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
28 February 2025
Dip in reserves amid soaring power needs raise concerns about the country’s plans for a new LNG train
27 February 2025
‘Drill, baby, drill!’ may achieve increased oil and gas production, but not as a result of increased drilling
27 February 2025
Refiners in India are expected to take greater volumes of US oil in the short term at the expense of Russia
27 February 2025
The new agreement for Turkmen gas exports via Iran marks another step in Turkey’s efforts to become regional gas hub but may have limited benefits for Tehran