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Two offshore energy production projects will likely help Chevron achieve a lofty goal: increasing the company’s U.S. Gulf of Mexico energy production to 300,000 net barrels of oil equivalent per day (Offshore Source).  
 
What’s going on: In September, Chevron began water injection—a method of boosting energy recovery—at its Jack/St. Malo and Tahiti semisubmersible floating production units in the deepwater Gulf.

• The St. Malo project, located about 280 miles south of New Orleans, Louisiana, “is expected to recover approximately 175 million gross BOE.” 
• Fewer than 100 miles away, the Tahiti platform “has produced more than 500 million gross BOE since 2009.”
• The semisubmersibles are among six deepwater projects Chevron operates in the Gulf.  

Why it’s important: “Chevron’s target of reaching 300,000 net BOE per day in the region by 2026 represents a 50% increase over 2020 levels”—and the energy produced by the company in the Gulf of Mexico is among the lowest carbon intensity in the world. 
 
The NAM says: “Increasing our domestic energy production is a win for consumers, national security and our allies,” said NAM Director of Energy and Resources Policy Michael Davin. “It’s a keystone of an all-of-the-above energy strategy.”