Chevron (CVX) just flipped the switch on a major new oil and gas project in the Gulf of America. The Ballymore subsea tieback is now live, and

Chevron (NYSE:CVX) said Monday it started oil and natural gas production from the $1.6B Ballymore project in the deepwater U.S. Gulf, in the company's goal to produce 300K net boe/day from the Gulf in 2026.

Chevron has started oil and gas production from a project in the U.S. Gulf of Mexico, the oil major said on Monday, bringing the company a step closer toward its goal of growing production from the ocean basin by 50% this year.