Hurricanes force oil production adjustments in Gulf of Mexico
qinghong-shen-jVJNzgDUyMI-unsplash-3
Oil companies had hardly begun restoring production in the Gulf of Mexico following the rampage of hurricane Ida through the region at the end of August when they were again obliged to evacuate staff as a result of approaching tropical storm Nicholas.

Since Ida struck the state of Louisiana in late August, more than a million residents have remained without power. In New York, 20 cm of precipitation fell in the course of a few hours. In Louisiana, Ida was designated a category four storm, with winds reaching 240 kph.

     About 94 % of oil company operations were stopped and workers were evacuated from more than half of the production platforms. A total of 560 platforms operate in the Gulf.

     By mid-September, the Louisiana Offshore Oil Port (LOOP), had resumed operations for loading imports and exports. The terminal is the biggest private deep-water oil port in the States, linked by pipeline to half of the country’s refineries. Enbridge pipelines were among those that resumed operations.

   As of now, oil production has been restored only to 52 % of capacity in the Gulf of Mexico and gas production to 46 %. According to data from the Bureau of Safety and Environmental Enforcement (BSEE), staff have not yet returned to 63 production platforms evacuated during Ida.

    Tropical Storm Nicholas could develop hurricane strength before landfall and trigger heavy rains in Houston and in various regions of Louisiana. Shell, the largest production company in the Gulf of Mexico, has already begun evacuating its staff from offshore platforms.

    The conditions have sent oil prices upwards. November futures for Brent on ICE Futures Europe in     London are approaching $74 a barrel.   

    “The threat of more disruptions from extreme weather is also a cause of concern for producers and a reason for traders to add price premiums,” said Nishant Bhushan, Rystad Energy’s Oil Markets Analyst.

Share:

Share on facebook
Facebook
Share on telegram
Telegram
Share on email
Email
Share on twitter
Twitter
Share on vk
VK
Share on odnoklassniki
OK
Share on reddit
Reddit

Add comments

Your email address will not be published. Required fields are marked *

India to build the world’s largest floating solar power plant

Indian electricity company Rewa Ultra Mega Solar Limited (RUMSL) will build the world’s largest floating solar power plant (SPP), which will be of 600 MW capacity, The Economic Times reports. The project, which is estimated to be worth ₹3,000 crores ($468 million) will be implemented at the Omkareshwar reservoir located in Madhya Pradesh state, central India.

read more ...

Wind generator with recyclable blades

German renewable energy producer RWE has commissioned the wind turbines equipped with recyclable blades, as part of the 342-MW Kaskasi offshore wind farm located in the North Sea. The initiative can make an important contribution to recycling solution for used wind generators.

read more ...

Ship to be powered by solid hydrogen

As the Recharge News, an industry publication says, the world’s first ship to be powered by solid hydrogen will be launched in a port in Amsterdam in June 2023. The ship was named Neo Orbis, from the Latin Neo (new) and the ancient Greek Orbis (world), will be built by the Dutch Next Generation Shipyards supported by the European program H2Ships.

read more ...

Archives


September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930