Gulf of Mexico is US oil’s engine room in 2025
Several projects are expected to boost production this year as strategically important region looks to environmental rules, fiscal policies, oil prices and demand trends longer term
Oil production in the Gulf of Mexico (GOM) is strategically important not only for the US but also for the rest of the world. Over the past five years, it accounted for around 14% of US production. With the help of advances in technology, adaptability and innovation, oil companies have been able to boost production in this part of the world. Output in the GOM is expected to increase by 4% year-on-year in 2025 compared with a paltry 1% growth rate in the rest of the lower 48 states. Several major projects are set to boost production in the GOM in 2025. Shell's Whale Field, located in the Perdido area, ultra-deepwater GOM, came onstream in January 2025. The field, where Shell has 60% and Chevr

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