Gulf of Mexico

In a move tied to national security, a Trump-appointed committee voted to exempt oil and gas drilling in the Gulf of Mexico from Endangered Species Act requirements, marking the first such exemption in 3 decades.

BP sanctioned development of the Kaskida in 2024, with first oil from the high-pressure project expected in 2029.

Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.

Latest 5-year assessment puts undiscovered technically recoverable gas resources on the US Outer Continental Shelf at 218 Tcf.

Autonomous drilling through managed pressure drilling (MPD) at the Atlantis field has given the operator confidence to scale the method.

Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.

Updates about global exploration and production activities and developments.

The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.

The US Energy Information Administration said it expects US crude oil production to stay close to 2025 levels in 2026 before dipping in 2027.

The London-headquartered independent acquires position in the US Gulf while preparing Zama for final investment decision.