Hurricane-related shut-ins curb 82% of oil, 59% of natural gas output in U.S. Gulf of Mexico, regulator says

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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

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

There were 189 platforms or drilling rigs in the U.S. Gulf of Mexico that remains unmanned early Saturday, it reported, down from 310 unoccupied facilities on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The rest of it is now smeared all over that area due to a reduction in oil industry regulations.

Mother Nature has just invoked 'Sanctions' on the United States. Would you like ketchup or Sriracha with your karma?

Yeah, even though Americans are using less gasoline, it still goes up like a rocket and floats down like a feather in price. The oil companies gouge us.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spain Weighs Legacy of Juan Carlos I After Former King Moves to Persian GulfSpain’s former monarch surprised his country this month when he said he was going into exile. His choice of new home has raised eyebrows further: the United Arab Emirates, in the Gulf region where his business dealings triggered the scandals battering his reputation. Does he have room for a deposed president? Asking for RealDonaldTrump. How are monarchies still a thing in the 21st century? Leave him alone.
Source: WSJ - 🏆 98. / 63 Read more »

As Laura exits, U.S. energy firms tally damage, plan restartsU.S. energy companies on Thursday were organizing crews to evaluate offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds inland. AMERICA_WILL_OVERHELMED_FOR_ASSASSINS_AND_AMERICA_WILL_OVERHELMED_FOR_ASSASSINS_AND_INJUSTICE
Source: Reuters - 🏆 2. / 97 Read more »