As oil output peaks, US Gulf of Mexico makes room for carbon capture

After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.
Some companies, including Exxon Mobil Corp, have been dumping assets in the Gulf, the nation’s primary offshore source of oil, and are instead targeting capturing and storing carbon dioxide and other greenhouse gases underground.
The region, soon could became contested ground for oil, carbon sequestration and renewable energy, say analysts.
U.S. Gulf oil and gas output is expected to jump 17% to a record 2.6 million barrels of oil equivalent per day (boepd) by 2025, up from about 2.2 million boepd this year, before it begins declining, projects consultants Wood Mackenzie.