Timeline of the Deepwater Horizon oil spill Coast Guard and other reporting agencies. Price of a barrel of oil (West Texas Intermediate – Cushing, Oklahoma) $84.34 Chris Oynes, offshore drilling director for the MMS, announces a hurried retirement. Timeline of the Deepwater Horizon oil spill The following is a timeline of the "Deepwater Horizon" oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout). It was a massive oil spill in the Gulf of Mexico, the largest offshore spill in U.S. history. It was a result of the well blowout that began with the "Deepwater Horizon" drilling
Oil reserves in Mexico these problems, in September 2007, Mexico’s Congress approved reforms including a reduction in the taxes levied on Pemex. Most of Mexico's production decline involves one enormous oil field in the Gulf of Mexico. From 1979 to 2007, Mexico produced most of its oil from the supergiant Cantarell Field, which used to be the second-biggest oil field in the world by production. Because of falling production, in 1997 Pemex started a massive nitrogen injection project to maintain oil flow, which now consumes half the nitrogen produced in the world. As a result of nitrogen injection, production at Cantarell rose from in