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Strong Growth Drives Capital Investment in Deepwater Oil & Gas Drilling in Gulf of Mexico, an Industrial Info News Alert


October 22, 2013 - SUGAR LAND, TX

Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Three years after the lifting of a moratorium on deepwater oil & gas exploration, the Gulf of Mexico is humming with drilling activity, part of a worldwide trend of finding and extracting hydrocarbons at ever-deeper ocean depths. The Gulf is not the only region seeing a surge of deepwater and ultra-deepwater exploration, but it is the world's most active spot for that type of drilling, with more than 500 wells operating and many more scheduled to be brought online in the next few years.

Other companies featured: BP plc (NYSE:BP), Chevron (NYSE:CVX), Exxon Mobil (XOM), Hess Corporation (NYSE:HES), Petroleo Brasileiro S.A. (NYSE:PBR), Anadarko Petroleum Corporation (NYSE:APC), Transocean Limited (NYSE:RIG), Noble Corporation (NYSE:NE)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/news/abstract.jsp?newsitemID=238980&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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