Steep industry cost-cutting and reworking of projects have paved the way for the beginnings of a slow rebound on deep-water oil and gas projects — and a new set of final investment decisions for US players in the Gulf of Mexico.
The year 2017 began with BP winning approval from all its partners on the Mad Dog 2 project in the US Gulf, which the supermajor now says can be developed for $9 billion.
