Hurricane Francine Halts 39% of U.S. Gulf of Mexico Crude Oil Production
(Reuters) — About 39% of crude oil production and 49% of natural gas output in the U.S. Gulf of Mexico were shut on Wednesday as hurricane Francine barreled toward the Louisiana coast, the U.S. Bureau of Safety and Environmental Enforcement said.
Francine was moving northeast with maximum sustained winds of 90 miles per hour (150 kph) and expected to hit the Louisiana coast by evening, the U.S. National Hurricane Center said.
Offshore producers have shut in nearly 675,000 barrels per day of oil and 907 million cubic feet of natural gas production, the regulator reported. There were 171 platforms evacuated, or 46% of the offshore total, BSEE said.
The U.S. Gulf of Mexico accounts for about 15% of all domestic oil production and 2% of natural gas output, according to federal data.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments