Check out this video showing what life is like aboard the Jack/St. Malo platform in the deepwater U.S. Gulf of Mexico. The platform was only recently delivered to the Gulf and is operated by Chevron.
The Jack and St. Malo fields are located within 25 miles of each other in approximately 7,000 feet of water in the Walker Ridge area, approximately 280 miles south of New Orleans, Louisiana. The Jack/St. Malo platform, a semi-submersible floating production unit located between the fields, acts as a hub for the 43 subsea wells, including pumps and other equipment on the seafloor. The facility is the largest of its kind in the Gulf of Mexico, with a production capacity of 170,000 barrels of oil and 42 million cubic feet of natural gas per day, with the potential for future expansion.
Crude oil and natural gas production began at the Jack/St. Malo project in December 2014.
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday.
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
May 15, 2025
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