The discovery in Block 15-2/17, in the Cuu Long Basin, encountered about 370 feet of net oil pay across two reservoirs.

President Joe Biden is making a sweeping move to ban all future offshore oil and natural gas drilling on America's East and ...

President Biden has blocked new offshore drilling for oil and gas in several parts of the country about two weeks before President-elect Trump takes office. Biden has announced he’ll block new ...

President Biden has issued an executive order blocking drilling for oil in more than 625 million acres of U.S. ocean. It's ...

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, a last-minute effort to block possible action by the incoming Trump administration to expand ...

Shortly before the end of his term in office this month, US President Joe Biden is pushing through far-reaching protection of US waters from further oil and gas extraction. The two "presidential ...

President Joe Biden is making a sweeping move to ban all future offshore oil and natural gas drilling ... According to the White House fact sheet, this move blocks drilling in more than 625 ...

HOUSTON, Jan 7 (Reuters) - Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand.

President Biden is using a decades-old law to block drilling for oil in more than 625 million acres of U.S. ocean — the largest region a president has ever protected using this authority.