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BP greenlights $5 billion Tiber-Guadalupe drilling project in US Gulf

Summary
British oil major BP said on Monday it will move ahead with a $5 billion offshore drilling project in the U.S. Gulf of Mexico called Tiber-Guadalupe, marking another step in the company's strategy shift to refocus on its core oil and gas business. The project, expected to begin oil and gas production in 2030, will include a new floating platform with the capacity to produce 80,000 barrels of crude per day.

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Splash247 broke the news in on Monday, September 29, 2025.
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