OPERATIONS

Woodside one of the few new entrants to Gulf of Mexico in 2022

OIL and gas production in the US Gulf of Mexico is set to hit a new record high this year however new entrants to the region are few and far between, which could be a double-edged sword for Woodside Petroleum.

Mark Tilly

BHP's Shenzi platform in the Gulf of Mexico

Production output is expected to hit 2.3 million barrels of oil equivalent per day, compared to just 1.3MMboepd a decade ago, with Woodmac noting that operators have cut costs significantly since then...

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OPERATIONS

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