Initial data shows high-quality reservoirs and a potentially commercial volume of hydrocarbons, the company said.

BP operates the Far South project with a 57.5% stake, alongside Chevron U.S.A. Inc. (NYSE: CVX), which holds 42.5%. The field ...

bp plc discovered oil at the Far South prospect 120 miles off the coast of Louisiana in deepwater Gulf of Mexico.

As chairman Helge Lund and chief exec Murray Auchincloss brace for a rebellion, BP reported success at an exploration well ...

The Department of Interior Thursday released an analysis of fossil fuel deposits showing an additional 1.30 billion barrels ...

LONDON, April 14, 2025 (BSS/AFP) - British energy giant BP, which recently shelved carbon-reduction targets to focus on more ...

The earliest oil wells in the Gulf of Mexico were in shallow ... According to one source: BP is throwing all the resources it has available at the spill, so the cost to the company may be substantial.

The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP has reached an $18.7 ...

The widespread pollution from the BP oil spill caused fishing closures across 88,500 square miles. The Gulf of Mexico is home to more than 500 fish species, with new species continuing to be ...

British energy company BP had one of its best years in terms of new exploration despite a reputation damaged by the Gulf of Mexico oil spill, an executive said. A House Republican leader accused ...

The oil spill has leaked millions of gallons ... nearly 12,000 to 30,000 gallons of oil have spilled out into the Gulf of Mexico after the powerful winds of Hurricane Ivan knocked over a Taylor ...