Tension

Gas Futures Follow Crude Higher, Maintain Recent Trading Range

Buoyed by geopolitical tension-induced strength in the petroleum markets, natural gas futures had no choice Monday but to go along for the ride. May natural gas put in a low of $6.680 in morning trade, but spent the rest of the afternoon exploring higher territory. The prompt month settled at $6.882, up 13.9 cents on the day.

April 11, 2006

Shell Delays Mars Platform Work Until July, Auger Scheduled for June

Shell said last week that it will further delay work to repair flexjoints on its Mars tension leg platform (TLP) in Mississippi Canyon Block 807 due to ongoing loop currents in the Mars Basin area of the Gulf of Mexico. The company intends to first complete flexjoint repairs at the Auger TLP in Garden Banks 426.

May 9, 2005

Shell Delays Mars Platform Work Until July, Auger Scheduled for June

Shell said Tuesday that it will further delay work to repair flexjoints on its Mars tension leg platform (TLP) in Mississippi Canyon Block 807 due to ongoing loop currents in the Mars Basin area of the Gulf of Mexico. The company intends to first complete flexjoint repairs at the Auger TLP in Garden Banks 426.

May 4, 2005

Shell Holds Off Mars Platform Repairs Due to Supply Situation

Shell Exploration & Production Co. will wait to shut down its Mars tension leg platform (TLP) in the Gulf of Mexico until early next year to help with disrupted production following Hurricane Ivan, officials said last week. Shell had said previously it would shut down the platform this month to replace flexjoints on both the oil and natural gas export lines.

November 8, 2004

Shell Holds Off Mars Platform Repairs Due to Supply Situation

Shell Exploration & Production Co. will wait to shut down its Mars tension leg platform (TLP) in the Gulf of Mexico until early next year to help with disrupted production following Hurricane Ivan, officials said Monday. Shell had said previously it would shut down the platform this month to replace flexjoints on both the oil and natural gas export lines.

November 2, 2004

Shell Holds Off Mars Platform Repairs Due to Supply Situation

Shell Exploration & Production Co. will wait to shut down its Mars tension leg platform (TLP) in the Gulf of Mexico until early next year to help with disrupted production following Hurricane Ivan, officials said Monday. Shell had said previously it would shut down the platform this month to replace flexjoints on both the oil and natural gas export lines.

November 2, 2004

Shell Brings Mars Platform Back On Line

Shell Exploration & Production said it resumed production from its Mars tension leg platform in Mississippi Canyon 807 in the Gulf of Mexico last Monday following completion of repairs to the flexjoints on both its oil and natural gas export lines. The platform is currently pumping down the process vessels, and production is expected to reach its pre shut-in rate of 150,000 bbl/d of oil and 170 MMcf/d of gas within two to three days.

July 5, 2004

Shell Brings Mars Platform Back On Line

Shell Exploration & Production said it resumed production from its Mars tension leg platform in Mississippi Canyon 807 in the Gulf of Mexico on Monday following completion of repairs to the flexjoints on both its oil and natural gas export lines. The platform is currently pumping down the process vessels, and production is expected to reach its pre shut-in rate of 150,000 bbl/d of oil and 170 MMcf/d of gas within two to three days.

June 29, 2004

Shell Says Mars Platform Repairs to Last Several More Weeks

Shell Exploration & Production said the repairs to its massive Mars Tension Leg Platform in Mississippi Canyon 807 in the Gulf of Mexico are going to take longer than expected, keeping about 150,000 b/d of oil and 170 MMcf/d of gas off the market for several more weeks.

June 14, 2004

Shell Says Mars Platform Repairs to Last Several More Weeks

Shell Exploration & Production said the repairs to its massive Mars Tension Leg Platform in Mississippi Canyon 807 in the Gulf of Mexico are going to take longer than expected, keeping about 150,000 b/d of oil and 170 MMcf/d of gas off the market for several more weeks.

June 8, 2004
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