Equinor Shutters Gulf Oil Platform on Hurricane Watch as Oil Prices Dip
Despite the precautionary oil and gas shut-ins in the Gulf of Mexico, oil prices were downwardly explosive on Wednesday, losing as much as 3% by 12:36 p.m. ET on China stimulus uncertainty and U.S. stockpiles.
Gulf of Mexico Oil, Gas Production Almost Fully Restored After Hurricane
Gulf of Mexico oil and gas production is almost fully restored following hurricane Francine, a statement posted on the Bureau of Safety and Environmental Enforcement’s (BSEE) website on Monday revealed.
One-quarter of US Gulf of Mexico oil production offline after Hurricane Helene
About one-quarter of US Gulf of Mexico oil production was still offline Friday after the powerful Hurricane Helene swept through the region, a US regulator said. Roughly 427,000 barrels per day worth of crude output had yet to be restored after operators evacuated personnel and shut down platforms before Helene made landfall in Florida,
Hurricane Helene misses 'most prolific' Gulf of Mexico oil and gas producing areas
Crude oil prices drop on Saudi production increase reports, Libya stability, and mixed economic stimulus impact in China, impacting energy sector.
New Production To Help Gulf of Mexico Oil Output Avoid Dip
Production from new oil fields in the Gulf of Mexico will help the region avoid a decline in output due to natural depletion this year and next.
The scene in Florida as Hurricane Helene approaches its Gulf Coast
The hurricane’s predicted storm surge could be devastating in the coastal areas of Florida’s Big Bend, where the peninsula meets the panhandle.
Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen
Crude oil prices rose as Hurricane Francine disrupts production, but concerns over demand persist amid IEA's lowered growth forecast.
About 25% of oil production shut in US Gulf of Mexico due to Hurricane Helene
About 25% of crude oil production and 20% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Helene, the Bureau of Safety and Environmental Enforcement said on Thursday.
See how Helene dwarfs other hurricanes that have hit the Gulf Coast
Hurricane Helene is one of the biggest storm systems to hit the U.S. See how it compares to other past hurricanes and tropical storms in the Gulf Coast.
Fox Business28d
Judge's ruling could end Gulf oil production: 'Death by a thousand cuts,' senator warns
"stop almost all offshore oil production in the Gulf of Mexico." "When the courts do these actions. They are against the American worker. They are against the American economy. They're also ...
Analysis-US Gulf Coast oil prices to take center stage as exports dominate
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...
Houston Chronicle23d
Gulf oil and gas drilling faces possible shutdown in December. Here's why
WASHINGTON — Offshore oil companies operating in the Gulf of Mexico are facing the prospect of a potential shutdown in new drilling activity later this year, amidst a longstanding legal battle ...
Crude Oil Prices7d
Arab Gulf Producers Are in Need of Much Higher Oil Prices
Gulf Cooperation Council (GCC) countries face budgetary deficits as current oil prices remain below what is needed to balance their budgets. IMF: Saudi Arabia now needs oil prices more than $20 ...
Yahoo28d
Gulf of Mexico Oil Drilling Under Threat From Government Impasse
The effects could be sweeping: If the Gulf of Mexico were a country, it would rank among the world’s top 12 oil producers globally. “The ramifications could be potentially enormous for ...