Going off script in the Gulf of Mexico
Output is still rising in the Gulf of Mexico, even if the longer-term picture is cloudier
THE BIG screen version of the 2010 Deepwater Horizon disaster will hit cinemas this autumn, bringing a time of existential angst for America’s offshore oil industry back to the fore. In the weeks and months after the accident, as CNN ran a live feed of crude spewing into the Gulf of Mexico and the government shut down the sector, a recovery in the US offshore seemed distant. But six years on, the sector has not only moved on from the tragedy but emerged as a relative bright spot in America’s oil landscape. High oil prices and a string of exploration successes saw the pipeline of new GoM projects fill up after the Macondo disaster. Today, those discoveries are yielding new barrels – defying t
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026






