Big Oil companies are returning to the Gulf of Mexico to develop ultra high-pressure, high-temperature oilfields, 15 years after the Deepwater Horizon oil spill. BP and others are racing to exploit this new frontier, aiming to boost Gulf oil production. Meanwhile, British regulators have awarded more North Sea oil and gas licenses, signaling further expansion in the oil industry. Companies like Shell are emphasizing offshore drilling in the Gulf, citing lower greenhouse gas emissions compared to land drilling.
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land. #oott https://t.co/sjpFGIort9
Since the Deepwater mega-disaster, Gulf oil production has been stagnant. If a new round of major developments goes ahead, that will soon change. Big story featured in the latest Top Links from Chartbook newsletter https://t.co/wF8dOtkxh8 https://t.co/VuBTgS5gOB
British regulator awards more North Sea oil and gas licences https://t.co/diM0BtMtNW https://t.co/NJSiPhPE3s
British regulator awards more North Sea oil and gas licences #oott https://t.co/E017OmVKW7
LONG-READ COLUMN: The US Gulf of Mexico is about to boom again -- 15 years after the Deepwater Horizon oil spill. BP and several others are racing to develop the new frontier in the basin: ultra high-pressure, high-temperature oilfields. #OOTT @Opinion https://t.co/uGU7RTq53F
Big Oil is going back into the depths of the Gulf of Mexico. @JavierBlas wonders what's wrong with that picture. Remember Deepwater Horizon? #OOTT https://t.co/mDfPvQ9uRJ via @opinion
Big Oil is going back into the depths of the Gulf of Mexico. @JavierBlas wonders what's wrong with that picture. Remember Deepwater Horizon? #OOTT https://t.co/MYGSCuv4UU