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In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the Gulf of Mexico, ruling Thursday in favor of environmental groups that sued to block the lease after it was scheduled for auction in 2023.
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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.
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Crude oil production in the Gulf of Mexico saw its biggest drop in more than a decade due to the production shutdown ahead of Hurricane Barry earlier...
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Plans for man-made islands — designed by Rice University architecture students — have attracted the attention of one of the world's largest oil companies as a way to house way-offshore oil workers.