BP readies new Gulf of Mexico oil project Kaskida after Q1 output bounce

BP on May 2 talked up its oil and gas production prospects, including renewed planning for the giant Kaskida oil project in the Gulf of Mexico, as it reported a 6% increase in liquids production from its upstream oil unit in Q1 2023. Presenting first-quarter results, BP Chief Financial Officer Murray Auchincloss underscored the company’s February announcement of more modest…