HOUSTON (Reuters) – U.S. energy companies on Saturday continued to restaff offshore oil and gas production facilities in the U.S. Gulf of Mexico, according to data released by the U.S. 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 production was down 59%, or 1.6 billion cubic feet per day. (https://tinyurl.com/yyzyvb3f)
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.
U.S. Gulf of Mexico offshore wells account for 17% of total oil production and 5% of total U.S. 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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.