Offshore Drilling Renaissance: New Tech, New Discoveries

Offshore drilling in the U.S. is surging, driven by new high-pressure technology, as shale oil production peaks and demand for oil remains robust. Major oil companies like Chevron, TotalEnergies, Shell, and BP are deploying this technology in the Gulf of Mexico, with projects like Anchor and Tiber-Guadalupe expected to yield significant oil reserves. New discoveries, such as Talos Energys Daenerys field, further bolster the offshore renaissance, making it an attractive investment for the industry despite high upfront costs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.