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  • Featured Analysis
  • U.S. Offshore Oil Production Going Up

  • June 29, 2016

  • Offshore oil production is finally rebounding from the moratorium and “permitorium” that President Obama instituted in 2010 when the Deepwater Horizon accident occurred in the Gulf of Mexico. Production from offshore oil fields is partially offsetting declining output from shale regions onshore where oil producers have cut back production due to lower oil prices. Offshore oil production in 2015 was just 1.3 percent below its 2009 peak and is expected to exceed that peak this year and next, ...
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Offshore oil production is finally rebounding from the moratorium and “permitorium” that President Obama instituted in 2010 when the Deepwater Horizon accident occurred in the Gulf of Mexico. Production from offshore oil fields is partially offsetting declining output from shale regions onshore where oil producers have cut back production due to lower oil prices. Offshore oil production in 2015 was just 1.3 percent below its 2009 peak and is expected to exceed that peak this year and next, ... Read More
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