UF Gulf Coast oil industry cries out for unbalanced Ida recovery, Reuters

Β© Reuters. FILE PHOTO: A hurricane in Norfolk, Louisiana, USA, swept away on August 30, 2021. REUTERS / Devika Krishna Kumar / File Photo

By Mariana Paraga and Liz Hampton

Houston (Reuters) – The crew, power and fuel shortages struggled to recover from US naval production on Friday after most of the Gulf Coast’s oil and gas output was destroyed.

After the post-storm review, the ports reopened, workers returned to the beach facilities, and some pipelines resumed. But the damage to the facilities delayed the construction of large facilities, making it harder to refuel. Power shortages on the beach put some filters aside.

Half of the displacement platforms are unoccupied, with 93% of oil production and 89% offline, according to government data. Some wells in the Gulf of Mexico could shut down as much as a fifth of the United States for weeks, analysts say.

Emergency oil

The White House wants to alleviate regional oil shortages by supplying 1.5 million barrels of crude oil from the Regional Strategic Petroleum Reserve (SPR). Exxon Mobile (NYSE πŸ™‚ To produce gasoline.

An oil and gas pipeline from three major oil fields was closed on Friday. According to government figures released on Friday, 1.7 million barrels of oil and 1.99 billion cubic feet of natural gas were shut down.

The U.S. deep-sea export terminal near the site of the hurricane has also been closed, according to the Louisiana Coast Guard. Analysts say long-term interruptions could hamper oil exports to Asia.

β€œIf the pipelines from the Gulf are not ready in the middle of the month, they can go to the SSS to ask for the courage,” said Robert Campbell, head of the Petroleum Products Research Center. This will be a long recovery.


Chevron (NYSE πŸ™‚ Two beach taps operated by NYSE πŸ™‚ were ready to return to service.

But Royal Dutch, the largest oil and gas producer in Gulf of Mexico, says it has recovered only 20% of its production.

Ida West Delta-143 said it had damaged the Gulf’s oil pipeline, which connects the country’s eight largest oil reserves. The extent of the damage was not immediately clear.

β€œThe situation in the West Delta is an indication of how slow the recovery will be at this time,” said Aaron Brady, an advisor to HS Marcit. We expect large amounts of oil to be offline for some time, perhaps weeks.

The post-hurricane has also been revived by aerial reconnaissance and aviation fuel for naval helicopters. Idaho winds have forced oil companies and airlines to move helicopters.

CoreLogic estimates that damage to overseas oil companies could cost insurers about $ 1 billion.

Restoring ports

Most of Louisiana’s ports, including New Orleans Harbor, have reopened, but Port Forchon, a harbor rehabilitation center, reopened on Thursday for daylight-only operations. Analysts say the extensive damage to Port Fortune has affected coastal platforms.

Louisiana’s largest resource Entergy Corporation (NYSE :). In an area near New Orleans, he was trying to clear a river that was blocking traffic. The company did not immediately respond to requests for comment.

About 820,000 homes and businesses in the state have no power, according to PowerOutage.com. Two-thirds of gas stations from New Orleans to Baton Rouge remain without gas, according to Gas Trainer.

Tony Odak, General Manager of Stone Oil Distribution, which supplies oil to overseas producers, said it has started receiving supplies from the ports of Texas at Arthur and Galveston.

β€œWe are now getting back outside the Mississippi River,” Odak said.

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