Gulf of Mexico output expected 2 mbd in 2020…Houston Chronicle

From Jordan Blum, Houston Chronicle, here…

“The Gulf of Mexico is churning out oil at record highs each year and will average 2 million barrels per day in 2020 for the first time, the federal government said.

As new projects come online, the Gulf already has averaged record highs in 2018 and now in 2019 – even with temporary outages from hurricanes and tropical storms – and despite dwindling exploration and drilling activity in the deepwater Gulf.”

And, the “however”:

”However, drilling and exploration activities in the Gulf are at some of their lowest levels since the 2010 Deepwater Horizon tragedy triggered a temporary moratorium. Instead, many companies have focused on cheaper expansion projects in the Gulf rather than push forward with multibillion-dollar new platform projects.