Gulf of Mexico Drilling Continues

Six new deepwater projects will become operations in 2015, with an anticipated boost to Gulf production of 177,000 barrels per day. This marks the 2nd year of industry growth in the Gulf of Mexico. A report by Woods Mackenzie on offshore drilling release on March 20, 2015 notes that deep-water project are more resilient to short-term price swings because of their long life-spans.