JOURNAL ARTICLE

BP Wins OK for First New Gulf Project Since Deepwater Horizon Tragedy, Worst Oil Spill in US History.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Natter, Ari 3 of 3

Abstract

The article focuses on the Trump administration's approval of BP Plc's Kaskida project, the company's first new deepwater oil field development in the Gulf of Mexico since the 2010 Deepwater Horizon disaster. Scheduled to begin production in 2029, the project is expected to yield about 275 million barrels initially from a seafloor area estimated to contain up to 10 billion barrels. Despite opposition from environmental groups and Democratic lawmakers concerned about potential ecological risks, BP emphasizes its commitment to safety and technological innovation. The Kaskida development marks BP's largest Gulf investment in nearly 16 years, enabled by advances in managing the field's challenging geology and high pressure. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2026
  • Accession Number:192317162
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