions and capitalize on the growing ...
Crude Oil Prices

New Production To Help Gulf of Mexico Oil Output Avoid Dip

Production from new fields in the U.S. Gulf of Mexico is helping to offset a decline in production These new fields would also help push GOM crude oil production to 1.9 million barrels daily in 2025.
Business Wire

RaceTrac, Inc. – Georgia’s Second Largest Privately Held Company – Agrees to Acquire Gulf Oil LLC

Largest acquisition in company history would drive immediate scale and operating efficiencies with expansion across the U.S. and its territories ATLANTA & WELLESLEY, Mass.--(BUSINESS WIRE)--Today, ...