INGLESIDE, Texas—There is political uncertainty over new drilling in the Gulf of Mexico, but oyster PLC – the Gulf’s largest producer – is still investing billions of dollars in its waters to pump oil for years to come.
Shell’s continued ambitions in the Gulf are on full display at a sprawling construction yard in southeast Texas. According to energy consulting firm Wood Mackenzie, the company is putting the finishing touches on VITO, its 13th major offshore project in the region, which is expected to cost about $3 billion. equinox In form of. Later this month, three tugboats will take Vito to waters about 4,000 feet deep, about 150 miles southeast of New Orleans, where it will begin pumping oil and gas from eight wells.