Deepwater Gulf exploration starts to rebound
The US Gulf of Mexico is experiencing an uptick in exploration, but the way companies operate in the region has changed due to the downturn in oil prices
Exploration in the US Gulf of Mexico appears to be on the up after several years in decline. However, the lower oil price environment has forced operators in the region to change their approach to exploration, and this trend is still playing out. A return to the development of new megaprojects appears likely in the coming years—and indeed necessary if producers are to replace lost barrels from mature, declining operations. For now, a strategy focused on subsea tiebacks and the expansion of existing operations is the preferred option for many Gulf drillers. At the same time, though, a few—mostly majors—are pushing to open frontier deepwater regions. These players will be instrumental in kicki

Also in this section
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks