16.1 C
New York
Sunday, April 18, 2021

Hurricane shut-ins curb 82% oil, 59% natural gas output in US Gulf of Mexico

Must read

Israel and Greece sign record defence deal

Stock Markets22 minutes ago (Apr 18, 2021 02:20PM ET) (C) Reuters. FILE PHOTO: Israeli Defence Minister Benny Gantz wears a face mask as he looks...

After a remarkable run, social media sentiment sours on DOGE

Cryptocurrency22 minutes ago (Apr 18, 2021 02:20PM ET) After a remarkable run, social media sentiment sours on DOGE It was a Shiba Inu shooting across...

Soccer-Greenwood double helps Man United sink Burnley

Sports & General41 minutes ago (Apr 18, 2021 02:01PM ET) 5/5 (C) Reuters. Premier League - Manchester United v Burnley 2/5 MANCHESTER, England (Reuters) -Mason Greenwood continued his...

More IRS summonses for crypto exchange account holders

Cryptocurrency43 minutes ago (Apr 18, 2021 02:00PM ET) More IRS summonses for crypto exchange account holders The United States Internal Revenue Service has been hunting crypto...

HOUSTON: US energy companies on Saturday continued to restaff offshore oil and gas production facilities in the US Gulf of Mexico, according to data released by the US Department of Interior.

There were 122 facilities that were reoccupied as of midday, the data showed. Crude oil production was off 82%, or 1.5 million barrels per day (bpd) and natural gas production was down 59%, or 1.6 billion cubic feet per day.

There were 189 platforms or drilling rigs in the U.S. Gulf of Mexico that remain unmanned on Saturday, the department said, down from 310 unoccupied facilities on Wednesday.

US Gulf of Mexico offshore wells account for 17% of total US crude oil production and 5% of total US natural gas production.

Hurricane Laura shut six coastal refineries this week accounting for about 12% of U.S. oil processing capacity. Those without significant damage have taken steps to restart operations.

- Advertisement -

Latest article

Israel and Greece sign record defence deal

Stock Markets22 minutes ago (Apr 18, 2021 02:20PM ET) (C) Reuters. FILE PHOTO: Israeli Defence Minister Benny Gantz wears a face mask as he looks...

After a remarkable run, social media sentiment sours on DOGE

Cryptocurrency22 minutes ago (Apr 18, 2021 02:20PM ET) After a remarkable run, social media sentiment sours on DOGE It was a Shiba Inu shooting across...

Soccer-Greenwood double helps Man United sink Burnley

Sports & General41 minutes ago (Apr 18, 2021 02:01PM ET) 5/5 (C) Reuters. Premier League - Manchester United v Burnley 2/5 MANCHESTER, England (Reuters) -Mason Greenwood continued his...

More IRS summonses for crypto exchange account holders

Cryptocurrency43 minutes ago (Apr 18, 2021 02:00PM ET) More IRS summonses for crypto exchange account holders The United States Internal Revenue Service has been hunting crypto...

VORTECS Report: Markets Pro sounds the alert as RUNE, DOGE and XRP skyrocket

Sign In/Free Sign Up 0 Cryptocurrency1 hour ago (Apr 18, 2021 01:40PM ET) VORTECS Report: Markets Pro sounds the alert as RUNE, DOGE and...