Gulf of Mexico production packs a punch
New projects are steadily making progress, but there is still the long-term uncertainty of a permanent federal lease ban
Offshore activity in the Gulf of Mexico is picking up steam despite the uncertainty of a controversial government moratorium on offshore lease sales. Several tie-back projects have achieved first oil and more offshore activity is slated in the coming months. European major BP completed the tieback of its Manuel project into the Na Kika platform in late June. Production at the platform is expected to increase by 20,100bl oe/d, taking the company’s total Gulf of Mexico output in 2021 to c.300,000bl oe/d. BP’s Thunder Horse South Phase II project is also scheduled to come online later in the year, adding 50,000bl oe/d at its peak. And the flagship Mad Dog Phase II venture is projected to reac
Also in this section
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
