Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Hazloc Heaters
Hazloc Heaters
Copper Tip Energy


Six Gulf of Mexico Oil Fields Shut In After Pipelines Halted


These translations are done via Google Translate

(Bloomberg)

Six oil and gas fields in the Gulf of Mexico have been shut after a leak at a Louisiana booster station halted two pipelines in the region.

Shell Plc on Thursday shut its Mars and Amberjack pipelines which together can move as much as 500,000 barrels a day of oil from the Gulf of Mexico to the coast. That resulted in the closure of Shell’s Mars, Ursa and Olympus fields, as well as Chevron Corp.’s Jack/St. Malo, Tahiti and Big Foot fields, the companies said.

GLJ
ROO.AI Oil and Gas Field Service Software

Both pipelines are expected to resume service Friday as the leak has been contained, Shell spokesperson Cindy Babski said in an email. She didn’t provide an update on restarting production at the fields.

The outage comes at a time when global energy supplies are exceedingly tight. While US crude inventories have been cushioned by the government’s tapping of emergency oil reserves, stocks nevertheless remain below the five-year average. Supplies could tighten further, with the International Energy Agency forecasting that oil demand will accelerate this year.

The disruption of supplies in the Gulf of Mexico strengthened prices for Mars Blend crude, a regional sour crude benchmark. Meanwhile, Gulf of Mexico dry-gas production is down about 2.4%, the most since Aug. 2, according BloombergNEF. September gas futures traded in New York are up as much as 8.4% to a two-week high.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE