US aims to boost oil output by easing drilling regulations in Gulf of Mexico

The US Interior Department has rolled out new guidelines for allowable pressure changes in a certain type of oil drilling in the Gulf of Mexico. According to Reuters, this move could significantly increase the country’s oil output.

The National Energy Dominance Council is pushing to reduce costs for oil and gas companies, ease regulations, and ramp up oil production, which had reached record highs under former President Joe Biden.

The department projects the new regulations will add 100,000 barrels per day to US oil output over the next decade. Interior Secretary Doug Burgum hailed the move as a "monumental milestone" in America's pursuit of global energy dominance.

However, producers must comply with several requirements, including pressure monitoring and regular reporting. Under the Biden administration, stricter safety standards for offshore drilling were introduced as new technologies emerged, enabling drillers to operate under extreme high-pressure conditions, Reuters reports.