- Offshore oil production gains momentum as onshore drilling slows
- Technological advances unlock deepwater reserves
- Trump eases regulations and lowers royalties for drillers
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore.
Now, technological improvements allow for high-pressure offshore drilling while U.S. President Donald Trump has brought in industry-friendly regulations. With the most prolific shale areas depleting in giant fields like the Permian, shale producers must shift drilling to less productive areas at higher prices.
TECHNOLOGY UNLOCKS 'SIGNIFICANT DEEPWATER RESERVES
https://www.npr.org/2025/10/24/nx-s1-5584883/trump-alaska-wildlife-refuge-oil-gas-drilling
The Trump administration on Thursday finalized plans to open the coastal plain of Alaska’s Arctic National Wildlife Refuge to potential oil and gas drilling, renewing a long-simmering debate over whether to drill in one of the nation’s environmental jewels.
Trump officials are planning to open the California coast to oil drilling lease sales for the first time in decades, according to a draft map reviewed by The Washington Post, drawing condemnation from Democratic Gov. Gavin Newsom.