1. Deepwater Production Starts Signals Gulf Is Alive And Well... 2. Medgaz To Build Spain-Algeria Gas Pipeline. 3. ConocoPhillips Plans Offshore LNG Terminal. The Gulf of Mexico as a petroleum province is alive and well. This is the message from Minerals Management Regional Director, Gulf of Mexico Region, Chris Oynes. Emphasizing the major expansion of the oil and gas industry in the deep waters of the Gulf, Oynes said MMS reported 14 deepwater field start-ups and 12 new deepwater discoveries in 2004. "These 14 new deepwater start-ups and 12 deepwater discoveries show once again that the Gulf of Mexico is alive and well, helping America meet her energy needs. This tenth year of sustained expansion of deepwater production adds further to the success of previous years." Six of these 14 starts are floating production facilities (two tension-leg platforms and four spars) that can act as hubs for future subsea development projects. Two of these start-ups broke offshore records in 2004: ConocoPhillips' Magnolia set the world record for TLP water depth at 4,674 feet, and BP's Holstein is the world's largest producing spar.
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