The Gulf of Mexico is seeing an oil resurgence, and Chevron just brought another big project online

A phone using Google Maps searches for "Gulf of Mexico," but the map returns "Gulf of America" (Credit: Justin Sullivan—Getty Images)

In the aftermath of the Deepwater Horizon disaster 15 years ago and the simultaneous shale oil boom, the oil and gas industry focused its attention on the onshore U.S. and today’s record-high oil and gas production.

But the Gulf of Mexico is quietly making a crude oil comeback thanks to new technologies and cost efficiencies utilizing existing deepwater platforms. The trend continued with Chevron bringing its big Ballymore project online April 21 that will ramp up to produce about 75,000 barrels of oil per day.