Tag: offshore oil

Offshore oil and gas resources are integral to the U.S. energy supply. According to the Bureau of Ocean Energy Management (BOEM), which oversees the development of the National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, offshore production on the OCS reached approximately 667.5 million barrels in fiscal year 2024 alone.

Exxon Mobil has announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block.