F or one great American carmaker, the early 2000s was all about organizing a big birthday party. But instead of some jelly ...

At Mecum Auction's Kissimmee sale, an extraordinary $25 million bid was placed on a Porsche 917K, the legendary "hero" car driven by Steve McQueen in the film Le Mans. However, Jerry Seinfeld, the car ...

RM Sotheby’s will sell a Ford GT40 Mk II on behalf of the Indianapolis ... Its engine was also in a non-running condition, and other elements like oil lines, fuel bags, and a clutch were ...

While the late, modern-day Ford GT is an exceptional sports ... Someone had the car repainted in the Gulf colour scheme of the Le Mans-winning GT40 P/1075 in 1985. A decade later, it was brought ...

The Gulf accounts for 97% of all offshore oil and gas production in the U.S. Nearly 12 million acres are under active leases in the Gulf, but only about 2.4 million acres are being used to produce ...

DUBAI - Egypt on Wednesday confirmed the discovery of oil reserves of at least 8 million barrels in the East Crystal-1 well in the Gulf of Suez, the petroleum ministry said. The exploratory well was ...

The modern oil industry began in 1859 with the drilling of the first oil well in Pennsylvania, leading to a boom that transformed the global economy. Oil's dominance was solidified by the rise of ...

The biggest and most influential Middle Eastern oil producers in OPEC are making headlines for a rather surprising reason—their giant renewable energy projects. Saudi Arabia and the United Arab ...

HOUSTON, Jan 6 (Reuters) - Fuel oil deliveries into America's largest refining hub on the U.S. Gulf Coast fell to a record low in December, according to data from ship tracker Kpler, as Latin ...

SINGAPORE – Conflict is not the only phenomenon reshaping the face of the Gulf, with the decisive shift of countries like Saudi Arabia away from reliance on the oil industry galvanising private ...

Colbert suggested the change following the Deepwater Horizon spill that dumped 168 million gallons of oil across nearly 60,000 square miles of the gulf. "I don't think we can call it the Gulf of ...