BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


Over 1 mil b/d of Gulf of Mexico crude output still shut-in after Nate: BSEE

Houston (Platts)--10 Oct 2017 453 pm EDT/2053 GMT


More than 1 million b/d of crude remains shut-in in the US Gulf of Mexico Tuesday after Hurricane Nate passed through the region over the weekend, although a couple of companies have publicly said they have begun to restart production.

Shut-in production of 1.024 million b/d represents nearly 59% of the US Gulf's crude output, the US Bureau of Safety and Environmental Enforcement said Tuesday.

In addition, 1.485 Bcf/d of natural gas output is also still shut-in, which is 46% of the US Gulf's gas output, BSEE said.

Also, 66 platforms and one rig remain evacuated, which are 9% of the total platforms and 5% of the total rigs in the Gulf, respectively.

Earlier Tuesday, ExxonMobil said it had restored production at its Julia and Hadrian South deepwater platforms, and was working to restore its shallow-water Mobile Bay production.

Late Monday, Murphy Oil said it was restoring the output of Front Runner and Medusa, two deepwater production facilities it operates.

Nate, a fast-moving storm, made landfall late Saturday as a Category 1 hurricane and raced east across Louisiana, Mississippi and Alabama on Sunday. So far it appears to have caused little or no damage to oil infrastructure.

--Starr Spencer, starr.spencer@spglobal.com

--Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com

Platts Price Assessment Methodology Explained
Oct 10 or Dec 12, 2017 | 11 am - 1 pm CST | Houston, Texas

Are you interested in learning about Price Assessment Methodology? Join our experienced editors to hear about why pricing benchmarks are so important, how to manage risk and monitor the performance of oil and gain insights into the Platts Market On Close (MOC) principle.

Get answers to these questions and more:

  • Why are pricing benchmarks so important?
  • How do I manage risk and monitor the performance of oil?
  • What's the importance of the Market-on-Close (MOC) principle in Platts' oil price discovery process?
  • How do I understand and follow price developments across the oil supply chain?
  • What are the key pricing trends for the physical and derivatives oil market?

Learn More and Attend Free




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.