BP, the biggest oil producer in the U.S. Gulf of Mexico, has just announced that it is expanding the development at one of its fields, unlocking additional production from its offshore U.S. platforms, while the American supermajors look to significantly boost their output from the hottest shale play, the Permian. Nearly a decade after the 2010 Deepwater Horizon disaster, BP bets big on the Gulf of Mexico to grow its global production of ‘high-margin oil’, as its executives say. To be sure, BP has recently secured shale assets in the United States after buying last year oil and gas assets in the Permian, the Eagle Ford, and Haynesville from BHP in what the UK supermajor described as a “ transformational acquisition ” and one of its biggest deals in the past two decades. But BP is not putting all its eggs in one (shale) basket. It continues to expand […]