The US Gulf of Mexico has a busy schedule
Gulf of Mexico set to gather momentum
Buoyed by stronger oil prices and demand recovery, the region has plenty of projects on the roster
Offshore exploration in the US Gulf of Mexico is building up a head of steam—with BP’s mid-April Puma West oil discovery in the basin just the latest example. Several companies have outlined material drilling campaigns across 2021, while output poised to rise sharply over the next two years. The EIA estimates that at least 200,000bl/d of new production will come online in the Gulf of Mexico by 2023. This would lift production in the basin to 1.75mn bl/d, only 150,000bl/d shy of its all-time record. Most of these barrels will come from several large-scale projects. BP’s Mad Dog 2 venture is scheduled to start up this year, producing up to 140,000bl/d through the Argos platform. Thunder Hor
Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
