"Trump Administration Approves Ultra-Deepwater Oil Drilling Plan"

"The $5 billion project in the Gulf of Mexico is expected to help produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life."

"The Trump administration on Friday approved a $5 billion oil drilling project in ultradeep waters of the Gulf of Mexico over protests from Democrats and environmental activists who said the venture posed significant risks to wildlife and communities.

The project by the British energy giant BP would be about 250 miles off the coast of Louisiana. The company projects it will produce 80,000 barrels of oil per day from six wells starting in 2029 in a section of the seafloor that is estimated to hold 10 billion barrels of crude.

Known as Kaskida, it would be the company’s second deepwater project in the Gulf since the Deepwater Horizon explosion in 2010, which set off the worst oil spill disaster in U.S. history."

Lisa Friedman and Rebecca F. Elliott report for the New York Times March 14, 2026.

Source: NYTimes, 03/16/2026