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Early-season Gulf of Mexico storm trims some U.S. oil production

HOUSTON (Reuters) -The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production. A weather...

HOUSTON (Reuters) -The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.

A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday. It was moving north at about 14 miles per hour (22 kmh) and could bring up to 12-inches of rain to the central U.S. Gulf Coast by Saturday, the National Weather Service said.

Equinor ASA (NYSE:EQNR) on Friday said it had removed staff and shut production at its Titan platform, which is about 65 miles (105 km) off the coast of Louisiana. Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) also removed staff and began taking precautions at their offshore oil and gas platforms.

"This is not that unusual to run evacuation flights this early in the season," said Jason Glynn, director of operations at a Bristow Group offshore crew transport unit in Louisiana. "The last couple of years we've always had one softball like this early in the season."

Chevron removed non-essential staff from three U.S. Gulf of Mexico oil platforms and fully evacuated a fourth that is about 150 miles sought of Louisiana. Production halts on two platforms could be lifted over the weekend.

"All of our facilities have plans to prepare for weather-related events and are implementing those procedures," Occidental said on its website. It did not comment on production.

Fieldwood Energy evacuated its South Marsh Island 128 platform, disrupting natural gas transfers to onshore facilities. A spokesperson did not reply to requests for comment.

Other major producers including BP (NYSE:BP), BHP, Royal Dutch Shell (LON:RDSa) and Murphy Oil (NYSE:MUR) said they were monitoring weather conditions but production had not been affected.

Louisiana Offshore Oil Port, the region's only deepwater oil export port, was operating normally. Offshore pipeline operator Enbridge (NYSE:ENB) said all of its systems were flowing.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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