U.S. Gulf of Mexico's Biggest Lease Sale Adds Little to $35 Billion in Active Projects

SUGAR LAND--March 26, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. President Donald Trump has made expanded oil and gas production a cornerstone of his domestic agenda, but his administration is having a hard time enticing some of the biggest producers to buy in. The Interior Department tried last week to lease a record 77 million acres in the U.S. Gulf of Mexico, but found buyers for only a sliver. Industrial Info is tracking $35 billion in active offshore projects in the U.S. areas of the Gulf of Mexico, of which more than $11 billion worth are under construction and more than $9 billion worth are in advanced engineering phases.

Within this article: Details on some of the highest-valued drilling projects already under construction in the Gulf, including those from major companies such as BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX), BHP Billiton plc (NYSE:BHP), Royal Dutch Shell plc (NYSE:RDS.A) and Hess Corporation (NYSE:HES).