Louisiana still had more than 200,000 customers awaiting power restoration Thursday, while substantial Gulf of Mexico natural gas and oil remained shut-in, one week after Hurricane Laura stormed ashore. Based on reports from 31 offshore operators, 420 MMcf/d, or 15.50% of the gas produced pre-storm remained shut-in. There also was 16.27%, or 301,077 bbl offline.…
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Natural gas and oil producers and pipeline operators working in the eastern part of the Gulf of Mexico (GOM) began shutting in production and evacuating platforms and rigs early Thursday in preparation for Tropical Storm (TS) Nate, which potentially could make landfall on the Gulf Coast this weekend.
The liquefied natural gas (LNG) spot market will get a shot in the arm once the Global LNG Exchange (GLX) launches with the goal of streamlining transactions.
After more than two months of relative calm, the 2016 Atlantic hurricane season has become significantly more active, prompting operators in the Gulf of Mexico (GOM) to shut in more than 11% of oil and more than 5% of natural gas, but — for the moment, at least — the chances of any significant disruption seem to have lessened.
Progressives in the Democratic Party, many of them supporters of U.S. Sen. Bernie Sanders (D-VT) and his failed bid for the presidency, were reportedly unable to get a nationwide moratorium on hydraulic fracturing (fracking), an idea championed by Sanders, added to their party’s official platform.
Drilling activities at a project in the deepwater Gulf of Mexico were halted Friday after a Nabors Industries Ltd. employee was killed, federal regulators said.
Crestwood Equity Partners LP has said “no, thanks” to Raging Capital Management LLC’s “Crestwood Comeback” program, which includes a distribution cut and unit buyback.
No injuries were reported after a Gulf of Mexico drilling platform offshore Louisiana caught fire early Friday, forcing the evacuation of 28 people, the U.S. Coast Guard (USCG) said.