The US Geological Survey assessed technically recoverable oil and gas reserves in Maverick basin formations in the Western ...

By bne IntelliNews BP announced on April 14 that it had made an oil discovery at the Far South prospect in the US Gulf of Mexico. The company operates Far South with a 57.5% interest, while Chevron ...

By Sheila Dang April 14 - BP made an oil discovery in the Far South field in the U.S. Gulf of Mexico, the UK-based oil major ...

The estimate includes 5.77 billion bbl of oil and 7.15 tcf of natural gas—a 22.6% increase in remaining recoverable reserves, DOI said.