Oil major Shell has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico ...

The move comes as offshore operators seek to make existing wells more efficient as oil prices continue to flag.

Major Gulf stock markets fell on Sunday on weaker oil prices and profit-taking, with sentiment further pressured by concerns ...

Oil and gas companies spent $300 million in bids on more than 1 million acres, a decline of around 27% compared to the last ...

The revised total for winning bids in this month’s Gulf of Mexico lease sale was about $21 million more than initially ...

Shell shares down on lower oil prices and warmer weather forecasts, subsidiary invests in waterflood project in U.S. Gulf of America.

The first Gulf oil lease sale since 2023 drew 219 bids across 1M acres as the Trump administration pushes expanded offshore ...

The sale came after President Donald Trump's administration announced plans to allow new drilling off Florida and California ...

First injection is expected in 2028 and is anticipated to extend the production lifecycle of Ursa by several years'.

Several environmental groups have filed a lawsuit against the federal government's planned sale of 80 million acres of the Gulf for oil and gas drilling leases. They claim the sale would violate one ...