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BP wins approval for first new gulf project since Deepwater Horizon tragedy, Bloomberg News reports

ReutersMar 14, 2026 3:22 AM

March 13 (Reuters) - The Trump administration has approved BP's BP.L plan to pump billions of dollars of crude from its Kaskida project in the Gulf of Mexico, Bloomberg News reported on Friday.

BP’s deepwater Kaskida project is scheduled to start crude production in 2029, the report said. Bloomberg News said this would be BP's first new U.S. Gulf project since the Deepwater Horizon disaster of 2010.

Reuters could not immediately verify the report.

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