Oil and gas companies are bringing several new projects online in the Gulf, moves aimed at keeping production flowing offshore as older projects shutter and the Trump administration gives a stamp of approval to fossil fuels.
The most recent project came online Monday when BP started production at three new wells connected to its existing Argos platform, expanding the amount of oil it can produce by as much as 20,000 barrels per day.
Argos, BP's first new platform in about 15 years, began producing oil in 2023 with the capacity to produce up to 140,000 barrels of oil per day, increasing the British oil giant's output in the Gulf of Mexico by about 20%.
In January, Shell, the largest oil producer in the Gulf, started production at its floating Whale development around 200 miles sout