HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 29.Sep.2025, Words: 170) — bp reached a final investment decision (FID) on the Tiber-Guadalupe project in the US Gulf of America.
The decision marks approval of bp’s second new production platform in less than 2 years in the critical US offshore region. The FID further underscores the significance of the US Gulf to bp’s global strategy, the UK-based company announced on 29 Sep. 2025 in an official statement.