HOUSTON, May 5 (Reuters) - The U.S. Gulf of Mexico can

continue growing oil output to 2.4 million barrels per day (bpd)

from the current production level of 1.8 million bpd, even amid

volatility not seen in decades, as the administration of U.S.

President Donald Trump removes obstacles for investment, oil and

gas industry leaders said on Monday.

The chief executive of U.S. producer oil Oxy, Vicki Hollub,

the head of the U.S. National Ocean Industries Association

(NOIA) Erik Milito, the chief executive of Brazil's state-run

Petrobras, Magda Chambriard, and the head of Rystad Energy,

Jarand Rystad, spoke at the Offshore Technology Conference in

Houston.

(Reporting by Sheila Dang and Marianna Parraga in Houston;)