Hurricane Ida has left a lasting wake of destruction and chaos along the Gulf Coast. The hurricane, which was a category 4 storm when it initially made landfall in Louisiana Continue Reading
As the latest strong storm that passed through the U.S. Gulf of Mexico showed, hurricanes are testing the resilience of offshore oil and gas facilities and pipelines. Hurricane Ida made Continue Reading
U.S. offshore oil companies restored almost 200,000 barrels of production on Friday, while most of the Gulf Coast crude output remained offline following Hurricane Ida, government data showed. The storm Continue Reading
The number of oil and gas rigs in the United States rose by 6 this week, according to Baker Hughes —after falling by 11 last week. The total rig count Continue Reading
About 185,000 b/d of US Gulf oil production returned Sept. 10 from a day prior as the recovery from Hurricane Ida began to pick up some momentum, even though nearly Continue Reading
Noble Corp. said repairing a deepwater oil rig damaged by Hurricane Ida may take the rest of this year and wipe out 16% of expected profit. Noble’s Globetrotter II rig Continue Reading
HOUSTON, Sept 10 (Reuters) – Most of the nine Louisiana refineries shut by Hurricane Ida have restarted or were restarting on Friday, nearly two weeks after the powerful storm came Continue Reading
In search of higher prices, shale oil producers have reined in upstream capex over the last couple of years. Before 2019 they were focused on ever-increasing incremental production growth, and Continue Reading
U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo Continue Reading
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk Continue Reading
