Shell Notches Up Progress on Deepwater Projects in Gulf of Mexico

SUGAR LAND--March 31, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Shell Offshore Incorporated (Shell), a subsidiary of Shell plc (NYSE:SHEL) (London, England), recently started production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day (BOE/d). Shell is at work on more than $7 billion worth of offshore projects in the Gulf, where it is the largest producer, according to Industrial Info's project database. Within this article: Details on PowerNap and some of Shell's top projects in the Gulf of Mexico. Other companies featured: BP plc (NYSE:BP), Shell Midstream (NYSE:SHLX), Statoil USA E&P Incorporated, Equinor (NYSE:EQNR) and Chevron Corporation (NYSE:CVX).