Latest News:  
Beijing   Light rain/Cloudy    21 / 14   City Forecast


Gulf of Mexico drilling rebounds after oil spill: report


08:59, September 16, 2011

HOUSTON, Sept. 15 (Xinhua) -- Drilling in the Gulf of Mexico has made a comeback, driven by new deepwater oil discoveries, high oil prices and improved technologies, the Wall Street Journal reported Thursday.

The comeback comes after drilling in the Gulf of Mexico was largely shut down by the U.S. government following last year's BP oil spill, the worst offshore oil spill in U.S. history.

Drilling has returned to near-normal levels in the Gulf. There are 23 rigs currently drilling wells in water deeper than 3,000 feet, the newspaper quoted federal statistics as reporting.

A series of new oil discoveries in deepwater in the Gulf this year contributed to the burst of drilling activity in the Gulf, according to the paper.

BHP Billiton PLC and Chevron Corp. last week announced separate oil discoveries in the Gulf. The discoveries contain several billion barrels of oil, enough to keep the Gulf of Mexico a major producing region for years to come.

The newspaper said that the exploration has been driven by high oil prices as well as improved technologies that allow geologists to remotely detect oil before drilling.

In 2010, about 1.54 million barrels of oil were produced a day from the Gulf, according to the U.S. Bureau of Ocean Energy Management.

The U.S. will produce 1.43 million barrels of oil a day from the Gulf of Mexico in 2011, the Wall Street Journal quoted projections from the U.S. Energy Information Administration as reporting.


Leave your comment0 comments

  1. Name


Selections for you

  1. Never forget national humiliation

  2. Yang Lan presides over APEC Women and Economy Summit

  3. Folk art performer plays "dashuhua" in N China

  4. 2011 Summer Davos enters 2nd day

Most Popular


  1. Debating luxury duties: Up, down or scrapped
  2. China's investments boost US economic recovery
  3. Woman cuts watershed for China’s charities
  4. Food safety supervision overwhelms food crime
  5. China's actions in Libya show diplomatic maturity
  6. Living in Beijing more expensive than New York?
  7. Middle East turbulence not over yet
  8. Trajectories of China, US diverged after 9/11
  9. China's role in world monetary system positive
  10. Sting of inflation hits campuses

What's happening in China

Scientists under the microscope?

  1. Parking fee collector run over, killed
  2. Railways ministry to slash ticket refund charges
  3. Three stand trial in Shanghai tainted buns scandal
  4. Death toll in bus overturn in Shanghai rises to 11
  5. Bullet train ticket sales going online

PD Online Data

  1. The Yi ethnic minority
  2. The Salar ethnic minority
  3. The Tu ethnic minority
  4. The Pumi ethnic minority
  5. The Naxi ethnic minority