Activity booms, first-ever production and key sanctions are some of the factors leading to a grand year for the US Gulf of Mexico, analysts say. The U.S. Gulf of Mexico is on track to have a stellar 2019, with increases in drilling and merger and acquisition (M&A) activity, new project sanctions and first-ever production from a Jurassic play, according to analysts from Wood Mackenzie. “We expect 2019 to be a strong year for the Gulf of Mexico. In addition to exciting new project sanctions, which could usher in more than $10 billion of investment into the region, a couple of historic firsts set to occur next year could set the stage for years to come,” said WoodMac senior research analyst William Turner. Exploration activity in the region is expected to increase by 30 percent next year, WoodMac finds, with growth from new entrants like Kosmos Energy Ltd. , Equinor […]