BP Confirms Major Oil Discovery in Gulf of Mexico Deepwater Field

Daily on Energy: A plea for LPO to be spared from cuts, BP makes a discovery off Louisiana, and China plans more coal

WHAT’S HAPPENING TODAY: Good afternoon and happy Monday, readers! We’re kicking off another week with a lot of attention on oil, as prices remain in the low $60s, BP made a new discovery off the coast of Louisiana, and Goldman…

BP exploration well finds oil 120 miles off the Gulf coast, officials say

Energy giant BP on Monday said one of its exploration wells had found oil in deep waters about 120 miles off the Louisiana coast.

Most recently, the British oil company BP has made headlines that the company wants to cut its spending on renewable energies massively. Instead, BP puts more money into exploring possible fossil fuel deposits - and is thus successful.

BP announces US oil discovery

Oil major plans to ramp up output under a strategy reset announced earlier in 2025

BP Makes Deepwater Oil Discovery in Gulf of America

BP has made an oil discovery in the deepwater U.S. Gulf of America 120 miles off the coast of Louisiana, the UK-based supermajor said on Monday. The discovery at the Far South prospect comes as BP announced a few weeks back a strategy reset to shift focus back to growing oil and gas production and investments after a few years of trying to be an integrated energy company with a major presence in renewables. BP made the oil discovery at the Far S…

BP makes oil discovery off US Gulf of Mexico coast

BP has made an oil discovery at the Far South field in the US Gulf of Mexico, it said today, as the energy major seeks to grow production under a strategy reset announced earlier this year.