We have been drilling in the Gulf of Mexico for a long time, yet somehow, exploration and production companies are still finding more oil. Both Anadarko Petroleum (NYSE:APC) and Chevron (NYSE:CVX) have recently reported some fantastic finds. After years of being in the shadow of the Deepwater Horizon spill, these discoveries are helping to swing sentiment in favor of offshore drilling. Thanks to new drilling technologies, we are drilling deeper, going further offshore, and expanding the possibilities of the oil and gas industry.

Today, Fool.com contributors Tyler Crowe and Aimee Duffy check in to give some of the details on these recent finds, how we are pulling it off, and how the scars of the Deepwater horizon spill seem to have faded away.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Chevron and Seadrill. The Motley Fool owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.