Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s coronavirus-driven recession.In contrast to shortages in coal…
Royal Dutch Shell on Monday said it has restarted production at its Olympus platform in the Mars Corridor in the Gulf of Mexico following repairs to portion of its West Delta 143 offshore facility in the aftermath of Hurricane Ida.The remaining assets in that corridor…
U.S. energy firms [last] week added oil and natural gas rigs for a fourth week in a row as more storm-hit offshore units resumed service in the Gulf of Mexico, and as crude prices this week hit three-year highs, prompting drillers to return to the wellpad…
Democratic members of Congress from California seized on the oil spill off the state's coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst.About 3,000 barrels (126…
Royal Dutch Shell Plc said its Enchilada/Salsa and Auger assets in the Gulf of Mexico were back online after they were shut due to Hurricane Ida.'Our Enchilada/Salsa and Auger assets are now back online,' Shell said in a statement late on Friday about the facilities southwest of New Orleans…
BP on Wednesday said all four of its offshore facilities in the Gulf of Mexico have resumed operations, having been brought back online and producing as of Sept. 12 post-Hurricane Ida.The company on Sept. 7 said it had resumed operations at its Atlantis and Mad Dog platforms…
The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, said on Friday it made no deliveries of sour crude from storage last month, following two storms that hit the U.S. Gulf Coast.The facility closed on August 28 ahead of Hurricane Ida…
Offshore drilling contractor Noble Corporation has sent a force majeure notice to its client Shell over the Noble Globetrotter II drillship contract after the rig was damaged earlier this week in the U.S. Gulf of Mexico in severe weather during Hurricane Ida…
Occidental Petroleum Corp on Wednesday said in a securities filing seven of its 10 offshore oil production platforms in the U.S. Gulf of Mexico remain offline since Hurricane Ida.Hurricane Ida tore through the Gulf of Mexico late last month…
U.S. energy firms this week added oil and natural gas rigs for a 14th month in a row as more offshore units in the Gulf of Mexico returned to service after shutting when Hurricane Ida slammed into the coast in late August.This week, 3 offshore rigs returned in the Gulf of Mexico…
Crude prices have climbed to the upper-$70s, sustained by continued demand growth and the OPEC+ production curtailment agreement. Excess oil inventory has largely been eliminated, natural gas supply shortages have appeared in Europe and LNG prices have soared…
Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.Brent crude was up 92 cents or 1…
The Louisiana Offshore Oil Port (LOOP), the largest deepwater oil import and export terminal on the U.S. Gulf Coast, has found no major damages to its marine operations during an initial review [of the impact of the hurricane Ida], but operations remain offline as assessments continue…
U.S. energy firms [last week] added oil and natural gas rigs for a fifth time in six weeks as offshore oil units in the Gulf of Mexico slowly started to return after Hurricane Ida slammed into the coast.[Last week], four offshore oil rigs returned in Louisiana…
U.S. offshore oil producer Talos Energy said on Sunday that the rate of oil flowing from a spill of unknown origin in U.S. Gulf of Mexico following Hurricane Ida appears to have decreased.Clean-up crews and a dive team were at the leak site…
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